The Provost Reinvestment Fund (PRF) was adopted concurrently with the implementation of Activity Based Budgeting (ABB) in FY13. PRF is primarily comprised of formulaic allocations of tuition revenues, indirect cost recovery, and institutional overhead. Under ABB, these revenue streams are allocated directly to the unit responsible for the activity; but first, a tax is taken to fund central administrative operations, strategic investments in student and faculty experience, and critical compliance efforts—shared expenses that would otherwise have no direct source of funds. The tax is part of the funds that the administration uses to address the President’s and Provost’s priorities for the University. Deployment of these funds is the result of a lengthy and highly consultative budget development cycle. Off-cycle funding requests are considered and reviewed on a monthly basis.
Instructions: Please complete the fields below and attach any relevent material to support your request (as applicable).
In almost all circumstances, units will be required to self fund new requests for ongoing funds under $100,000 and one time or limited duration requests under $300,000. Exceptions will be made for expenses that are sensitive in nature, or related to start-up and matching commitments historically funded centrally.
Each request should be accompanied by a matching component from the requesting unit and align with a long-term strategic goal of the unit or the UW, on whole. Please note, adherence to these thresholds and matching are not a requirement of ABB Values Based Pool fund requests.
In general, please:
- Complete each field and attach any relevent material to support your request (as applicable).
- Avoid jargon and spell out all acronyms.
- Utilize bullet points rather than extensive prose.