{"id":4021,"date":"2024-09-19T12:04:19","date_gmt":"2024-09-19T16:04:19","guid":{"rendered":"https:\/\/web.uri.edu\/fsp\/?page_id=4021"},"modified":"2026-04-06T09:41:43","modified_gmt":"2026-04-06T13:41:43","slug":"budget-model","status":"publish","type":"page","link":"https:\/\/web.uri.edu\/fsp\/budget-model\/","title":{"rendered":"URI Budget Model"},"content":{"rendered":"\n
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DETAILED BUDGET MODEL information\n\nuri sso required <\/a><\/div>\n\n\n\n
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Purpose for Budget Model Transition<\/h2>\n\n\n\n

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.<\/p>\n<\/div>\n\n\n\n

Budget Model Overview<\/h2>

Overview of the philosophy and mechanics driving URI’s Budget Model
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Budget Model Overview<\/div><\/a><\/div>\n\nAsk a Question<\/a><\/div>\n<\/div>\n\n\n\n

The development, implementation, and assessment of URI’s budget model is guided by the following principles:<\/p>\n\n\n\n

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

    Timeline<\/h2>\n\n\n\n
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    Date<\/th>Action<\/th><\/tr>\n<\/thead>\n
    March 2024<\/td>College Deans' retreat to discuss budget model mechanics and philosophy<\/td> <\/tr>\n
    August 2024<\/td>College Deans' retreat to discuss budget model implementation and preliminary FY2025 budget model results<\/td> <\/tr>\n
    September 2024<\/td>Budget Model management kickoff meeting<\/td> <\/tr>\n
    May 2025<\/td>FSP-led engagement session focused on budget model implementation and FY2026 Allocation updates<\/td> <\/tr>\n
    July 1, 2025<\/td>Budget Model is in place during a transition year, meaning colleges will neither be responsible for backfilling any shortfalls nor will retain any surpluses generated<\/td> <\/tr>\n
    August 2025<\/td>College Deans' retreat to discuss FY2026 budget model results<\/td> <\/tr>\n
    FY2026<\/td>Development of a formal subvention justification and decision making process<\/td> <\/tr>\n
    July 1, 2026<\/td>Full implementation of budget model<\/td> <\/tr>\n
    FY2027<\/td>Development of unrestricted fund balance carryforward and reserve policies<\/td> <\/tr>\n
    FY2027 and beyond<\/td>Ongoing monitoring and evaluation of the budget model<\/td> <\/tr>\n <\/tbody>\n <\/table>\n \n \n \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    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 […]<\/p>\n","protected":false},"author":4845,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-4021","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/pages\/4021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/users\/4845"}],"replies":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/comments?post=4021"}],"version-history":[{"count":5,"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/pages\/4021\/revisions"}],"predecessor-version":[{"id":4642,"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/pages\/4021\/revisions\/4642"}],"wp:attachment":[{"href":"https:\/\/web.uri.edu\/fsp\/wp-json\/wp\/v2\/media?parent=4021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}