About Budget Matters
During the past year, TTU has moved toward greater clarity and transparency in budgeting through several initiatives (see below), as well as a set of open discussions regarding university budget matters. The Office of the Provost would like for the recent initiatives and discussions to continue in a forthright and transparent manner, prompting the development of this Budget Matters website, which is serving as a repository for papers, analyses, reports and other documents related to academic budgeting at Texas Tech University.
"Budget Matters: a New Website & Service for the TTU Academic Community"
This article published in All Things Texas Tech 3 (2) 2011, contains background on current university-level budget discussions, an overview of a recent university-level budget retreat, and a glimpse of future actions the university will take relative to academic budgeting. Read more
Budget Matters Comments Forum
If you have feedback or would like to begin a discussion concerning TTU Budget Matters, please submit your comments to the Budget Matters Comments Forum through the link provided below. By submitting feedback, you agree to have your comments posted on the Budget Matters website. Feedback will be reviewed prior to posting. All comments may not be posted. Unless you wish to have your name included, your comments will be posted as anonymous.
Budget Working Group
In July 2010, President Guy Bailey established the Texas Tech Budget Working Group (BWG). The purpose of the 40-person BWG, chaired by Provost Bob Smith, was to explore options for budget efficiencies, determine opportunities for revenue enhancements – including possible initiatives that may be vital to the long-term growth and development of the university, in order to offset possible reductions in general revenue funding, and keep the university community apprised of the group’s efforts, including the scheduling and support of college- and university-based forums and other presentations, along with written summaries.
Responsibility Center Management
The work of the Responsibility Center Management (RCM) Council builds on the efforts of two earlier groups. During the 2007-2008 academic year, the Efficiencies Task Force began discussing ways of achieving Texas Tech University's long term goals while delivering a quality education at an affordable price. In 2010, President Bailey charged the Revenue Enhancement and Allocation (REA) Task Force with studying the budget process and recommending transparent methods to increase revenue generation and changes to the way that resources are allocated within the university. The REA Task Force recommended that Texas Tech University adopt a form of Responsibility Center Management.
2011 Budget Retreat
On July 1, 2011, an all-day budget retreat that included Texas Tech University senior staff members and university deans was organized. The goals of the retreat were to emphasize the university's movement toward greater transparency in academic budgeting – transparency that should now also occur at the unit level; establishing the first steps of a phase-in of RCM budgeting; build common understanding across the collegiate and equivalent units; and share ideas and attendant discussions to help foster creativity and innovativeness in unit planning, including budget planning. The retreat consisted of presentations by the deans and others which are linked below.
*These areas are password protected and only accessible by the Texas Tech University community.