RCM Basics - The University of Arizona

RCM Basics - The University of Arizona

UNIVERSITY OF ARIZONA COLLEGE OF ENGINEERING Responsibility Centered Management (RCM): A New Budget Model Lisa N. Rulney Assistant Dean,

Finance & Administration [email protected] .edu COLLEGE OF ENGINEERING RCM Basics How is an RCM budget different than the current budget system? Incremental Activity Based Budgeting Revenue associated with tuition flows to colleges Expenses associated with activity flows to colleges

COLLEGE OF ENGINEERING Has RCM worked at other institutions? Penn is credited with being the first institution to adopt RCM in 1974 COLLEGE OF ENGINEERING What is an RCU? Responsibility Center Units are either: Revenue Units or Service Center Units Revenue Units Colleges

Auxiliary Units COLLEGE OF ENGINEERING What is an RCU? Responsibility Center Units are either: Revenue Units or Service Center Units Service Center Units Research and Public Service Administration & Institutional Support Student Support Facilities

COLLEGE OF ENGINEERING Components of an RCM Model Revenue Tuition Revenue Undergraduate Graduate Differential Tuition Program Fees Summer Session Outreach College State Appropriation Revenue associated with

Sponsored Activity: Indirect Cost Return COLLEGE OF ENGINEERING Components of an RCM Model Expenses Cost Associated with Sponsored Activity Sponsored Projects Services Office of Research and Contract Analysis Research Compliance Units Cost Associated with Space

Facilities Management COLLEGE OF ENGINEERING Expense Components continued: Costs associated with Administration & Institutional Support Administration Presidents Office Academic Affairs & Provost University Information and Technology Services (UITS) Human Resources University Libraries

Business Affairs (Non-Facility Related) Arizona Health Sciences Center (Administration) Distributed Education (Outreach, UA South) Institutional Support University Insurance Bank Fees Strategic Investment Fund

COLLEGE OF ENGINEERING Expense Allocation Methods: Assessment Based Allocation Revenue Based Allocation Expenditure Based Allocation COLLEGE OF ENGINEERING Frequently Asked Questions about RCM Will RCM create efficiency? How much revenue will we receive? How much will we be taxed?

How will RCM be implemented by colleges? What is the formula? COLLEGE OF ENGINEERING To Implement or Not? Is the state cutting the budget? Is enrollment decreasing? Are you implementing new enterprise-wide systems? Do you have accurate data? COLLEGE OF ENGINEERING Advice for Success

Learn from the Past Research recommendations from other institutions experience Avoid Groupthink Communicate, Communicate, Communicate Seek External Advice Timing COLLEGE OF ENGINEERING RCM Guiding Principles Strategic Plan

Incentives Negative Outcomes Balance Transparency Matching Simplicity Predictability Adaptability Central Funds Investment Data Risk Communication

Leadership Governance http://rcm.arizona.edu/sites/rcm2/files/rcm_guiding_principles_3-8-2013_0.pdf COLLEGE OF ENGINEERING How can we prepare for RCM? Key to Success: Alignment of skills with job responsibilities Know Your Data!

Academic Research Space Training Remember the components of the model: Tuition (All Types) State Appropriation Revenue associated with

Sponsored Activity Cost associated with Sponsored Activity Cost associated with Space Cost associated with Administration, Institutional Support, and Strategic Investments COLLEGE OF ENGINEERING Resources http://rcm.arizona.edu/ http://rcm.arizona.edu/questions-comments

Responsibility Center Management, A Guide to Balancing Academic Entrepreneurship with Fiscal Responsibility John R. Curry, Andrew L. Laws, Jon C. Strauss COLLEGE OF ENGINEERING Questions?

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