Budget Model

CU Boulder is launching a redesign of its budget model.

Campus stakeholders, including faculty, students, staff and administrators, will be engaged in the design and implementation of a model that serves as a tool for accomplishing our mission as a comprehensive public teaching and research university.

Budget 101

Curious about the campus budget? Whether you are new to CU or have been a member of the community for years, we invite you to learn about CU’s sources of funding, its commitment to affordability and the budget model redesign project currently underway in this short video.

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Budget Model Redesign Phases

A phased approach will be taken toward achievement of project goals.

Diagnostic

Phase 1

"Alignment analysis" between guiding principles and current state across:
- Stakeholder interview themes
- Funds flows and incentives
Context on historical allocations, including benchmarking
Determine Design Committee membership and distribute invitations

Solution Design

Phase 2

Determine organizational structure of the budget model
Collect data and build actuals model
Review decision points with the Strategic Alignment Committee (SAC)
Further define model based upon SAC decisions
Customize budget model
Continue campus engagement

Implementation

Phase 3

Determine if changes are needed to university budget processes and long-term governance
Define governance roles and responsibilities
Build budget templates or tools
Training for university stakeholders

We are currently in phase 2, called Solution Design, of the Budget Model Redesign.

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