We will meet with anyone, anytime, anywhere to discuss IBB. Contact Alberto Citarella to schedule a meeting.
As we move into Year 3 (FY18), as planned, we will undertake an exercise (starting in December 2017) to develop IBB 2.0 –which may include modifications to elements of the original model and/or new elements. As with the development of the model, this effort will be coordinated by a campus-wide Steering Committee of approximately two dozen faculty and staff, including some from the original Steering Committee. It is expected that the work of the Steering Committee will engage many more faculty and staff through task committees, and will complete its work by December 2018. Once again, the Steering Committee will present its recommendations to President Sullivan for his review and approval, with IBB 2.0 becoming effective July 2019 (the start of FY20). As has become customary, both the processes and the recommendations will be fully transparent. We will continue to use the IBB website to post and archive all information relative to the development, implementation, and adaptation of the University’s budget model.
Information for Students
- Vermont Cynic - Letter to the Editor from Provost Rosowsky - April 7, 2016
- Information for Students about IBB at UVM - November 4, 2015
IBB 1.0 Final Report
- IBB Final Report - January 29, 2015
- IBB Preliminary Final Report Feedback - October 8, 2014
- President Sullivan's Response to the IBB Preliminary Final Report - July 9, 2014
- IBB Preliminary Final Report - June 30, 2014
The Origin of IBB at UVM
In academic year 2012-13, the University community engaged in a discussion about the characteristics and operation of its existing budget model. Those discussions included governance leaders, Trustees, academic and administrative business managers, members of the Faculty Senate, and other constituents. There was uniform agreement on the model’s problems: lack of transparency, undue complexity, little flexibility, and few incentives.
President Sullivan asked Provost David Rosowsky, in his role as UVM’s Chief Budget Officer, to lead the effort to develop a new incentive-based budget (IBB) model for the University. The Provost chaired the IBB Steering Committee that was responsible for the final recommendations that were made to the President on the design and methodology of an overall incentive-based budget model for the University of Vermont. The IBB model was developed in FY14. Its performance was monitored in FY15 –the parallel year – during which the old model remained in place. The UVM IBB model went live in FY16.
The development, implementation and continuing assessment of the Incentive-based Budget Model will be guided by the Academic Excellence Goals for the University of Vermont and the following principles:
- Creates incentives that promote academic quality and excellence
- Creates incentives at all levels of the University that promote financial sustainability
- Encourages innovation and entrepreneurship throughout the University
- Provides transparency, clarity, and predictability
- Can be easily understood, is easy to implement and operate, and is flexible
- Can operate in all cycles of the economy, whether robust or downturn
- Fosters interdisciplinary scholarly and teaching activity
Last modified July 20 2017 08:46 AM