The JRAM is the method used to determine how to split the funding received centrally for teaching and research between the University and the Colleges, and to distribute the University’s share between the divisions.
The Joint Resource Allocation Advisory Board (JRAAB), which is primarily an expert body, is tasked to make recommendations on issues concerning the JRAM. These go to Council through PRAC and to the Conference of Colleges.
Departmental allocations (including a full breakdown of the data used for the calculation) are passed on to each of the Divisions, which have autonomy to redistribute funding internally, whilst distribution of the Colleges’ share between individual Colleges is calculated using the Collegiate Funding Formula. The Conference of Colleges has a Monitoring and Moderation Board (MMB) to oversee the operation of the Collegiate Funding Formula. The Conference of Colleges Secretariat services the MMB, with technical modelling provided by the Resource Allocation Team.