There are five guiding principles for the development of Memorial’s budget model. These are considered in every decision throughout the development and implementation process. Additional principles will guide the design process for the budget model.  

Memorial’s budget model will: 

• support the academic goals of the institution through the alignment of resources to priorities as outlined in university planning documents; 

• be transparent; 

• provide a predictable and sustainable framework for budget planning; 

• provide performance incentives and ensure accountability; and 

• provide for clear and straight forward allocation methodologies.