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Purpose of the Budget Formula

Purpose of the Budget Formula. To provide simple, reasonable, and fair distribution of a base budget to all University of Montana divisions . To provide a pool of funds that could be distributed to the Institutional Priorities.

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Purpose of the Budget Formula

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  1. Purpose of the Budget Formula • To provide simple, reasonable, and fair distribution of a base budget to all University of Montana divisions. • To provide a pool of funds that could be distributed to the Institutional Priorities. • To create a mechanism to help manage the limited resources available to the University of Montana

  2. The formula does not attempt to allocate Designated, Auxiliary, or restricted fees. • The formula does not allocate funds to the specific programs/accounts • It doesn’t care about pet projects, political maneuvering, or passionate pleas (equalizes) • The formula does not control the budget process. It is just a tool that helps. What the Budget Formula Doesn’t do:

  3. Budget Enhancement Decisions (V.P.s) Total Budgets for Division/Area Prior Year Budget +/- Depending on Funding The Historical Process

  4. Making Some Changes Valid & Reliable Assessment Data Planning & Assessment Committees. Budget Enhancement Decisions (UBC) Dept. & Division Strategic Planning University Priorities Institutional Strategic Priorities Base Budget is Calculated by Formula UBC EvaluatesFormula Variables and Data (Works with Planning Committee) Institutional Support Costs are Determined (UBC & Planning) Total Budgets for Division/Area

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