The General Fund - Principles
During the Spring semester 1993, the University Budget Committee developed a set of principles which were intended to be of assistance in developing a new model of budget allocation. These principles state that the budget allocation process should:
- Support the chosen directions and priorities of the University.
- Recognize differences between programs (i.e., delivery modes)
- Provide for differential growth and differential needs within the University.
- Provide certainty of allocation (within realities of public funding) for long-term efficiency and stability.
- Reward "good" behavior.
- Be perceived to be fair, based on the chosen plan and policies of the University
- Utilize minimum resources to administer the allocation process.
- Decentralize decision-making consistent with University plans and policies.
- Mandate a consultative process within all schools/Departments/Units.Provide an easy transition from the present system, with a phase-in period to minimize chaos.
