University of Pennsylvania
horizontal rule
arrow Budget Home
arrow RCM at Penn
arrow Document/Forms
arrow Contact Us
horizontal rule
arrow Budget Deadlines
arrow University Operating Budget Books
arrow Budget Planning Tools
horizontal rule
arrow Process Overview
arrow Initial Proposal
arrow Original Submission
arrow Outyears of the 5 Year Plan
arrow Maintaining the Operating Budget
arrow Using the Chart of Accounts
arrow Budgeting Revenue
arrow Budgeting Expense
arrow Estimating Debt Service
horizontal rule


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

215.898.6651 (Phone)
215.898.6652 (Fax)

Penn Home Penn A-Z Directories Calendar Maps
Advanced Search
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).

Campus Window spacer

Links to Have

UPHS Planning and Reporting
uphsNET Home Page
Tuition Distribution Process
Budget Planning Tools
EVP Office
Finance Division
Penn Home Penn A-Z Directories Calendar Maps
Advanced Search
Copyright © , University of Pennsylvania
3451 Walnut Street, Philadelphia, PA 19104 · 215.898.5000
Copyright Information | Contact Us | Privacy Policy

Penn Home
Visit Penn's website