RCM is a budget allocation model. The University adopted this budget model beginning July 1, 2009 so that resources will flow to areas experiencing growth and encourage entrepreneurial activities, such as new programs or services, enabling us to provide higher quality services.
RCM fosters net budget growth and this is accomplished by either growing revenues or reducing expenses. All employees, regardless of department, need to contribute to the overarching goals of the university. RCM will help improve the quality of the university in that budget dollars will be more readily available to invest in the academic mission.
In this website you will find a section on RCM resources. In this section you will find where you can locate financial and enrollment information.
The actual revenue earned by the responsibility center is a formula that considers multiple revenue streams and a two-year average for both tuition and state share of instruction. The RCM manual provides details on how revenue is calculated.
To help determine revenue that a new course will earn, a tool has been developed. You will be required to estimate the potential enrollment and the tool will calculate a “break-even” analysis.
Colleges will be given updates on their actual revenues periodically throughout the academic year.
All suggestions can be sent directly to Wayne Schneider, Director, RPIE (phone: 330-672-8225 or email@example.com) or on the home page of this website.
The University is expected to operate according to this model for the foreseeable future. The RCM budget process will be continually reviewed by the Executive Officers and by FaSBAC.
The 80%/20% split refers to how revenues are distributed. 80% of the revenues are based upon the course that the student is taking. 20% of the revenues are distributed to the students’ major. For a more detailed explanation please click here.
The preliminary budgets are based upon enrollment projections from each of the colleges. These enrollment projections are the foundation for building the budget.