The IUB Budget Model Redesign Steering Committee recommended following a three-part, phased budget model design and implementation process, beginning with the Conceptual Model.
The Conceptual Model—which is a hybrid between decentralized and centralized funding models—recognizes that investing in academic excellence, common good needs, and strategic campus and academic unit priorities will shape the university’s scholarly and creative output, reputation, resources, and opportunities for years to come.
The Conceptual Model methodology will be heavily data-driven and will provide both units and the campus with incentives to grow revenue, find efficiencies, and invest in strategic priorities such as student success, research productivity, and service.