Guiding Principles

Transparent, Simple and Accountable:

All organizations will be responsible for their financial, administrative, and academic performance. Allocation of resources to, between, and among all organizations will be easy to understand and administer, transparent, available and in support of the institution's strategic goals. Transparency, in all forms, is a foundational tenet in our community, along with accountability, collaboration, and quality of service.

Incentives to Innovate:

Academic values are to drive financial decisions. Appropriate incentives have been built into the system to encourage academic entrepreneurialism, flexibility, and sustainability – while preserving the core identity and values of the institution. Incentives also provide for efficiency, reduced consumption, cost transparency, and collaboration, while discouraging duplication, insularity, and protectionism.

Quality and Stewardship:

The assets entrusted to us must be protected, and whenever possible, enhanced. The core institutional values of quality, access, diversity, scholarship, and community must be always at the forefront of our efforts. Ensuring the sustainability of information infrastructure and access to research support, preserving and maintaining the University grounds and facilities, as well as respect for the human resources and the intellectual capital of the institution are non-negotiable.

The University recognizes that in order to engage in this effort and adhere to these guiding principles, we must continue to develop appropriate reporting and analysis tools, systems, and training to support the UFM and improved decision support & planning.

Any changes to the model or decisions made by unit operations should support the long-term growth and financial health of the University.  Such decisions should consider long-term operations, future funding streams, as well as current and future students.