Multi-year Transition Into New Budget Model

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FY 2018

  • Shadow year
  • No RCM implementation
  • Strategic Investment Fund at $10 million (80% from schools, 20% from central)
Fiscal Year 2018 (Oct. 1, 2017 - Sept. 30, 2018)
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FY 2019

  • 95% of FY18 (historic) base of state, tuition, IER
  • RCM on 5% of historic base plus state, tuition and IER funding increment
  • Strategic Investment Fund at $10 million off the top
Fiscal Year 2019 (Oct. 1, 2018 - Sept. 30, 2019)
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FY 2020

  • 85% of historic base
  • RCM on 15% of historic base plus state, tuition and IER funding increment
  • Strategic Investment Fund adds $2 million off the top, if sufficient incremental funds
  • Last quarter of FY2020: Formal evaluation to determine post-FY2021 three-year plan
Fiscal Year 2020 (Oct. 1, 2019 - Sept. 30, 2020)
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FY 2021

  • 70% of historic base
  • RCM on 30% of historic base plus state, tuition and IER funding increment
  • Strategic Investment Fund adds $2 million off the top, if sufficient incremental funds
Fiscal Year 2021 (Oct. 1, 2020 - Sept. 30, 2021)