January 13th, 2015
Deans, department heads and directors heard about progress being made on the UA's new budget model during a recent presentation by Provost Andrew Comrie.
Responsibility Centered Management, or RCM, is designed to make the UA's budgeting process more transparent, more decentralized and more closely aligned with goals outlined in the UA's Never Settle strategic academic and business plan.
A steering committee and nine subcommittees have been working to share information and gather feedback from deans, assistant and associate deans, vice presidents and Responsibility Unit Business Officers, who...Read More
November 4th, 2014
For those who are curious about what the UA's new budget model will look like or how it's being developed, new resources are now available to help increase understanding.
The UA is moving toward a Responsibility Centered Management budget model that will make the University's budget process more transparent, more decentralized and more closely aligned with the goals of the UA's Never Settle strategic academic and business plan. RCM is expected to replace the University's current incremental budget process starting in fiscal year 2016. This year's budget was based on the incremental system and...Read More
April 30th, 2014
Team RCM Presents RCM Updates
Team RCM presented RCM updates to a well attended Heads luncheon on Wednesday, 30 April 2014. The Heads luncheon, sponsored by Tom Miller,the Associate Provost for Faculty Affairs, was very interested in learning about RCM progress to date. Team RCM presenters included:
Gail Burd – Chair of the Differential and Program Fee committee
Shane Burgess – Chair of the Facilities and Space committee
Vincent Del Casino – Chair of the Undergraduate Tuition committee
Caroline Garcia – Chair of the Sponsored Activity committee
Lisa Rulney – Chair of the Committee on Institut...Read More
April 7th, 2014
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The RCM implementation is expected to move through several phases.
The remainder of this fiscal year will be spent further examining and incorporating existing cost components into a prototype RCM model. The Steering Committee plans to present a preliminary proposal for the RCM model to the president in June for her review.
The FY2015 budget is currently being formulated and the intent is to run the current and prototype RCM systems in a pilot modeling year during FY2015 to further examine and compare outcomes before making a final recommendation to the president. This wil...Read More
March 26th, 2014
The UA is making strides in developing a new budget model, Responsibility Centered Management, intended to make the University's budget process more transparent, more decentralized and more closely aligned with the goals of the University's Never Settle strategic academic and business plan.
Based on the initial recommendations of nine subcommittees, and review of these recommendations by the RCM Steering Committee, the development and iterative modeling and testing of the budget model has begun.
"The committees continue to work diligently to ensure that our new financial model represents our...Read More