Budget Model

Purpose for Budget Model Transition

Transitioning from an incremental to an activity-based philosophy ensures the long-term financial sustainability of URI through the diversification of revenue streams, alignment of resources and decision-making authority, and establishment of incentives to reward operational efficiencies. This ensures that URI is well positioned to remain a leading research flagship university.

Budget Model Information

Click here for a comprehensive look at the philosophy and mechanics driving the URI Budget Model.

Updated: February 2026

Budget Model Overview
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The development, implementation, and assessment of URI’s budget model is guided by the following principles:

  • Rewards innovation, entrepreneurship, collaboration, and a “One University” mindset.
  • Provides transparency, clarity, and predictability.
  • Builds an environment of inclusive excellence.
  • Fosters responsibility and accountability.
  • Incentivizes increased academic quality, aligning core competencies and avoiding redundant offerings, or offerings that are misaligned with areas of expertise.

Additional resources and updates will be added here as they become available. Please see the following descriptions for committee pages, including roster information, committee charges, and the projected budget model timeline.

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Timeline

DateAction
March 2024College Deans' retreat to discuss budget model mechanics and philosophy
September 2024Budget Model management kickoff meeting
May 2025FSP-led engagement session focused on budget model implementation and FY2026 Allocation updates
July 1, 2025
  • Budget Model is in place as a “held harmless” year, meaning the budget model framework will be in place, but colleges are not responsible for backfilling any shortfalls nor will retain any surpluses generated
August 2025College Deans' retreat to discuss FY2026 budget model results
FY2026
  • Items still under development include a formal subvention decision making process and a formal unrestricted fund balance carryforward policy 
July 1, 2026
  • Full implementation of budget model
FY2027 and beyond
  • Ongoing monitoring and evaluation of the budget model as needed