|
Performance Based Budgeting
NSU implemented a
performance-based budgeting system in 1998. Performance-based
budget systems depict projected accomplishments for each dollar
spent and enable institutional decision-makers to make comparisons
to standard benchmarks, best practices, and/or other similar
educational institutions.
NSU's performance-based budget system
facilitates integration of performance planning with the budget
process, providing an effective management tool for administrative
decision making and ensuring a direct association between institutional
mission and vision, budgeting, planning, and institutional assessment.
The system not only informs the resource allocation decisions
that are an integral part of the budget process, but reveals
through its implementation an approximation of how budget allocations
are translated into results.
NSU has continued to refine the
system since its inception. Projected enhancement of system
capacity will enable administrative decision-makers to assess
budget activity by program area, evaluate how dollars fund day-to-day
tasks and activities, how these activities are expected to generate
certain outputs, and what outcomes should then be the result.
|