(Oct. 23, 2017) -- UTSA President Taylor Eighmy today announced a third initiative to make UTSA San Antonio's university of the future. The President’s Initiative on Finance and Budget Modeling will create a strong foundation for UTSA’s fiscal health and lays the groundwork for the growth and innovation to come.
"Research intensive institutions have extraordinarily complex budgets that are influenced by a multitude of internal and external factors," said Eighmy. "Though some of these factors are outside of an institution's control, such as state appropriations, ensuring UTSA's financial trajectory positions us to best invest in our future."
Similar to the Student Success and Strategic Enrollment initiatives launched last week, Eighmy expressed an urgent need for this initiative, in an email sent today to UTSA faculty and staff.
"Sound financial practices are paramount to achieving institutional goals," he said.
The Finance and Budget Modeling Task Force will develop strategies to optimize UTSA's resources and identify opportunities to improve financial performance. Through a careful examination and adoption of best practices, the task force will explore possible new budget models, identifying those that will work best for UTSA and align to its mission, vision and institutional themes.
Eighmy encouraged the task force to prioritize budget models that are transparent and data-driven, and emphasize incentivizing strategic practices for revenue growth.
UTSA Vice President for Business Affairs Kathy Funk-Baxter will lead the Finance and Budget Modeling Initiative. She has 25 years of experience in financial management as well as proven leadership at UTSA and in multiple professional organizations.
The task force will begin with a deep dive into UTSA's current financial position and areas for greatest opportunity. To assist in the effort, UTSA has hired Huron, a leading higher education consulting firm that has partnered with the institution on a variety of projects.
"The time and energy that will go into this initiative is a direct investment in UTSA’s future and our march toward excellence," said Eighmy. "As we embark on this new chapter of thinking bigger, I am grateful to our students, faculty, staff and supporters for collectively owning UTSA’s success."
Learn more about the President's Initative on Finance & Budget Modeling.
Learn more about the President’s Initiative on Student Success.
Learn more about the President’s Initiative on Strategic Enrollment.
Read the October 3 email President Eighmy sent to the UTSA community about his vision for the future.
Connect with UTSA online at Facebook, Twitter, YouTube, Instagram and LinkedIn.
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Virtual EventCelebrate the accomplishments of College of Education and Human Development, College for Health, Community and Policy, College of Sciences and University College.
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AlamodomeThe University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.
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We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.
UTSA is a proud Hispanic Serving Institution (HSI) as designated by the U.S. Department of Education .
The University of Texas at San Antonio, a Hispanic Serving Institution situated in a global city that has been a crossroads of peoples and cultures for centuries, values diversity and inclusion in all aspects of university life. As an institution expressly founded to advance the education of Mexican Americans and other underserved communities, our university is committed to promoting access for all. UTSA, a premier public research university, fosters academic excellence through a community of dialogue, discovery and innovation that embraces the uniqueness of each voice.
