Sustainable Financial Model

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.