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U@Penn


Budget & Management Analysis
Franklin Building, Suite 710
3451 Walnut Street
Philadelphia, PA 19104

215.898.6651 (Phone)
215.898.6652 (Fax)

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Budget and Management Analysis

Responsibility Center Management (RCM)

Penn adopted Responsibility Center Management as our management model in 1974. Under this model, all Schools and Responsibility Centers are responsible for managing their direct revenue and expense. Schools, Resource Centers, and Auxiliaries are expected to incorporate into their budgets an appropriate allocated share of the cost of central administrative services. Administrative centers are expected to maintain budget balance based on their receipt of a portion of these Allocated Cost Charges.

The RCM model documents our common agreement as to how we will aggregate funds and object codes in budgets and financial reports, and how we will measure operating performance and changes in financial position.


RCM vs. GAAP Reporting

In addition to RCM for internal budgeting and financial reporting activities, Penn complies with external reporting requirements by reporting financial performance in accordance with Generally Accepted Accounting Principles (GAAP).

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