Temple's guiding principles were developed by faculty and staff in 2012-2013 as a way to structure the process and decision-making, irrespective of changes in goals, strategies or leaders. The community helped to define these principles as follows:
- Mission-driven: In order to support the university’s mission of providing an excellent education at an affordable cost, Temple’s budget practices must contain appropriate incentives to support academic quality and efficiency. Certain priorities, initiatives or activities that are central to the overall university mission may require the financial support of the revenue centers. The budget model recognizes that Temple’s primary mission is to support its teaching and research enterprise first, and its goals and success supersede those of the individual units and revenue centers.
- Align Authority with Responsibility and Accountability: The closer the point of an operating decision is to the point of implementation, the better the decision is likely to be. Realign the authority for making decisions with their financial outcomes. Authority to make decisions should be pushed down to the revenue centers along with the responsibility or accountability for such decisions.
- Fairness: The budget model should be consistent, predictable and transparent. Considers a student-focused approach to the delivery and funding of services to ensure equitable access to services and facilities while allowing for schools/colleges to offer additional services to their students.
- Encourage Innovation, Entrepreneurship and Efficiency: Create and introduce financial incentives to encourage and recognize appropriate risk taking and efforts to enhance revenue or reduce expenses. Support and reward units for interdisciplinary collaborations and discourage unnecessary internal competition.
- Simplicity: The budget model, including the allocation of revenues and indirect expenses, should be simple to understand, explain and maintain.