IU President Pamela Whitten requested a new university budget model that supports the ambitious goals laid out in the IU 2030 strategic plan. The president asked that the new, streamlined budget model provide both the transparency and predictability universities need to thrive in higher education today along with the flexibility and resources needed to leverage new opportunities.
The president and provost have asked that the new campus budget model follow the same key principles that have guided university-level budget model redesign. These include:
- Providing accessible data and analytics needed to enable planning and accountability,
- facilitating collaboration among deans, vice provosts, faculty, and staff,
- fostering interdisciplinary activity,
- reducing administrative burden,
- opening opportunities to invest and innovate, and
- ensuring the campus is positioned to achieve the IU 2030 and IUB 2030 strategic plans.
Each IU campus has been asked to build an aligning budget allocation model to be implemented in FY26. These models will be based on the principles and framework developed by the IUB Budget Model Redesign Committee, whose members were appointed by Vice President Dwayne Pickney and Provost Rahul Shrivastav.