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School of Engineering and Design

University of Bridgeport. School of Engineering and Design. A simple merit based model for budget allocation. Assuming: A current year total UB income = $ X A specific school income ( for example SED income ) = $ Y

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School of Engineering and Design

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  1. University of Bridgeport School of Engineering and Design A simple merit based model for budget allocation

  2. Assuming: • A current year total UB income = $ X • A specific school income ( for example SED income ) = $ Y • A % of allocated budget for Academic affairs (salaries and operational cost) = Z% • A contingency fund (to be saved) = $ K • The budget to be allocated to a school in the following year = $ F • ð F = Y* Z (X - K) • X • The available UB budget (X - K) would be allocated to schools proportionally (Y/X) based on the school’s contribution to UB’s income ( after adjusting for administrative costs )

  3. ZY ------------------------------------------------------------------------------------------------- 0 K

  4. A Hypothetical Example • Assume: • A total UB income in year 2000 –2001 of $ 30 million. • (X= $ 30 million) • 60% of budget is to be allocated for academic operations, 40% • for administrative costs. ( school’s salaries and operational • budget)(Z=0.6) • $ 1.5 million contingency funds. (K= $ 1.5 million) • A specific school generated income (undergraduate income is • adjusted to be based on class-label, not major of students) • = $ 2.5 million.(Y= $ 2.5 million) • ð   School budget for following year= F • ð   F=2.5 * 0.6 * (30 – 1.5) = $ 1.425 million • 30 • ð   F = $ 1.425 million

  5. ZY = $ 1.5m ----------------------------------------------------------------------------------------------------------------------------- ( Z * (Y – K) = 0.3 , Y = 2.5 ) K=1.5

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