Mental health statement of rights and responsibilities 2019: Volume 65 Issue 15

Uncategorized

Update from the Office of the Executive Vice President. Executive Vice President Craig Carnaroli was joined by Vice President for Facilities Anne Papageorge, University Architect Mark Kocent and Vice President for Budget and Management Analysis Trevor Lewis. Ms. Papageorge and Mr. Kocent briefed the committee on sustainability efforts being undertaken by Penn in the following areas: academics, utilities and operations, physical environment, waste minimization and recycling, purchasing practices, transportation, and outreach and engagement. Mr. Lewis provided a background briefing on Responsibility Center Management (RCM) at Penn. RCM is the managerial framework for Penn’s internal budgeting and financial reporting on Schools and Centers. The basis for external financial statements used by ratings agencies, resource providers and others is University-level Generally Accepted Accounting Principles (GAAP). RCM was implemented at Penn in the 1970s as a way to control expenses and has since evolved to encourage revenue growth. Under RCM, the majority of direct revenue and expense is at the School and Center level, as are the alignment of authority and accountability. A key principle of RCM is transparency regarding sources and uses of institutional resources. RCM promotes the broadest possible stewardship of financial resources and encourages and rewards innovation and efficiency by Schools and Centers. Mr. Lewis then described RCM funding dynamics between Schools and Centers and the University’s Administrative Centers (including the President’s and Provost’s offices, Human Resources and others).

Read full »

Leave a Reply

Your email address will not be published. Required fields are marked *