The 51�Թ�� Budget Model Redesign Project

51�Թ�� Budget Model Redesign Handbook - published 5/29/25

Mission

The budget model redesign project will establish a new incentive- and resource-allocation based budget methodology that is decentralized and data-informed and which motivates creativity leading to new and enhanced revenue streams.

The new model, which will be collaboratively developed with broad representation will improve budget transparency and foster localized budget making and responsibility to ensure the university’s overall fiscal health now and into the future.

Guiding Principles and Goals

Align revenues and expenditures with college and unit-level operations and our institutional strategic priorities.
Incentivize resource growth and fiscal stewardship.
Distribute resources using a predictable and clear simple methodology that allows for multi-year planning.

Anticipated Outcomes and Activities:

Start budget development with anticipated revenues and build unit-level expense targets accordingly with unit-level discretionary reserves to support one-time new initiatives funding and budget contingencies.
Improved forecasting and multi-year budgeting.
Improved data-modeling for new and continuing enrollments by college.
Align revenues and spending now and in the future with a multi-year fiscal sustainability plan.

Budget Model Development Status and Communication Plan:

Spring 2023: Budget Model Working Groups meet throughout the Spring semester to develop the key elements of the new Budget Model.

Communication Plan:

Executive Budget Committee Alignment Meeting - 8/24/23 - Present the budget model that was developed through the Budget Model working group to the Executive Budget Committee Members
Budget Model Working Group - 8/29/23 - Present revisions to the Budget Model based on feedback from the Executive Team
President’s Council Meeting – 9/20/23 - Overview of the Budget Model Framework and Panel Style Q&A
Audit and Finance Committee - 9/21/2023 - Overview of Budget Model Framework
Budget Managers Advisory Group - 10/18/2023 - Overview of Budget Model Framework
University Senate Committee on Finances - 10/19/2023 - Overview of Budget Model Framework
Faculty Senate Meeting - 10/24/2023 - Overview of Budget Model Framework
Deans Meeting - 11/09/2023 - Overview of the new Budget Model
College Budget Model "Deep Dives":

                 NCE - 12/6/2023
                 CSLA - 12/13/2023
                 HCAD - 12/14/2023
                 YWCC - 12/20/2023
                 MTSM - 12/21/2023

Academic Leadership Committee - 1/10/2023
Support Centers Budget Model "Deep Dives":

                 University Operations/Facilities - 3/11/2024
                 General Support - 3/18/2024, 4/9/2024 and 5/28/2024
                 Student Support - 4/15/2024 and 5/13/2024
                 Research Support - 6/3/2024
                 Development & Alumni Relations - 6/4/2024