Dear Colleagues,
We are excited to share an update on the Budget Modernization Initiative including the work planned through the remainder of this fiscal year.
The university has made significant progress towards developing a new budget model. We remain on track to run the model for a year in parallel with our current budget model (the “shadow year”) beginning July 1, the start of FY26.
Since the start of fall semester, the Budget Modernization Planning Advisory Council (“PAC”) has worked with Kennedy and Company consultants to build a model prototype through data mapping and analysis of key questions identified by the working groups. This work was undertaken by four subcommittees of the PAC aligned with the focus areas of the planning work groups, which are: 1) Strategic Initiatives; 2) Academic Unit and Central Services; 3) Tuition, Fees, and State Appropriation; and 4) Research and Creative Activity.
These groups made recommendations related to the focus areas, which were shared with Kennedy, the PAC and executive leadership to inform the development of the testing model.
In February, we will complete the budget model prototype. In March, deans will be provided with the first college-specific data from the prototype, which will help them identify specific questions and process changes that may be necessary for colleges and units. In April, we will hold town hall sessions for the university community to introduce the budget model, field and respond to questions and seek feedback on the model. Detailed information about these sessions will be shared with campus later this spring. The PAC will be making final adjustments to the prototype in May and June in preparation for the launch of the shadow year.
Over the course of the shadow year, we will continue to gather feedback and consider additional adjustments to the model before full implementation in FY27.
Thank you for your continued engagement in this process. We look forward to seeing you during the spring listening sessions.
Sincerely,
John Buckwalter, Provost and Vice President for Academic Affairs
Alicia Estey, Vice President and Chief Financial and Operations Officer
Zeynep Hansen, Vice Provost for Academic Planning and Institutional Effectiveness
Chris Johnson, Associate Vice President for Budget and Planning
For the most up-to-date information on this initiative, please visit the Budget Modernization Initiative website. The resources and documentation folder will continue to be updated regularly, and questions are always welcome at budgetmodernization@boisestate.edu.