The compensation package for faculty, staff, and administration make up 67% of the general fund budget and 61% of the University of Vermont's total operating budget. The University maintains a position management process that enables management of the number, type, and allocation of faculty, staff, and administrative positions.
The position (as opposed to individual employees who fill positions) forms the basis for authorizing, tracking and updating budget allocations to units across the campus.
Position Management is not used by formula funded units (such as the College of Medicine) as those budgets are defined on a revenue rather than expense basis.
Last modified December 15 2009 03:03 PM