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.
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.