Incentivized Resource Management (IRM)
President Eighmy on Incentivized Resource Management
President Eighmy shares his thoughts regarding the impact of IRM at UTSA.
New IRM Documents Available:
- IRM Budget Model Overview (updated April 2020): The guidelines provide an overview of the model concepts, structure, activity drivers and flow of funds. This guideline document will continue to be updated as we move forward under this new budget structure. We plan to expand on concepts to provide clarity where needed.
- FY2020 IRM Budget Book: The FY2020 IRM Budget Book includes the FY2020 IRM Budget at a summary level as well as the detailed pages for Academic Revenue Units, Auxiliary Revenue Units and Support Units which are defined in the our IRM budget structure and discussed in the IRM Budget Model Overview.
The University of Texas at San Antonio is adopting a new budgeting approach that is highly customized for the needs of the university. Called Incentivized Resource Management (IRM), it provides increased transparency into budgetary decisions that impact the university's ability to meet its goals.
- Collaborative approaches to resource planning that occur throughout the year
- Integrated conversations for academic planning and financial management
- Longer term outlook that plans for the next three to five years
- Regular data-driven review of unit-level financial performance
- Broader scope for stakeholder groups to inform budgetary decisions in a coordinated way
- Formal communication that links central investments to university-wide strategic priorities