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UFFLORIDA Office of the President Office of Internal Audit720 S.W. 2nd Avenue PO Box 113025 Gainesville, FL 326013025 3523921391October 27, 2022 MEMORANDUMTO:UF Board of Trustees Audit and Compliance
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Higher education institutions looking to secure additional funding based on their performance metrics
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What is performance based funding and?
Performance based funding is a model in which funding for an organization is based on its performance indicators rather than just allocated funds.
Who is required to file performance based funding and?
Organizations or entities that receive funding based on their performance indicators are required to file performance based funding.
How to fill out performance based funding and?
Performance based funding can be filled out by providing accurate and detailed information on the organization's performance indicators as required by the funding agency.
What is the purpose of performance based funding and?
The purpose of performance based funding is to incentivize organizations to improve their performance in order to receive more funding.
What information must be reported on performance based funding and?
Information such as organization's performance metrics, goals, achievements, and any other data required by the funding agency must be reported on performance based funding.
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