He gave me some excellent information and contact people which I will summarize below. It has worked well. In general, there has been positive feedback from decision makers because decisions are now being made with significant amounts of data at decision makers disposal. Many of the academic quality risks such as collaboration among units, increased class sizes, increased workloads, etc. existed under the old budget system. There is strong Provost and Budget Committee oversight over such issues.
Policies are in place and enforced.
For example, to add or drop a course from a program, a Dean must submit the request to the Provost's Office who performs a thorough analysis and either approves or disapproves. The Chair of the Committee sits with the President and Provost during final budget decisions. I asked him specifically about the Budget Oversight Committee and he mentioned that the process works very well but the workload is significant. I mentioned to him that we were thinking about the adjustment of workloads for participants which he thought was a great idea. Members participate for 3-5 year terms and are appointed based on recommendations from the Deans to the President.