Business & Administration
Description
and Overview
For the purpose of this
review process, a President’s
Opportunity Fund is defined as a program/project initiative or existing
program/project enhancement that is not provided for in the University’s
general fund budget allocation and the estimated cost of which exceeds
$25,000. In
FY 2004, only Opportunity Funds that demonstrate a direct/documented
impact on increasing enrollment will be considered for funding.
In the case of initiatives with an estimated cost of less than
$25,000, the Account Manager, in conjunction with the Vice President,
should make a good faith effort to reallocate dollars from lower priority
activities. In the event the
Account Manager cannot identify a lower priority activity, an initiative
may be submitted for less than $25,000; however, the Account Manager must
identify the current lowest priority activity or activities for
reallocation consideration by the Vice President.
Prior to submitting an
Opportunity Fund application, the Account Manager should make every effort
to identify non-general operating funding sources that can be pursued to
supplement, if not totally support, such activities.
The Account Manager should also thoroughly review current
activities within his/her area of responsibility with an eye toward
reallocating existing current general funds to accommodate the new needs
identified.
Evaluation and Approval Criteria
Process for Opportunity Fund Proposals
Opportunity Fund Concept Paper Format (link to template)
Business Plan Format (link to template)
