GENERAL EDUCATION FUNDING ONLY
VANDAL HYBRID BUDGET MODEL Fiscal Year 2024 | Start date - July 1, 2023
Permanent Base Funding Calculated on
9,500 students
UNIVERSITY OPERATIONS
CENTRAL AND FIXED COSTS
CAT. 1
CAT. 2
CAT. 3
University Advancement
President’s Office
Athletics
(Growth funded by increasing endowment and gifts)
Division of Finance and Administration
Division of Research and Economic Development
Growth Self Funded
PROVOST OFFICE
CAT. 4
CAT. 5
Financial Aid
Non-Instruction
Instruction
Information Technology Services
Utilities
Strategic Enrollment Management
University Communications and Marketing
Savings Account Reserves
Student Affairs
Expand and Contract based on % of Operating [80%] Span of Control and Collaboration [20%]
Incremental Model
Library
Expand and Contract based on 3-year rolling average enrollment
Strategic Funding
11,000 STUDENTS Self-Sustaining Model
Base Funding
10,250 STUDENTS 9,500 STUDENTS
Performance Driven Funding • CONTRIBUTION MARGIN • STUDENT CREDIT HOURS • DEGREE COMPLETIONS • ENROLLMENT
EXAMPLE
ENROLLMENT INCREASE
AUXILIARY SERVICES
Colleges
FY22 = 100% FY23 = 90% FY24 = 90% FY25 = 90%
} } Phased in Implementation
EXAMPLE
FY22 = Strategic Funding FY23 = 10% FY24 = 10% FY25 = 10%
Growth Through Performance Achievement