The Budget Transformation Initiative is an element of Budget & Finance Excellence, one of six strategic initiatives for the division of Finance and Administration. The initiative is an important project that will support and enable the university's strategic goals of developing a budget that reflects Rice's values. This effort is led by Provost Amy Dittmar, Executive Vice President for Finance and Administration Kelly Fox, and Chief Financial Officer and Treasurer Katrina Spencer. The academic mission will guide the initiative. A new budget model will provide increased transparency while building incentives into the budget model to support schools' and administrative units' increased ability to understand and leverage opportunities, growth, possibilities, and outcomes. The project is currently in the Model Design phase, which includes multiple opportunities to learn more about the current budget and various budget models that other universities have implemented.
- This is a university-led, consultant-supported engagement.
- The project is led by a partnership between the Provost and the Executive Vice President for Finance and Administration.
Information on decisions made to date as part of the budget model redesign can be found here:
Guiding Principles:
Project Timeline
The project is currently in the Preparation and Planning phase, and the team intends to implement the new budget model in the fiscal year 2025 budget cycle. Campus community updates and opportunities to provide feedback will continue through future phases. Please email budgettransformation@rice.edu any time to engage with the project team.
Project Governance
Executive Sponsors
Provost Amy Dittmar, Executive Vice President for Finance and Administration Kelly Fox, and Associate Vice President and Deputy CFO Katrina Spencer are the executive sponsors. The three executive sponsors convene, oversee, and provide parameters for the Steering Committee and consider the recommendations provided to them through the BTI governance structure to make final budget model decisions.
| Name | Campus Affiliation |
|---|---|
| Reggie DesRoches | President of Rice University |
| Amy Dittmar | Howard R. Hughes Provost |
| Kelly Fox | Executive Vice President of Finance and Administration |
| Katrina Spencer | Chief Financial Officer and Treasurer |
Steering Committee
The Steering Committee plays a crucial role in reviewing and discussing model design recommendations put forth by the Design Committee. The Steering Committee ensures alignment with Rice's mission and strategic priorities and delivers final recommendations to the Executive Sponsors.
| Name | Campus Affiliation |
|---|---|
| Amy Dittmar | Howard R. Hughes Provost |
| Kelly Fox | Vice President of Finance and Administration |
| Katrina Spencer | Chief Financial Officer and Treasurer |
| C. Fred Higgs III | Vice Provost of Academic Affairs |
| Kathleen Fabiny | Associate Vice President for Budget and Fiscal Analysis |
| Carlos Garcia | Research Designee |
| Peter Rodriguez | Dean of the Jones Graduate School of Business |
| Igor Marjanović | Dean of the School of Architecture |
| Luay Nakhleh | Dean of the George R. Brown School of Engineering |
| Kathleen Canning | Dean of the School of Humanities |
| Matthew Loden | Dean of the Shepherd School of Music |
| Thomas C. Killian | Dean of the Weiss School of Natural Sciences |
| Rachel Tolbert Kimbro | Dean of the School of Social Sciences |
| Rob Bruce | Dean of the Glasscock School of Continuing Studies |
| Bridget Gorman | Dean of undergraduate students |
| Seiichi Matsuda | Dean of graduate & postdoctoral students |
| Paul Padley | Vice President of the Office of Information Technology |
| Joan Nelson | Chief Human Resource Officer |
| Mauricio Benitez | Associate Provost and Senior Advisor |
| Mia Culton | Associate Provost for Academic Budgetary Affairs |
Design Committee
The Design Committee brings together diverse campus perspectives to provide recommendations to the Steering Committee on budget model design elements.
| Name | Campus Affiliation |
|---|---|
| Katrina Spencer | Chief Financial Officer and Treasurer |
| Mia Culton | Associate Provost for Academic Budgetary Affairs |
| Kathleen Fabiny | Associate Vice President for Budget and Fiscal Analysis (Co-chair) |
| Christy Witt | Institutional Research representative |
| Yesenia Montoya | Diversity, Equity and Inclusion representative |
| Terri Arellano | Kinder Institute |
| Carlos Garcia | Office of Research |
| Kate Cross | Graduate and Postdoctoral studies |
| Angela Lipari (Administrative Budget Officer) | Assistant Vice President for Strategic Initiative Support |
| Kevin Yuen (Administrative Budget Officer) | Business Director in Housing and Dining |
| Pamela Marut (Administrative Budget Officer) | Director of Financial and Business Services |
| Timothy Pitts (Administrative Budget Officer) | Director of Fiscal Analysis and Reporting, Budget Office |
| Lisa Birenbaum (Academic Budget Officer) | Assistant Dean of the School of Social Sciences |
| Stephanie Post (Academic Budget Officer) | Assistant Dean of the Wiess School of Natural Sciences |
| Anne Santos (Auxillary Budget Officer) | Assistant Dean of the Glasscock School of Continuing Studies |
| Chris Jermaine (Computer Science Department Chair) | Director, Master of Data Science Program, Professor of Computer Science, J.S. Abercrombie Professor of Engineering |
| Kirsten Ostherr | Gladys Louise Professor of English, Director of Medical Humanities |
| Ed Nikonowicz (Biosciences Department Chair) | Professor of BioSciences, Faculty Senate Deputy Speaker |
| Victoria Langlais | Assistant Dean of Human Resources & Administration |
Working Groups
Working groups consist of subject matter experts from across the Rice community, and they are convened on a rolling basis by the Design Committee to provide recommendations on specific topics. Working groups have been called to make recommendations on Space Use and Research F&A recovery.
Advisory Groups
Advisory groups include various forums such as Select Trustee meetings, Budget Officer convenings, Faculty senate meetings, Admin Forum Meetings, Chair convenings, and Staff Council meetings. Participating in these groups and sharing project progress updates enriches the transformation process.
