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The University of Kentucky is in the process of implementing a new financial budget model, one that reflects and strengthens our shared values and priorities. As a $2.7 billion enterprise, our institution is undoubtedly complex, but our goals are straightforward. We need a budget system that maximizes the ability of colleges, departments and units to make decisions on how best to serve our education, research and service missions. These goals drive our collaborative decision-making process, as we focus on placing more decisions where they should be: at the college and unit level. 

  • The new financial model is designed to be more transparent in regard to how resources are allocated at the University of Kentucky.
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  • The Finance and Operations team is committed to being a valuable resource by answering questions, providing assistance and ensuring accountability, quality and excellence, collaboration, coordination, and transparency.
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  • Embedded in this process is an important commitment to the community – consistent, constant and transparent communication about the development of the financial model.
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  • Our mission — to educate, conduct research and serve the Commonwealth — has not changed. But the way we are funded to do that critical work has.
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