Dear Colleagues,
The Steering Committee of the Budget Model Redesign invites you to attend an online forum and listening session on Thursday, November 14, to discuss the anticipated transition this fall from Phase 4: Learning Year Preparation to Phase 5: Learning Year.
Budget Model Redesign Online Forum
Thursday, November 14
10:00-11:00 a.m.
Join via this Microsoft Teams Link
We also encourage the campus community to participate in the following Campus Conversations to be held in-person:
Budget Model Redesign Campus Conversations
Thursday, November 7
3:00-4:00 p.m.
LSC 324
Monday, November 11
3:30-4:30 p.m.
LSC 312
Prior registration is not required for the Teams forum or in-person meetings.
We appreciate the campus engagement and participation in the Campus Budget Model Open Forum on October 17. If you were unable to attend, we encourage you to view a recording of the forum posted on the Budget Model Redesign Camus Engagement webpage.
The committees of the Budget Model Redesign Initiative are moving forward in preparation for The Learning Year Phase 5, and continue to have productive and deliberative conversations regarding a new budget model for CSU. Thank you for your participation, questions, and feedback that has assisted and informed this process. Below is a summary of where our work stands to date.
Steering Committee Updates
The Steering Committee has utilized the following subcommittees to address specific topics: Communications, Academic Unit Allocations, Administrative Unit Allocations, and Stabilization/Innovation Fund and Guardrails. These subcommittees contain a cross-section of Steering Committee members. The work which occurs in the subcommittees is reported and deliberated among the larger Steering Committee before recommendations are made to the Executive Sponsor Committee.
In their October 24 meeting, the Steering Committee heard reports from the subcommittees following their work over the last month as a continuation and culmination of their research, discussion, and contemplation. Information from those reports is highlighted below.
Academic Unit Allocation Subcommittee
The Academic Unit Allocation Subcommittee reported on their engagement regarding student credit hours and majors as key metrics determining the formula-based allocations to academic units. The subcommittee has requested additional scenarios from the Technical Committee, which they will review at their next meeting. The Steering Committee continues to explore complimentary metrics in addition to these key metrics.
The Administrative Unit Allocation Subcommittee reported on their conversations around funding strategies that involve a mix of base funding and, looking toward the future, key performance indicators and other strategic funding approaches. This subcommittee recognizes that allocations must be strategic and reflective of the diversity of services provided by the administrative units.
Stabilization/Innovation Fund and Guardrail Subcommittee
The Stabilization/Innovation Fund and Guardrail Subcommittee (also referred to as the Subvention Subcommittee), reported on their work around components which may inform allocations from this fund, with recognition that the Executive Sponsor Committee has requested a process that is proposal-based. Additionally, the subcommittee discussed the importance of guardrails for year-over-year budget changes and the important balance between incentivization and stabilization.
Thank you for your engagement throughout the first phases of the initiative. We encourage you to stay engaged with this process and provide your feedback or ask questions by emailing us at [email protected] or through the Budget Model Redesign online feedback form.
Sincerely,
Steering Committee
CSU Budget Model Redesign Initiative