University Financial Planning

The university's financial planning is an ongoing, integrated process that encompasses a multi-year planning horizon and culminates in an annual operating budget for the university. The process for developing the university's General University Fund budget utilizes the principles and mechanisms prescribed by the Resource Management Model, a responsibility-centered and incentive-driven resource allocation model. Similar financial models are used for developing the annual operating budgets of the university's auxiliary units and research programs whose revenues and expenses are managed outside the university's General University Fund.