January 29, 2002

• Our budget must reflect that higher education is an investment for the State
• We must be accountable to the University community, the State and our constituencies
• Our budget must reflect strategic planning, institutional priorities, and productivity
• Our budget decisions must be based upon relevant data
• Our budget process must measure the results of our decisions and investments
• The University must live within its means
• The University must maintain a balance of investments among all elements and assets of the organization
• The economic impact of all budget decisions will be considered
• The University cannot be all things for all people
• The reallocation of funds within and among programs, colleges or divisions will be a significant source of "program investment" revenue in future years

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