Funding Studies and Models
As state governments seek to allocate funding to their public institutions, key decisions must be made with respect to the adequacy and equity of funding. Our higher education practice area includes experts in higher education finance and funding to assist clients in these key areas.
Our senior consultants lend their expertise in the areas of financial and capital planning, budgeting, and management systems in higher education. Clients benefit from a wealth of experience and innovative thinking.
We have conducted studies to develop:
- new appropriations request formulas,
- identify and evaluate alternative funding methods,
- create performance-based funding models, and
- develop current funding equity analyses.
MGT has assisted clients in a majority of states assess formula budgeting processes and recommend changes in request and allocation guidelines.
MGT Funding Study Methodologies include:
- External peer comparisons
- Detailed inter/intrasystem analyses
- Evaluation of allocation formulas
- Review of internal controls
- Analyses of relevant rules and statutes
- Examination of the needs for base level funding
- Evaluation of the strengths and weaknesses of alternative methodologies
