President Frank Talks Budgets with Faculty

The UNM Fac­ulty Com­mit­tee on Gov­er­nance spon­sored a town hall style meet­ing with Pres­i­dent Robert Frank on Fri­day, Oct. 19, 2012 to dis­cuss a new bud­get­ing process. Frank and UNM Provost Chaouki Abdal­lah are imple­ment­ing a Respon­si­bil­ity Cen­ter Man­age­ment (RCM) bud­get­ing process for the university.

Frank explains the process here.

Runs: 1:37:04

Frank empha­sized that the new bud­get­ing process will be imple­mented over time. He told the fac­ulty that the new RCM process will be run beside the nor­mal bud­get­ing process for at least the next year, in order to give aca­d­e­mic depart­ments time to learn how to use the bud­get­ing process to bet­ter sup­port their impor­tant activ­i­ties. About 100 fac­ulty mem­bers attended the town hall meeting.