Strategic Budgeting Initiative. Provost Open Forum November 19, 2013. Initiative Background. In 2011, provost and deans identified key limitations of Auburn’s current budget model: Inequities among colleges, including unequal access to revenues from student fees
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Provost Open Forum
November 19, 2013
Percentages used relate to total unrestricted operating budget for AU main campus
Provost and CFO convened Steering Committee to oversee a 16-week assessment effort
Initially met with over 45 individuals
Developed a set of guiding principles
Analyzed alignment of four budget components
Built an initial funds flow model
Prioritize funding of strategic initiatives aligned with Auburn’s mission
Deliver consistent, accurate, and realistic financial projections, while allowing flexibility to respond to future opportunities and unknowns
Promote authority, responsibility, and accountability, both locally and university-wide
Provide incentives for effective management of both revenues and expenses and reward creativity and innovation
Be simple, transparent, and logical
Opponents of change commonly criticize initiatives for failing to address
objectives to which they are not designed to address.
A new budget model will not be a silver bullet to solve all of Auburn’s needs. However, it can be a structure that aids in moving the institution forward.
*Although “all-funds” may be included for transparency purposes, not all funds will be considered in the creation of a central pool of resources.
Upcoming Key Date:
Inventoryof anticipated expenditures
Mechanism to control expenditures
Independent activity performed by department managers
Backroom operation performed by accountants
Spreadsheet indicating resource availability
Performance measures that resetannually