Budget Model

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Vice President for Administration and Finance
Strategic Initiatives
Budget Model

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.

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.

The Budget Model Review Team

Budget Model Core Team

Richard Linton, president
Debbie Mercer, interim provost and executive vice president and dean of the College of Education
Marshall Stewart, senior vice president for executive affairs, university engagement and partnerships, and chief of staff
Ethan Erickson, vice president for administration and finance
David Rosowsky, vice president for research
Matt O’Keefe, dean of the Carl R. Ice College of Engineering
Alysia Starkey, dean and chief executive officer of K-State Salina

Steering Committee
The steering committee will work closely with the consulting partner and be instrumental in developing recommendations for adjustments to the budget model. Members include:

Co-Chairs:

Ethan Erickson, vice president for administration and finance
Matt O'Keefe, dean of the Carl R. Ice College of Engineering

Committee Members:

Chris Culbertson, dean of the College of Arts and Sciences
Brad Behnke, interim dean of the College of Health and Human Sciences
Windy Nicholson, executive director of student health and well-being services
Susan Metzger, director of strategic interdisciplinary program development; director of Kansas Center for Agricultural Resources and the Environment and the Kansas Water Resources Institute
Hans Coetzee, associate dean for research and graduate programs
Alysia Starkey, dean and chief executive officer of K-State Salina
Gabe Roberts, representative for the Student Governing Association
Andy Bennett, professor and head of the department of mathematics, representative for Faculty Senate

Ex-Officios:

Eric Higgins, professor for the College of Business Administration
Becca Zecha, assistant vice president for university and shared services budget planning
Stephanie McDowell, associate director of Budget Office
Shannon Fox, budget/fiscal officer for the College of Education

Project Timeline

Onsite kickoff with Huron, data collection

December 2023

Onsite and virtual stakeholder sessions

January 2024

14 of 31 stakeholder sessions have taken place. Remaining sessions will relaunch in fall 2024.

Relaunch onsite and virtual stakeholder sessions

August 2024

Huron data presentation and training

TBD

Huron presents comprehensive inventory of enhancements and training opportunities.

Huron presents implementation roadmap

TBD

Summarized recommendations for budget model implementation will be presented to the review team.

Finalize model recommendations & design training materials

TBD

Finalize model recommendations and training resources will be presented and designed with Budget Office staff.

Build model, communicate plan

TBD

Resources and implementation of the new budget model will be communicated to impacted campus partners.

Begin shadow model

TBD

Communications Recap

Timeline extended for budget model review, March 1, 2024
New budget model: Seeking feedback via survey, Jan. 26, 2024
Launching review of the university’s budget model, Nov. 7, 2023

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