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History of budget model development
- May 2, 2007: President Geoffroy accepts the
final report of the Budget Model Review and Implementation Committee.
BMRIC completes its work and is disbanded.
- Jan. 24, 2007: President Geoffroy announces the
decision
to adopt the Resource Management Model, and assigns responsibility
for developing and overseeing the implementation process
to Executive Vice President and Provost Betsy Hoffman.
- Jan. 22, 2007: President Geoffroy accepts the
January Report of the Budget Model Review and Implementation
Committee.
- Nov. 1, 2006: Geoffroy accepts the
October Report of the Budget Model Review and Implementation Committee
and asks for advice from his cabinet members, deans, the Faculty Senate
and the Professional and Scientific Council by Jan. 18, 2007.
- July to Oct. 2, 2006: Comment period during which feedback
is solicited from all interested persons on the concept
of the budget model recommended in the Fourth Report
of the Budget Model Development Committee.
- July 17, 2006: Geoffroy names a
new committee that will coordinate the university-wide review of
a new budget model for Iowa State and develop plans for implementing
the model.
- July 7, 2006: Geoffroy accepts the
Fourth Report of the budget model committee and calls for review
and refinement of the model recommended in the report.
- May 2006: The Budget Model Development Committee provides
updates on its work to resolve key challenges in the third
report and describes budget development work planned for the summer.
- March 2006:
Two budget model options are included in the
third report of the budget model committee.
- February 2006: In a Feb. 13 forum, members of the campus community
comment on the second report of the budget model committee.
- January 2006: The
second report of the budget model committee is issued.
- November 2005: An
open forum to gather input on developing a new
budget model draws about 55 faculty and staff.
- October 2005: The
first report of the Budget Model Development
Committee is issued.
- August 2005: A
campus study group begins considering alternative
budget models that would stimulate progress on the university's new
strategic plan, encourage multi-year planning, respond to student
enrollment patterns and offer more flexibility.
- May 2005: Budget leaders ponder alternative budget
systems during a
May 26 symposium, led by a Virginia-based consulting firm,
Campus Strategies.
(Symposium presentations.)
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