New Budget Model

For the 2013-14 fiscal year, the University implemented a new revenue-attribution budget model for determining budget allocations to Faculties at Queen's.  The Faculty of Arts and Science has decided to implement a new allocation model for determining department and program budgets, using many of the principles of revenue attribution and activity-based budgeting.  In the Fall of 2013, the Dean created an advisory committee comprised of Department Heads and Associate Deans to advise on the structure and mechanics for the new model.  A draft model was presented to the Committee of Departments and Faculty Board during April and May 2014 for feedback and suggestions.  A number of refinements have been proposed for consideration.  A working group, again comprised of Department Heads and Associate Deans, will meet during the summer to continue the development of the model and an implementation plan.  It is anticipated that an updated model will be presented in the Fall for final consultation.  It will likely take 3 to 5 years to transition to the new model, with the goal to take the first steps in the 2015-16 budget.