Develop a model for allocating additional operating budget (or one-time funds) campus-wide, taking into consideration the metrics-based operating model for academic departments developed last year.
Review the option of developing a one-time merit allocation vs. a permanent merit allocation.
Develop an allocation method for meeting academic priorities as funding becomes available (i.e. faculty lines, adjuncts, summer school, GAs).
Based on the strategic plan, allocate one-time seed money (approximately $400,000) for innovative initiatives that would improve operational efficiencies and/or generate future revenues.
Based on the strategic plan, identify a minimum of one percent of the annual budget to fund innovative new initiatives and/or meet University priorities, or if needed, to cover state reductions. Note: If one percent is not needed to cover budget reductions, this recommendation can be based on a reallocation within each division level.
