Administration

      Dec.7 informational town hall event to explain budget allocation model

      University leaders to share information, overview of process to develop Penn State’s budget allocation model 

      UNIVERSITY PARK, Pa. — Penn State President Neeli Bendapudi will host an online informational town hall event at 9 a.m. on Dec. 7 at LiveEvents.psu.edu to share updates and an overview of the process to develop a new University budget allocation model.  

      Members of Penn State’s budget allocation model working group, which includes leaders and experts from across the institution, will discuss the University’s effort to modernize and transform its budgeting process. While the new model and allocations won’t be shared during the conversation, the meeting will provide a high-level overview of the model, background about the decision-making process and how the budget allocation model was developed. 

      The new budget allocation model will be used to determine the amount of funding — primarily from tuition and state funding — that the University allocates to administrative and student-supporting central units, colleges and campuses. Annually, Penn State provides an allocation to each campus, college and unit, which budget executives use to develop their areas’ budgets. The new budget allocation model will be implemented beginning in July 2023 for the upcoming fiscal year and is part of a broader effort by Penn State to achieve a balanced budget by 2025. 

      Since August, the working group has been collaborating on the effort and has presented the developing draft model to chancellors, deans, unit leads, and financial officers throughout the process and incorporated changes based on their feedback. The working group also presented the draft model to Faculty Senate.  

      The town hall will focus on the key discussion points and top questions that have been asked in meetings by these groups and stakeholders. 

      Joining Bendapudi for the discussion will be: 

      • John Cheslock, professor of higher education 

      • Margo DelliCarpini, chancellor of Penn State Abington 

      • Tracy Langkilde, Verne M. Willaman Dean of the Eberly College of Science 

      • Justin Schwartz, interim executive vice president and provost 

      • Sara Thorndike, senior vice president for Finance and Business/treasurer 

      The Budget Allocation Model Working Group members include: 

      • Kelly Austin, vice president for Commonwealth Campuses and executive chancellor  

      • Jeremy Bean, director of change management and organizational excellence in Finance and Business  

      • John Cheslock, professor of higher education (expertise in higher education organizational finance)  

      • Ken Cody, NACUBO consultant  

      • Margo DelliCarpini, chancellor of Penn State Abington  

      • Marie Hardin, dean of the Donald P. Bellisario College of Communications   

      • Jody Heckman, university budget director    

      • Terra Ingram, administrative staff coordinator/business manager for Sustainable Agriculture, Food and Environmental Science Institute (SAFES); chair of the University Staff Advisory Council   

      • Lance Kennedy-Phillips, vice provost for planning, assessment and institutional research  

      • Tracy Langkilde, Verne M. Willaman Dean of the Eberly College of Science   

      • Justin Schwartz, interim executive vice president and provost  

      • Michael Wade Smith, senior vice president and chief of staff   

      • Michele Stine, teaching professor of biobehavioral health; chair of Faculty Senate  

      • Virginia Teachey, associate vice president for finance  

      • Sara Thorndike, senior vice president for Finance and Business/treasurer     

      • Lora Weiss, senior vice president for research 
         

      The town hall will be archived shortly after and available on LiveEvents.psu.edu for those who are unable to view live. 

      Last Updated December 5, 2022

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