Sarah Geegan

Weekly E-newsletter on UK Financial Model

Published: Dec 6, 2013

LEXINGTON, Ky. (Dec. 6, 2013) In a commitment to keep the University of Kentucky community informed and engaged in the process of transitioning to a new financial model, UK Provost Christine Riordan and Executive Vice President for Financial Affairs Eric Monday issued the latest newsletter with updates on the financial model. 

 

The e-newsletter was distributed Thursday, Dec. 5.  Following is the full message:

 

 

Dear Colleagues,

 

As we continue our conversations with groups across campus about the values-based financial model, we are sensitive to the questions and concerns being raised. So, over the next few weeks, in addition to updating our financial model website's frequently asked questions (http://www.uky.edu/Provost/FinancialModel/), we wanted to take the opportunity to delve more deeply into some of the fundamental aspects of the model.

 

The goal of the new financial model is to create a more consistent and transparent flow of resources throughout the university. To do that, the values-based financial model is an "all-funds" model. Every aspect of our university's budget -- about $2.7 billion -- will be included.

 

There are several sources of revenue that help fund our operations:

  • State appropriations from the Commonwealth
  • Tuition dollars assessed to our students
  • Grants and contracts and the associated Facilities and Administrative Costs
  • Fees
  • Gifts
  • Endowment income
  • Sales and service
  • Clinical revenue

To reflect revenue generation and the all-encompassing nature of the model, every unit has been classified as either a:

 

  • Revenue Generating Unit (RGUs such as colleges and centers);
  • Support and Resource Unit (SRUs such as enrollment management, human resources and libraries); or
  • Primary auxiliary or self-supporting unit that already lives within the resources generated (such as UK HealthCare, UK Athletics, housing, dining or parking)

 

In upcoming newsletters, we will describe how we propose each source of revenue would be treated in the financial model with the goal of maximizing their use on behalf of our missions of education, research, service and healthcare at the University of Kentucky.

 

How we use the model to accomplish that goal is what we will discuss more fully in the coming weeks and months. In the meantime, thank you for your continued interest in this process and your thoughtful questions and comments.

 

 

