Budget Optimization Initiative

Idaho State University’s Budget Optimization Initiative is a multi-year process led by the Budget Advisory Group to strategically balance Central University Fund revenues and expenditures. 

This initiative will be led with the same agile and iterative, collaborative, and principle-driven approach used to develop ISU’s new budget model. It will involve extensive involvement with all units and stakeholder groups as we garner the collective best thinking of the campus community.

Areas of Focus:

• Continued growth in enrollment and net tuition revenue
• Growing and leveraging other revenue sources in alignment with ISU’s strategic plan and academic and research plan
• Scaling successes and best practices University-wide
• Examining our scholarship and discounting practices
• Evaluating organizational and financial structures
• Focusing on efficiencies and effectiveness
• Expanding our data set and looking at benchmark data from peer institutions
• Budget reallocations and reductions based on established parameters and criteria

Timeline:

Recommendations will be brought to Leadership Council then Administrative Council for approval and will go into effect during the FY2025 and FY2026 budget cycles.

Review the background document link for more information about this initiative. 

Contact:

Jen Steele, Chief Fiscal Officer, jennifersteele@isu.edu, 208.282.4277