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Sustainable Financial Model

The Sustainable Financial Model (SFM) Working Group spent fall of 2019 and spring of 2020 looking at historical information and assessing several options for a new financial model to guide the University of Idaho’s budget process. The group’s deliberations resulted in the recommendations included in the SFM white paper.

Sustainable Financial Model Working Group - FAQ’s

The Vandal Hybrid budget model will launch in FY22. During FY21, colleges, departments and units can take the opportunity to use the suggested metrics to plug data into the model and project outcomes.

A working group comprised of the Deans and Vice Presidents is currently working to review and assess metrics for academic units to plug into the financial model. The metrics, when used in the model, will help guide decision-making around budgets and align with the guiding principles outlined in the white paper. Metrics could include enrollment, job placement, six-year graduation rate and incentives for collaboration and interdisciplinary work. The metrics working group results will be reviewed by Faculty Senate, Provost Council and Staff Council, and will be posted on this website when the work is complete. A second working group will develop metrics for non-academic units and their work will begin sometime before the end of the year. 

Interim Provost & Executive Vice President Torrey Lawrence and Vice President for Finance and Administration Brian Foisy, and their respective staff, will work with colleges, departments and designated financial staff to map out the new approach for the budget process.

As mandated by the Idaho State Board of Education, Program Prioritization will continue. The process evaluated academic programs in 2019-20 and will evaluate non-academic programs in the upcoming 2020-21 year. Data from Program Prioritization will be used to inform the decision-making process within IPEC as well as University Budget & Finance Committee (UBFC), which should help inform the budget model. We expect to align metrics for the budget model and program prioritization.

Sustainable Financial Model Working Group

View White Paper

GROUP PARTICIPANTS

Scott Green
President

Chandra Zenner Ford
President’s Office Executive Sponsor

John Wiencek
Provost and EVP co-chair

Brian Foisy
VP Finance and Administration co‑chair

Annette Elg
retired CFO Simplot

Sharon Allen
retired Chairman Deloitte

Craig Olson
retired CFO Albertsons

Todd Kilburn
CFO SBOE

Brad Ritts
AVP Research

Jerry Long
Dean College of Law

Terry Grieb
Chair, Faculty Senate College of Business and Economics

Patrick Hrdlicka
Chemistry Faculty

Brian Johnson
Engineering Faculty

Toni Broyles
President’s Office

Cari Espenschade
Vice Chair Staff Council

Margarita Cardona
Director Admin Services, College of Agriculture and Life Sciences

Jacob Lockhart
ASUI President

Alexis Murray
SArb President

Recorder: Patty Houle
retired staff

Contact Us

Physical Address:
Administration Building
Room 105
Moscow, ID
83844-3151

208-885-6365
president@uidaho.edu

Mailing Address:
875 Perimeter Drive
MS 3151
Moscow, ID
83844-3151

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