The Indiana University Bloomington budget is being designed using conceptual, prototype, and functional models with the projected timelines for each listed below.
PHASE ONE
FY25: Conceptual Model Redesign and Development
- December 2024: Conceptual model shared with the provost for review and refinement.
- January 2025: Conceptual model shared with academic and administrative leadership, BFC executives, and BAC members, followed in the subsequent weeks by the Bloomington Faculty Council, Bloomington Staff Council, and Bloomington community.
- Spring 2025: Make refinements based on (1) feedback from campus constituencies, (2) finalization of UA services expense distributions, and (3) opportunities and challenges found in building the prototype model (the second phase of development).
- Spring 2025: Actively engage the Bloomington campus in building the FY 2026 budget model and implementing changes in distribution at the university level. UA changes and other budgetary allocation methodology changes will not occur on the BL campus until FY 2027.
PHASE TWO
FY26: Prototype Model Refinement
- Summer 2025: The prototype model will be further enhanced through a continuous feedback loop that helps illustrate impact and points to additional changes or necessary refinements. This will be done throughout the FY 2026 budget cycle and will include a broad discussion across campus constituencies and key stakeholders.
- Summer to Fall 2025: Plans for infrastructure development, governance structure, training, and transition strategies will be developed and will dovetail with the development of critical dashboards to aid units in the implementation of the new model.
- Fall 2025: The prototype model will run parallel with the existing budget model, providing an opportunity to analyze impacts and changes. Further refinements to the model will be made to ensure units start with a “hold harmless” budget. Quarterly updates on the model process will be provided, and reporting will be done for optimization.
PHASE THREE
FY27: Functional Model Implementation
- Implementation: Full-scale implementation of the new budget model will begin with either a phase-in or hold harmless period.
- New budget models take 2+ years for full implementation. Several peers have elected to phase in components. It is more critical to develop the right model for the IUB campus than to develop a model quickly.