Purpose for Budget Model Transition
Transitioning from an incremental to an activity-based philosophy will ensure 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 will ensure that URI is well positioned to be a leading research flagship university.
The development, implementation, and assessment of the new budget model will be 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.