Re-Imagining the CMU Budget Model
Higher education has changed significantly over the past two decades. Institutions expanded programs and facilities with significant enrollment increases from the millennial generation and need to continue to adjust accordingly for smaller generations of students, now and in the future. Technological change, modalities of teaching and learning, geographic barriers to access, and non-traditional educational providers entering the education market are just a small sample of pressures facing higher education. Societal, student, and market needs are constantly changing, which requires higher education to be nimble moving forward.
During the prior fiscal year, we reviewed historical information, financial data, related universities policies and practices, budget models at other similar institutions, and engaged the campus community through working groups focused on the following areas: academics, research, administrative, operational and student support, and auxiliary functions. Throughout the fall semester, we reviewed options for revenue, expense, and cost allocation methodologies. In the spring semester, CMU will design the model and use it in the creation of the FY 2023-2024 operating budget.
The new budget model will facilitate a strong financial future for CMU, both in the near-term and long-term. The new budget model will be the foundation that supports CMU’s transition to all funds-budgeting and will include a sound resource allocation methodology that reflects CMU as we see it today, while also allowing flexibility to adapt with future changes in higher education.
Executive sponsors
- Mary Hill, Chief Financial Officer – Vice President for Finance and Administrative Services*
- Jennifer DeHaemers, Vice President – Student Recruitment and Retention
- Nancy Mathews, Executive Vice President/Provost – Academic Division
- Renee Watson, Vice President – Student Affairs
Steering committee
- Ray Christie, Senior Vice Provost – Academic Administration*
- Jennifer Cotter, Executive Director of Advancement and Campaigns
- Mary Jane Flanagan, Chief of Staff to the President – Office of the President
- Joe Garrison, Executive Director – Financial Planning and Budgets*^
- Paula Lancaster, Dean – College of Education and Human Services
- Chris Moberg, Dean – College of Business Administration
- Lori Olsen, Faculty/Department Chair – Management*
- Kim Rademacher, Director/Business Operations – Auxiliary Services
- Robert Roe, Executive Director – Academic Planning and Analysis
- Stan Shingles, Assistant Vice President – Student Affairs
- Chris Tycner, Associate Dean – College of Science and Engineering
- Jonathan Webb, Associate Vice President – Facilities Management
^ denotes CMU internal project leader
Tactical working group
- Carrie Appold, Manager/Business Services – College of Health Professions
- Brian Bell, Director – Student Account Services and University Billing
- Nel Boose, Director/Enrollment & Financial Operations – College of Education and Human Services
- Joe Garrison, Executive Director – Financial Planning and Budgets
- John Gawryk, Manager/Financial Services – Facilities Management
- Linda Gould, Senior Budget Analyst – Financial Planning and Budgets
- Heather Jones, Associate Director/Administrative Services – Office of Information Technology
- Julie Lyon, Senior Budget Analyst – Financial Planning and Budgets
- Kasie Natzel, Director/Operations and Budget – University Advancement
- Hillary Pierce, Assistant Manager – Accounting Services
- Kim Rademacher, Director/Business Operations – Auxiliary Services
- Julie Reynolds, Assistant Director/Budget and Business Services – Student Recruitment and Retention/Student Affairs