Learn how you can customize, make key decisions, and cultivate ownership of a responsibility center management (RCM) budgeting model on your campus. Larry Goldstein will walk you through critical aspects of RCM so you can better:
Establish levels of decision making
Train your non-financial constituents
Gain buy-in and ownership
Strategize your roll-out plan
“This explanation and presentation of the RCM budget model was enlightening and very reassuring that our Task Force is on the right track with modifying our current budget program. We also realized throughout the presentation that CSULA has utilized several RCM principles over the past few years.” – Troy Allen, Director of Strategic Planning & Quality Improvement, CSULA
Who should attend?
The audience for this program includes all higher education finance and budget officers who are considering a transition to, or who are interested in learning more about, this budget model. Chief financial officers, vice presidents and assistant vice presidents for finance and administration or finance and business operations are all encouraged to attend.
Agenda
Scalability and Customization of RCM
Defining the RCM continuum
Examples of RCM models within the continuum
Keys to scaling your institution’s RCM model
Key Decisions for RCM
Revenue categories and cost pools
Tuition complexities
Administrative expenses
State appropriation and taxation
Cultivating ownership for RCM
Clearly defining decision making levels
Structuring your task force and committees
Bringing in financial expertise and training
Using forums to clarify decisions
Phasing your roll-out and considerations for implementation
