How should differences in the Cost of Instruction (COI) be reflected in the proposed budget model?
Recommendation: In the initial years of the Resource Management Model, COI differences will be reflected through the distribution of the state appropriations via the RMF. In the initial year when colleges are “made whole,” the RMF allocation will reflect the COI differences currently incorporated in base budgets. For the first three years, strategic decisions on the distribution of the RMF will explicitly consider adjustments based on cost of instruction factors including costs associated with enrollment increases in high cost disciplines. During that time, a careful and thorough study of the cost of instruction will be conducted. The results of the study may lead the President and Provost to reconsider this decision. Issue: What budget advisory committees are needed in the proposed budget model? What should be their purpose and how should they function? What is the optimal composition of each budget advisory committee, and how should members be selected? Recommendation: The BMRIC has
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