FY 2016 RBB Model Changes to the FY 2015 RBB Model

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Presentation transcript:

FY 2016 RBB Model Changes to the FY 2015 RBB Model Executive Offices are no longer funded as a strategic initiative; they are funded as an allocated cost Subcontracts were removed from the calculation of algorithm 1C, as well as the allocation of algorithm 7 expenses. The amount of 1C remains capped at FY 2015 Budget In FY 2016 any Central University Wide revenue growth, exclusive of tuition, will be funneled to a Provost fund to support strategic priorities All units will be charged space, including central departments Space is charged on a strictly cost per square foot basis Subvention was adjusted based on a sliding scale of subvention as a % of allocated revenue: 40%...subvention reduction of 4% 30%...subvention reduction of 3% 15%...subvention reduction of 2% <15%...no subvention reduction ***This is an interim model for FY 2016. Discussions continue to determine the best path forward for FY 2017 and beyond.