FAQ

FAQ

Budget Model Redesign FAQ

What is Incentive-Based Budgeting, commonly referred to as Responsibility Center Management (RCM)?
What is the goal of an incentive-based budget model?
Why are we changing to a different budget model?
Why did this require the use of an outside consultant/why Huron?
How was the Steering Committee chosen?
How will units be able to effectively manage their budget within this model?
How do funds flow in a RCM model?
How are model decisions being made and how is the input of campus being handled?
What is the timeline for implementation of the new budget model?
Have other universities done this?