Participatory Budgeting

Main Objectives:

  • Increase transparency in budget decision allocations by collecting input from peers and advising on fiscal matters.
  • Empower faculty and staff in financial decision-making by developing priorities set by faculty to review and decide on supplemental funding/decision requests.
  • Align budget with strategic goals and priorities through advancing the organization in an impactful way.
  • Foster a collaborative and inclusive environment by creating opportunities for everyone to connect, communicate, share ideas and contribute their unique skills and perspectives.

Participatory Budgeting Process:

  • Proposal Submission: Faculty and staff submit budget proposals.
  • Review and Evaluation: Proposals reviewed by the Faculty Budget Committee.
  • Voting: Faculty and staff vote on prioritized proposals.
  • Implementation: Approved projects are funded and implemented.
  • Feedback and Evaluation: Continuous assessment and feedback loop.

PB Budget Timeline

Academic Year 2024-2025:

  • Q2: Fall
    • Faculty Budget Committee Introduction
    • Development of academic year work plan
    • Review of financial information/data, materials, and resources
    • Budget planning system opens
    • Design and launch and participatory budget request for proposals
  • Q3: Winter
    • Academic Affairs divisional budget plans submission
    • Participatory budget proposal review and evaluation
    • Faculty Budget Committee voting and recommendations of proposals
    • Budget planning system closes
  • Q4: Spring
    • Executive Academic Affairs Cabinet and Faculty Budget Committee briefing on budget submissions
    • Funding announcement of awards
    • Assessment of the academic year work plan and participatory budgeting process