Financial Management 
UF Budgeting Model
The University of Florida uses a Responsibility Center Management (RCM) structure for budgeting and fund distribution. UF uses RCM to decentralize budget-related decisions. Under RCM, each unit is financially responsible for its activities and is held accountable for its expenditures. The aim is to provide units more flexibility and control to apply their resources in support of their priorities. RCM also provides a higher degree of transparency and predictability with respect to allocations.
Introduction to Fund Accounting
As a manager it’s important to understand the funding and budgeting model and be able to apply this knowledge to balance out competing demands for resources.