Inside Iowa State

Nov. 16, 2007

Resource Management Model

Collection process for indirect costs data changes Jan. 1

Implementation of the Resource Management Model continues this month. Following is a summary of the most recent progress:

1. Data sets needed for the Resource Management Model have been identified and made available to budget staff via AccessPlus. They include:

• Net assignable square feet
• Employee FTEs
• Budgeted expenses
• Student enrollment
• Undergraduate student credit hours
• Graduate and professional student credit hours
• Tuition assessment

2. The process for collecting indirect costs (IDC) data continues to be refined. Staff in the Office of the Vice President for Research and Economic Development held training sessions in October for employees involved in the administration of grants and contracts. Similar training sessions will be held periodically through the end of the calendar year. The new process for collecting IDC data will be initiated Jan. 1, 2008.

3. Working teams continue to refine details in the numerous recommendations on policies and processes. This part of the implementation is expected to be complete by the end of December. Changes already are occurring in processes as a result of approved recommendations. Recommendations currently open for review and comment by the university community are online.

4. The current fiscal year (FY08) is the simulation year for the model. In October, the university's FY08 budget was restated in an offline simulation using the new policies and practices of the Resource Management Model. The central budget team is creating budgeted-to-actual reports for the first quarter of FY08. Deans, vice presidents and their fiscal officers will receive their reports by mid-month.

Monthly status reports that provide more detail on the implementation are online. Any questions regarding implementation of the Resource Management Model can be sent to budgetmodel@iastate.edu.