MEDIA CONTACT: Sarah Geegan, (859) 257-5365; sarah.geegan@uky.edu 

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April
 
 
1
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
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UK Baseball vs. Louisville
Kentucky Children's Garden Spring Break Special!
Pinterest Party #2
Tue
2
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
LNFS presents Ferris Bueller's Day Off
Men's Tennis vs. Illinois
UK Softball vs. Louisville
UK Men's Tennis vs. Northern Kentucky
Kentucky Children's Garden Spring Break Special!
Student Health Advisory Council Meeting
Best Practices for Tree Planting and Establishment Class 2
Selecting the Right Tree for Your Landscape Class 1
#TrendingTopics: It's Not Easy Being Green
Wed
3
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
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UK Toastmasters
Kentucky Children's Garden Spring Break Special!
Thu
4
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
UK Softball vs. Texas A&M
UK Baseball vs. Florida
Kentucky Children's Garden Spring Break Special!
Creoles Topopholia
Religion & Politics in Anxious States
Exploring, Remixing, Analyzing: Teaching History with Digital Media
Cormac O'Grada - "The Nature of Famines"
"The Nature of Famines," Committee on Social Theory Public Lecture
Building a Rain Garden: Collaborative Effort with UK
Fri
5
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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UK Baseball vs. Florida
UK Softball vs. Texas A&M
Bluegrass Bazaar
Sat
6
Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
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UK Baseball vs. Florida
UK Softball vs. Texas A&M
Ride the Legacy
UK Men's Tennis vs. Vanderbilt
Sun
7
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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Boxes & Walls: Oppression through History
Mon
8
Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
Explore Leadership Workshops
Boxes & Walls: Oppression through History
Job Club: Research Your Target Organization Before the Interview: What to Know and How to Find Out
#UK Kicks Butts Day
UK Softball vs. Wright State
Dine. Discover. Decide.: Connecting students to alumni in 3D!
Earth Days in the Bluegrass and the Late Night Film Series Present: Gasland Part II, A Bike-In Movie
UK Baseball vs. Morehead State
Student Sustainability Council Meeting
Tue
9
Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
LNFS presents Fear and Loathing in Las Vegas
UK Men's Tennis vs. Ohio State
Boxes & Walls: Oppression through History
Wellness On Wheels
Get Your DIY On! Fix-It Station Demonstrations
Overview of Nursing Home Care
Spring (Bike) Fever Twitter Chat
UK Softball vs. Mississippi Valley
Best Practices for Tree Planting and Establishment Class 2
UK Men's Tennis vs. Morehead State
Wed
10
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
LNFS presents American Hustle
UK Toastmasters
Bike-Through Resource Fair
Undergraduate Research Group Advising Session: April General
Presentation by Ladino Rockstar, Sarah Aroeste
Mountain Biking for Beginners Clinic
LNFS presents The Mexican Suitcase
Mr. PharmD
Performance by Ladino Rockstar, Sara Aroeste
Thu
11
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
Last Day to Drop a Spring 2014 Course
LNFS presents Boogie Nights
Car-Free Day
What Are They? Some Hidden Forms of the Copula in Old Irish
UK Men's Tennis vs. South Carolina
UK Baseball vs. Missouri
LNFS presents Loose Cannons
Fri
12
Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
UK Baseball vs. Missouri
UK Men's Golf Bluegrass Invitational
Arboretum Volunteer Training and Orientation
Taste of Africa
Dramatic Presentation -"Las Voces de los Apalaches"
Swing Dancing!
Sat
13
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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UK Baseball vs. Missouri
UK Men's Golf Bluegrass Invitational
UK Men's Tennis vs. Florida
UK Men's Tennis vs. Murray State
Sun
14
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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Therapeutic Chair Massage
Mon
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Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
Superheroes On and Off the Page
Parenting Connection Group
Farmer's MarCat & Craft Fair
Student-Teacher-Student Exhibit
Tue
16
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
LNFS presents Blue Velvet
Inequality in the US: Consequences
Reframing Stress: Do You Know Your Choices?
Best Practices for Tree and Shrub Pruning Class 3
Cooking Class: For True Beginners
Pinterest Party #3
Wed
17
Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
LNFS presents Anchorman 2
UK Toastmasters
Virtual Dementia Tour
Children at Risk Research Conference Keynote Address: Gender, Sexuality, & Risks for Violence among Young Women and LGBTQ Youth in Urban Communities
OUTspoken: Leaving the Second Closet Behind
LNFS presents Easy Rider
Thu
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Exhibit: Fauna of Mexico
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Children at Risk Graduate Student Research Poster Presenatation
20th Annual Black Women's Conference
Children at Risk Research Conference Speaker: Why Do Home and Neighborhood Issues Become School Safety Nightmares?
The Re-enchantment of Photography as a Primanry Geographic Mapping Medium
The Re-enchantment of Photography as a Primanry Geographic Mapping Medium
UK Softball vs. Arkansas
Fri
19
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
20th Annual Black Women's Conference
UK Softball vs. Arkansas
UK Track and Field Home meet
Unleash the Beast: Paintball Wars
Sat
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Exhibit: Fauna of Mexico
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Sun
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Exhibit: Fauna of Mexico
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Distinguished Industry Lecture Series, H. Graham Motion and Bruce “Buck” Davidson, Jr.
Mon
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Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
Explore Leadership Workshops
Job Club: Tighten Your Budget after a Job Loss
‘Project Learning Tree’ Workshop for Educators
Drug War Talk by Anthropologist Howard Campbell
Student Sustainability Council Meeting
Tue
23
Exhibit: Fauna of Mexico
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
LNFS presents The Lego Movie
Registration Deadline: Weight Loss Matters
Legacy Week: Ping Pong Ball Drop
Health Smart: Mindfulness
Pre-Pharmacy Club Meeting
IPM (Integrated Pest Management) and Tree Healthcare Class 4
Shuffle Series: Bluegrass
Wed
24
Exhibit: Fauna of Mexico
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
LNFS presents The Hobbit: Desolation of Smaug
UK Toastmasters
Wellness On Wheels
LNFS presents Juno
Perelman’s Dissociations: Double Fidélité, Fighting the Nazis, and the New Rhetoric Project’s Canon of Invention – Annual Hymson Lecture
Legacy Week: Candlelight Ceremony
Thu
25
EPIC Ministry Weekly Gathering
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Exhibit: Fauna of Mexico
LNFS presents The Brave Little Toaster
Bonfires of Illusions: the Twin Crises of the Liberal World
Arbor Day Volunteer Orientation and Training
Alex Callinicos - "Bonfires of Illusions: The Twin Crises of the Liberal World
LNFS presents Pariah
UK Theatre presents "Joseph and the Amazing Technicolor Dreamcoat"
Color Me Spring Fashion Show
Fri
26
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
Legacy Week: Leave Your Legacy
Arbor Day at The Arboretum
UK Theatre presents "Joseph and the Amazing Technicolor Dreamcoat"
Sat
27
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
UK Theatre presents "Joseph and the Amazing Technicolor Dreamcoat"
UK Wind Symphony Concert
UK Symphony & Concert Band Concert
Sun
28
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
Mon
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EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
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EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
Politics in Mexico Today
Tue
30
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
EPIC Ministry Weekly Gathering
Relieving Stress Through Your Senses
Tree Identification Class 5
Massage on the Go #3
The Practicing Happiness Workbook - author presentation
Wed
 
 
 
Apr 19
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