Budget Review and Update What Does It Mean for Academic Affairs?

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Presentation transcript:

Budget Review and Update What Does It Mean for Academic Affairs?

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

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 Chancellor’s website

Across-the-Board 19%

Your will shall decide your destiny. - Charlotte Brontë, Jane Eyre

Put another way…

“Circles of Budget H*ll” Announcement Campus Dialog Opportunity Cuts Strategic “Rightsizing”

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

Across-the-Board $3.2M 19% 29%

Academic Affairs Budget Expenses Figures are approximate but reflective of actual values. 4.4%

Our Problem to Solve How to deliver a rigorous, more attractive student experience with reduced resources and higher accountability.

A Spectrum of Value Systems

Food for Thought…

25 FTE Reinvested 17 FTE Reinvested

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

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

Our Problem to Solve How to deliver a rigorous, more attractive student experience with reduced resources and higher accountability.

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

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