University of Vermont

Incentive-based Budgeting (IBB)

Guiding Principles for IBB

as presented in memos from President Sullivan to Faculty and Staff

  1. Creates incentives that promote academic quality and excellence

  2. Creates incentives at all levels of the University that promote financial sustainability

  3. Encourages innovation and entrepreneurship throughout the University

  4. Provides transparency, clarity, and predictability

  5. Can be easily understood, is easy to implement and operate, and is flexible

  6. Can operate in all cycles of the economy, whether robust or downturn

  7. Fosters interdisciplinary scholarly and teaching activity

Last modified February 26 2015 07:40 AM