What kinds of revenue will be addressed by the RCM process?
It’s true that much of the early discussion of a Responsibility Center Management (RCM) model has focused on revenue incentives, but the new approach will be comprehensive, affecting all units and accounting for all monies coming into the University (revenue) and the great variety of ways that money is spent (expenditures). Among the kinds of revenue are: • Money from the state (formula funding, HEAF and other appropriations) • Student tuition, fees, and payments for services • Grants and contracts; F&A • Gifts, endowment returns, other interest • Sales of services There are more opportunities for us to directly increase some types of revenue than others. For example, more upper-division students result in more formula funding, but the amount of other monies we receive from the state is determined by the legislature. Also, many of these revenues have restrictions on their use. Grants are for particular projects. Residence hall fees fund housing and dining operations. Using an RCM model
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- Did the GEO-4 report undergo a peer review process? How were comments from reviewers addressed in the drafting of the GEO-4?
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- What kinds of revenue will be addressed by the RCM process?
