Background

In 2022, FAU began a process to modernize the budget model that better aligns with the University’s strategic plan and goals. This effort is led by Stacy Volnick, Interim President / Chief Operating Officer and Vice President, Administrative Affairs and Jayson Iroff, Chief Financial Officer. FAU decided to undertake this effort to increase budget transparency and empower faculty and university leaders to advance the academic mission and student outcomes.

FAU is on a pathway to become the country’s fastest-improving public university yet currently operates with an incremental budget model. The current process and technology limits access to financial information that is key to make timely decisions. The University aims for a budget model that allocates resources transparently, creates a single source of truth, and enables continued investment in academic, research, and student success priorities.

Information on the project and decisions made to date can be found here.

The latest update provided to the Dean's Council can be found here.