Implement an Incentivized Resource Management (IRM) Budget Model
Charge
The Finance and Budget Modeling Task Force will create a new budget model that is transparent, data-driven, supports entrepreneurship and innovation, and aligns resources needed for our strategic mission, vision and themes. In addition to assessing our current financial practices, this task force will develop strategies to optimize our financial resources and our expenditures by adopting best financial practices.
- Budget Model Panel Discussion
June 26, 2018
- Frequently Asked Questions about the Finance & Budget Modeling Initiative
April 2018 - Finance and Budget Modeling Town Hall Presentation
March 27 & 28, 2018
- Finance and Budget Modeling Task Force Launched in mid-October 2017
- Huron Consulting Group Phase I - Due Diligence with Financial Diagnostic
- Steering Committee established (January 2018)
- Huron Consulting Group Phase II – Budget Model Development
- Model Vision Development (January 2018)
- Model Structure Development (January – February 2018)
- Pro Forma Model Development (February – March 2018)
- Scenario Testing and Sensitivity Analysis (Late March 2018)
- Town Halls
Tuesday, March 27 | 1:30 – 3:00 p.m. | Retama Auditorium, UC 2.02.02 | Main Campus
Wednesday, March 28 | 3:00 – 4:30 p.m. | Frio Street Building, FS 1.512 | Downtown Campus
- Huron Consulting Group Phase III – Stakeholder Engagement
- Deans Model Orientation and Review (April 2018)
- Department Chair Meetings (Mid/Late April – May 2018)
- Additional Stakeholder Engagement: Budget Model Panel Discussion (June 26, 2018)
- Ongoing Model Refinement (April – June 2018)
- Budget Model Training (June or July 2018)
- Deans Retreat (July 16, 2018)
Subsequent phases will be launched as needed.
Strategic Plan Midpoint Update (Fall 2022)
With the assistance of Huron Consulting, UTSA launched a Finance and Budget Modeling Task Force Launched in mid-October 2017. Between 2017 and 2019, this group engaged in a multi-phased information-gathering process with UTSA stakeholders resulting in the development of a new Incentivized Resource Management (IRM) Budget Model. Replacing UTSA’s previous incremental based budget model, IRM provides increased transparency and the use of date regarding budgetary decisions that support the university’s ability to meet its strategic goals.
Under the leadership of Veronica Salazar, Chief Financial Officer and Senior Vice President for Business Affairs, UTSA’s Office of Budget and Financial Planning oversees the operation of the university’s annual budget process using a shared governance approach. An overview of the model can be found here.
Necessary accommodations were made to our budget planning in response to the pandemic. To best position UTSA for a sound financial future, UTSA adopted a proactive approach to managing our resources. Actions taken for fiscal year 2020—in tandem with conservative planning for fiscal year 2021—helped prepare for the uncertain economic times to come.
This Initiative Supports Strategic Destinations
Destination Three: Exemplar for Strategic Growth and Innovative Excellence
