Guiding Principles
The Budget Redesign Committee and deans developed a set of guiding principles, subsequently approved by the Chancellor, to guide the development of the updated budget model. These principles called for a model that:
- Fosters a culture that supports the collective success of IU Indianapolis and Indiana University.
- Supports the IU Indianapolis 2030 pillars of Student Success and Opportunity, Transformative Research and Creativity, and Service to Our State and Beyond by ensuring funding for mission-critical operations and strategic priorities.
- Uses a data-informed allocation process that promotes accountability and is easy to understand, explain, and maintain.
- Incentivizes collaboration across responsibility centers and the creation of new revenue streams aligned with the university’s mission.
- Rewards strategic use of resources and supports long-range planning.