Document Type

Article

Publication Date

10-3-2014

Academic Year

2015-2016

Topic

Budget Model

Abstract

As institutions recognize the limits of the typical incremental approach to budgeting, they are looking at new budget models designed to incentivize revenue growth, control costs, set performance targets, and invest in strategic priorities.

Beneath the confusing nomenclature of responsibility-centered management, activity-based budgeting, zero-based budgeting, and others is a set of 29 "budget model elements" specifying how revenues and costs are allocated.

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