![]() These investments have lifted millions of Canadians out of poverty, built more vibrant communities across the country, grown our economy, and helped weather a once-in-a-century pandemic. This office coordinates partnerships with the University, local government, and greater Ann Arbor community organizations.Refocusing Government Spending to Deliver for Canadians View the impact assessmentįrom the creation of the Canada Child Benefit, to infrastructure investments in our communities, to supporting Canadians through the pandemic, the federal government has proudly invested in Canadians and the Canadian economy since 2015. Office of Government Relations (leave OBP website).Capital Planning Process (leave OBP website).Summarizes the review of the University Budget Model undertaken in FY19. Annual Budget Presentations to the Regents (leave OBP website).Budgeting with the University Budget Model ĭescribes University of Michigan budgeting practices and specifics about the University Budget Model. ![]() The links below provide additional description and details about the ![]() Promotes efficiencies within and between units.Supports compliance, safety and/or risk mitigation.Directly enhances academic excellence and/or student success.Aligns with university priorities and/or strategic goals of the unit.Key priorities in allocating new funding from the Provost’s office: These allocation decisions must incorporate the entire set of University needs and explicitly weigh the trade-offs between academic and support priorities. These sources are used to support the general operating program, cover increases in mandatory costs, honor base commitments made in prior years, and provide allocations for new initiatives to both academic and non-academic units. The Provost has several sources of allocable revenue - increases in state appropriation, increases in facilities-related charges, other internal assessments, and planned reductions in units’ General Fund budgets. Units with students in the Rackham Graduate School are assessed for financial aid based on their students who are enrolled in Rackham programs.Indirect Cost Recovery (ICR) is generally allocated as revenue to the unit(s) responsible for the direct research associated with the ICR.Tuition flows to the schools and colleges according to each student’s academic program home unit, as well as student instructional activity of a unit.The UB model attributes revenues related to tuition, student fees, indirect cost recovery, and interest and costs related to financial aid, facilities, and internal assessments to each activity-based unit based on a set of defined rules.Įxamples of rules defined in the UB Model: This mix of budgeting allows the University’s leadership to see clearly the fiscal implications of the activities at the school/college/research unit level, while allowing considerable flexibility to set priorities and adjust to fiscal circumstances in light of the University’s missions. The U-M budget model functions within a hybrid system of responsibility center budgeting, incremental budgeting, and centralized/initiative budgeting. OBP applies the University of Michigan Budget Model (UB Model) and discretionary budget system decisions as it works with schools, colleges and other Ann Arbor campus academic and institutional units to formulate their budgets. The Office of Budget and Planning (OBP) plays a central role in developing the detailed budget for the Ann Arbor campus.
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