Mission
The University of Illinois Chicago (UIC) Office of Budget & Financial Analysis is committed to being a leading financial authority within the university, recognized for our expertise, innovation, and excellence. We enhance financial processes and decision-making to empower UIC’s academic, research, and healthcare initiatives while ensuring robust financial health. Our commitment to stewardship, integrity, transparency, and sustainability supports the university’s mission and fosters engagement within the university community.
Vision
The University of Illinois Chicago (UIC) Office of Budget & Financial Analysis partners with university leadership to provide expert financial insights, guidance, and comprehensive financial planning. Our commitment to stewardship, integrity, and sustainability enhances financial processes, ensures compliance, and makes budget information accessible. We foster partnership, innovation, agility, and engagement to empower UIC in its mission to excel in education, research, healthcare, and public service.
Additional
Strategic Initiatives & Priorities
- Automation & Improved Tools
- Dashboards
- Policies & Procedures
- Professional Development
- Budget Model Task Force
Goals & Objectives
Goal 1: Facilitate the Optimal Use of the University’s Financial Resources
- Objective #1: Reserves & Resource Allocation
- Objective #2: Tuition Revenue Distribution Model
- Objective #3: Deficit Management
- Objective #4: Institutional Funds Distribution Model
- Objective #5: Financial & Programmatic Reviews
- Objective #6: Accounting Structure & Practices
Goal 2: Serve as a Financial Partner with An Eye Towards Compliance
- Objective #1: Budget Planning & Budget Meetings
- Objective #2: Business Officers’ Council Meetings
- Objective #3: Policies & Procedures
- Objective #4: Special Projects
Goal 3: Engage in Innovation & Continuous Process Improvement
- Objective #1: Routine & Ad-Hoc Reporting
- Objective #2: Dashboards & Similar Adaptive Technologies
- Objective #3: Common Data Sets of Value to the Business Community
- Objective #4: Projections & Financial Modeling
- Objective #5: Automation & Efficiency
Goal 4: Recruit & Retain a Highly Functioning Team
- Objective #1: Internal Documentation
- Objective #2: Internal Trainings
- Objective #3: Traditional Professional Development
- Objective #4: Experience-Based Learning Opportunities
- Objective #5: Frequent Management Feedback