Theme 5

Building the Financial Foundation

II. JUDICIOUS STEWARDSHIP

Act of Determination 5 -- Dean’s Office Financial Profile

The Dean’s Office discretionary budgets must be utilized to capacity, but within the context of potential financial exigencies. Some budget lines in the Dean’s Office accounts are replenished each year, some are replenished unpredictably from one year to the next, and some are based on monies that, once expended, will never be replenished. Across Arts & Sciences, many projects that require funding on an annual basis are difficult to fund through more traditional operational means.

Action Steps:
  • By Summer 2014 the Dean’s Office will develop a model establishing baseline reserve funds needed for financial contingencies for an academic unit the size of Arts & Sciences.
  • By Summer 2014 the Dean’s Office will develop a budget model to expend excess funds each year above the reserve line for strategic projects.