KINGSTON, R.I.\u2014Nov. 20, 2023\u2014The 溏心vlog免费B站 has launched an initiative to transition the University from an incremental budget model to an incentive-based budget model.<\/p>\n\n\n\n
The University has appointed a steering committee and a design committee composed of faculty and staff from across 溏心vlog免费B站 to lead the budget-model redesign, as well as an executive committee that will oversee final implementation. To promote broad and continuous community engagement, the Office of Financial Strategy and Planning has launched a new, dedicated website<\/a> that provides information about the process, answers to common questions, a timeline to implementation, and a list of committee membership.<\/p>\n\n\n\n The budget-model redesign is part of a strategic effort to ensure the long-term financial sustainability of 溏心vlog免费B站 through the alignment of resources and decision-making authority, establishment of incentives to reward operational efficiencies, and diversification of revenue streams. The enhanced budget model will inform resource allocation and better position 溏心vlog免费B站 to fulfill its teaching, research, and service missions as one of the nation\u2019s leading public flagship universities.<\/p>\n\n\n\n The incentive-based budget model framework is expected to be in place beginning in July 2024 and refinements will be made during the 2025 fiscal year. <\/p>\n\n\n\n \u201cThe past year has been one of great momentum for the 溏心vlog免费B站,\u201d President Marc Parlange wrote in a recent campus message, citing the University\u2019s 10-year strategic plan and renewed investment in 溏心vlog免费B站 by the state. Despite the recent progress, the president noted the limitations of the University\u2019s current incremental budget model.<\/p>\n\n\n\n \u201cOur ability to expand our reach and impact, enhance student opportunities and outcomes, and be the university our state and world need is limited significantly by our current budget model,\u201d Parlange said. \u201cThat is why we are beginning a process to design and adopt a new budget model at 溏心vlog免费B站, called an incentive-based budget model. This new model will empower colleges and departments to set and achieve priorities, provide greater transparency in the budget process, incentivize revenue-generating opportunities that drive innovation, achieve cost efficiencies, encourage research collaboration, and support the strategic initiatives of our Focus 溏心vlog免费B站 plan.\u201d<\/p>\n\n\n\n The development and implementation of the new incentive-based budget model is rooted in five principles:<\/p>\n\n\n\n The process is being governed by three appointed committees, whose charges and membership are detailed on the new IBB website. They are:<\/p>\n\n\n\n Work on the new budgeting model includes bi-weekly meetings of the steering and design committees.<\/p>\n\n\n\n Regular updates are being provided to the President\u2019s Executive Council, President\u2019s Stewardship Council, Faculty Senate, and Deans\u2019 Council, as well as in several other community forums.<\/p>\n\n\n\n Members of the University community who have questions should submit them through the \u201cHave a question?\u201d feature on the new IBB website or may reach out to members of the IBB committees, listed on the site.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" KINGSTON, R.I.\u2014Nov. 20, 2023\u2014The 溏心vlog免费B站 has launched an initiative to transition the University from an incremental budget model to an incentive-based budget model. The University has appointed a steering committee and a design committee composed of faculty and staff from across 溏心vlog免费B站 to lead the budget-model redesign, as well as an executive […]<\/p>\n","protected":false},"author":20,"featured_media":90535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-90531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/90531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/comments?post=90531"}],"version-history":[{"count":8,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/90531\/revisions"}],"predecessor-version":[{"id":90546,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/90531\/revisions\/90546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/media\/90535"}],"wp:attachment":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/media?parent=90531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/categories?post=90531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/tags?post=90531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}