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Chancellor’s Town Hall will discuss ETOB budgeting system Friday

Sep. 13, 2016, 2:37 PM

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Chancellor Nicholas S. Zeppos (Vanderbilt University)

Chancellor Nicholas S. Zeppos will host a town hall meeting on Friday, Sept. 16, beginning at 10:10 a.m. in Sarratt Cinema. The topic of the meeting will be implementing Vanderbilt’s ETOB budgeting system within schools.

ETOB, or “every tub on its own bottom,” is an economic term that refers to how revenues and expenses are held within each school. Schools directly collect revenue through tuition, grants and endowment funds and in turn pay directly for expenses such as salaries, supplies, utilities and maintenance, and more.

In addition to Zeppos, Provost and Vice Chancellor for Academic Affairs Susan R. Wente and Vice Chancellor for Finance and Chief Financial Officer Brett Sweet will present at the meeting.

Faculty, staff and students are encouraged to attend.