UMaine System board hears proposal to create systemwide budget

Recommendations for implementing a new unified budget system for all of the campuses of the University of Maine were presented Monday to the University of Maine System board of trustees.

The proposal places an emphasis on collaboration among the campuses to reduce costs by creating a systemwide budget to replace the system in which each campus proposed its own budget to the trustees.

Board Chairman Sam Collins said the One University initiative is predicated on collaboration among the seven campuses.

“Getting all of the CFOs from each of the campuses in the same room and agreeing on a direction that these recommendations have come up with,” Collins said. “Certainly, balancing the budgets of each of the campuses is critical for a total unified budget balance. We’ve been moving in that direction, and we’re getting there.”

Read more: https://bangordailynews.com/2016/07/18/news/state/umaine-system-board-hears-proposal-to-create-systemwide-budget/?ref=regionstate