Transcript of Budget Review and Update What Does It Mean for Academic Affairs?
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- Budget Review and Update What Does It Mean for Academic
Affairs?
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- Structural Deficit State We have a structural deficit because
our planned base spending exceeds our planned base revenue.
TuitionRevenue Carryover Spending EnrollmentShortfall
TuitionRevenue Authorized Budget $4.5M
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- Enrollment Task Force Increase frosh and transfer students
Increase frosh and transfer students Increase students of color
Increase students of color Improve 4-year graduation rate Improve
4-year graduation rate Increase retention Increase retention rates
rates Report available on Chancellors website
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- Across-the-Board 19%
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- Your will shall decide your destiny. - Charlotte Bront, Jane
Eyre
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- Put another way
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- Circles of Budget H*ll Announcement Campus Dialog Opportunity
Cuts Strategic Rightsizing
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- Our Destination Structural deficit resolved Structural deficit
resolved Budgetary buffer established Budgetary buffer established
Inclusive value system in place Inclusive value system in place
Curriculum aligned with changing student needs Curriculum aligned
with changing student needs Competitive salaries established
Competitive salaries established Blah Blah Blah
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- Across-the-Board $3.2M 19% 29%
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- Academic Affairs Budget Expenses Figures are approximate but
reflective of actual values. 4.4%
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- Our Problem to Solve How to deliver a rigorous, more attractive
student experience with reduced resources and higher
accountability.
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- A Spectrum of Value Systems
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- Food for Thought
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- 25 FTE Reinvested 17 FTE Reinvested
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- Food for Thought Reallocate 102 Expenses to Non-102 Reallocate
102 Expenses to Non-102 Lean Process Improvement Lean Process
Improvement Leverage Existing Technological Capacity Leverage
Existing Technological Capacity
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- Our Destination Structural deficit resolved Structural deficit
resolved Budgetary buffer established Budgetary buffer established
Inclusive value system in place Inclusive value system in place
Curriculum aligned with changing student needs Curriculum aligned
with changing student needs Competitive salaries established
Competitive salaries established
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- Our Problem to Solve How to deliver a rigorous, more attractive
student experience with reduced resources and higher
accountability.
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- Immediate Next Steps At the Division Level (within two weeks)
At the Division Level (within two weeks) Refine university-wide
principles for budget decisions Refine university-wide principles
for budget decisions Design process/timeline for final decision-
making Design process/timeline for final decision- making Establish
dashboard indicators for reporting progress toward our destination
Establish dashboard indicators for reporting progress toward our
destination
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- Immediate Next Steps At the Dean/Associate Vice Chancellor At
the Dean/Associate Vice Chancellor Level (within a week) Level
(within a week) Establish strategic shares for colleges and units
(FY 16/FY 17) Establish strategic shares for colleges and units (FY
16/FY 17) Identify appropriate data sources Identify appropriate
data sources