What impact will the proposed budget model have on the quality of teaching, research, and outreach?
Recommendation: The model must be coupled with management approaches that ensure a focus on quality and on the University’s mission, goals and strategic plans. The budget model exists to serve the major guiding principles and goals of the institution. As it is made clear in ISU’s strategic plan, excellence is and will continue to be a core value of the institution. The model is intended to provide incentives for both revenue generation and cost reduction that will ultimately provide the necessary resources to support the mission and goals and strategic plans of the institution. The model has to support university leadership’s decisions and should be coupled with a planning and decision-making approach that supports the mission, goals, and strategic plans of the institution. Resource Responsibility Centers should be held responsible for performance across the range of strategic goals. Performance with respect to strategic goals should be coupled with Resource Management Fund allocations
