Principles
Support the academic goals of the institution through the alignment of resources to priorities as outlined in our planning documents (the White Paper, University Academic Plans/School Plans, IR Plans).
Be transparent.
Provide for a predictable and sustainable framework for budget planning.
Provide performance incentives and ensure accountability.
Provide for clear and straight forward allocation methodologies.
Benefits
- Is fully transparent
- Facilitates greater alignment of resources with priorities
- Provides faculties with greater control over the revenue they generate
- Provides faculties with greater control over the costs they incur
- Creates incentives for faculties to seek out new opportunities for revenue growth and cost control
- Is based on clear and agreed upon allocation methodologies
- Provides a predictable and sustainable framework for budget planning
- Clearly identifies accountability
- Supports better understanding of budgets
- Highlights costs of operating and opportunities to improve service