UNIVERSITY FINANCIAL MODEL

Overview

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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 current, incremental approach has served UK well for a long time, but in an era where nimbleness, flexibility and creativity must be exercised, the current model places too many decisions and resources centrally, rather than at the college and unit level.

Melody Flowers
Director, Financial Model Implementation
214C Main Building
University of Kentucky
Lexington, KY 40506
(859) 218-0973

Updated November 21, 2013 by Webmaster