Determining Budget Models for Core Facilities
Revenue Sources and Funding Strategies
Reduced institutional budgets and declining state funding have sparked recent interest in budget structures and revenue generation strategies for core research facilities. This report examines how institutions determine budget model structures and identify revenue sources for core facilities and research centers. We examine various self-sustaining and subsidized core facilities, with an emphasis on aquaculture research centers.
Key observations from our research:
1. Transition to fee-for-service budget models to reduce institutional subsidization levels.
2. Few profiled institutions maintain fully self-sustaining core research facilities.
3. Maintain a variety of revenue sources (e.g., external grants, user service fees, institutional subsidies) to limit over-reliance and potential deficits.
4. Oversight of core facility budgets and revenue generation falls to core directors, shared administrators for core facilities, or staff within academic units.
5. Develop revenue generation training and incentive programs to support core facility revenue generation.