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Budget Allocation Model Overview

In August 2019, Chancellor Plowman assembled a group of faculty and staff to begin redesigning our budget model.

Senior Vice Chancellor for Finance and Administration Chris Cimino and Dean of the Haslam College of Business Steve Mangum are serving as co-chairs of the steering committee. This committee has examined the University’s current approach to resource allocation and developed a set of recommendations for a new resource management, allocation and planning process. Chancellor Plowman has approved these recommendations. The New Budget Allocation Model will achieve the following goals:

  • Align resources with strategic priorities
  • Create greater transparency and accountability
  • Give units more control over their own budgets

Project activities were paused in the spring of 2020 due to redirection of efforts in support of COVID-19 mitigation. The Steering Committee was reengaged by Chancellor Plowman on January 13, 2021. Subcommittees have been formed to address the governance structure, budget allocation model policies and development of reporting and training materials. Recommendations for governance committee structure and policy drafts will be submitted to the Chancellor by May 1, 2021.

Chancellor Plowman’s Memorandum

July 25, 2019

Download Budget Model Steering Committee PDF