Budget Model Review

Budget Model Review Objectives

The review of our current budget model aligns appropriately with the launch of the strategic plan that emphasizes K-State becoming the next-generation land-grant university. It is imperative to have a stronger link to the budget model and resource allocation to support and progress towards achieving the goals within the plan. Through this review the university will be analyzing all funds and methodologies to ensure proper alignment to the strategic plan. Please send any questions to budget@k-state.edu.

Budget Review Methodology

The university selected Huron Consulting Group to assist with this effort. In coordination with the University Budget Office they will guide a review team of university stakeholders in the following:

• Model research including best practices from other institutions
• Stakeholder engagement
  • Interviews will be conducted with key stakeholders, including college, departmental and administrative leadership, faculty/staff/student senates, include open forums or other group feedback sessions, and may include additional survey instruments.
• Utilizing prior feedback gathered from strategic planning will inform additional discussion and data collection.

Based on all the information collected above, the review team will develop a gap analysis of the university’s existing budget model and make recommendations for improvements.

Project Oversight Structure

A review team and steering committee have been established to lead the review process. The Core Budget Model Review Team will provide project oversight and determine key decisions affecting the overall design of the model. The consulting partner and review team will assess RCM and other financial management practices of KSU’s peer and aspirational institutions from which to benchmark budget model practices.

Project Timeline

If you would like to learn more about the current model and the effort that lead to its development: Review the previous Budget Modernization Project