UF’s comprehensive evaluation of its budget model and process identified seven near-term modifications to enhance how the university allocates resources to units, missions, and strategic priorities. A shared governance committee named the Budget Enhancement Enactment Committee provided oversight for sub-committees charged with recommending designs for each of the seven modifications. None of the seven modifications directly impact University revenues or expenses in aggregate, but rather represent a change in methodology to increase transparency and understanding of UF’s budget.
| Modification | Reason for Modification |
| I. Create an all-funds model | The creation of an all-funds model allows the university to view standardized unit-level operating results, encapsulates all resources, illuminates allocations, elevates financial acumen, and ultimately informs optimal deployment. |
| II. Eliminate step-down costing | The elimination of cross-charges (step-down costing) between units who intentionally operate in a deficit reduces administrative burden and model complexity. |
| III. Build deferred maintenance strategy | The establishment of a university-wide approach to address deferred maintenance needs enables UF to mitigate operational, reputational, and financial risk more effectively in the long term. |
| IV. Review uses of state appropriations | The incorporation of an incentive-based element to state funding distributions further aligns UF to industry best practice while providing another lever to drive behavior toward priorities. |
| V. Clarify overhead assessments | The modified structure to assess university operating overhead to units enhances transparency into central costs and enable leaders to holistically evaluate unit performance. |
| VI. Strategic Funding Transparency | Increased transparency around strategic funding uses and the establishment of accountability mechanisms helps foster trust that resources are directed toward the highest and best use. |
| VII. Retool major capital governance | The adherence to a standard process, criteria, and the involvement of subject matter experts for major capital projects support equitable, data-driven evaluation of proposals and ensures long term risks are considered. |