UVM's incentive-based budgeting (IBB) model allocates both revenues (such as tuition) and expenses (for general infrastructure and support such as the library or information technology) directly to the units that generate the revenue through a series of budget algorithms (some for allocating revenue, some for allocating expense). The IBB model applies only to the General Fund (Fund 100).
About UVM's IBB Model
- IBB 4.0 Manual (PDF) (UVM faculty/staff authentication required)
- IBB 3.0 Manual (PDF) (UVM faculty/staff authentication required)
- IBB 2.0 Manual (PDF) (UVM faculty/staff authentication required)
- IBB 1.0 Manual (PDF) (UVM faculty/staff authentication required)
- About Subvention (PDF)
- Common Misconceptions (PDF)
- 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
Reports & Data
All reports and data have been moved to a secure SharePoint site.
Model Development & Governance
UVM's IBB model went live in FY16. The IBB Steering Committee continues to meet to assess the model’s performance and impact. Metrics associated with the model are reviewed annually. The model underwent major review during FY20 with changes implemented in FY21.