The Reinvention of Northwest Technical College Presentation to NTC Faculty, BSU Faculty, and the Communities

Goals and Intended Outcomes of the Reinvention Process: 1.To create a financially sustainable NTC 2.To stabilize NTC enrollment through quality and distinctiveness 3.To enhance student success through stable, high quality programs 4.To create academic pathways, articulations and partnerships 5.To improve our regional stewardship

The “Stuff” of Reinvention 1.Listening and working: The Reinvention Taskforce 2.Leadership, curricular development and the future 3.Financial information, predicted budgets, sustainability

The “Stuff” of Reinvention 1.Listening and working: The Reinvention Taskforce 2.Leadership, curricular development and the future 3.Financial information, predicted budgets, sustainability

The “Stuff” of Reinvention 1.Listening and working: The Reinvention Taskforce 2.Leadership, curricular development and the future 3.Financial information, predicted budgets, sustainability 4.Marketing Plan

Marketing Plan The marketing of a reinvented Northwest Technical College will focus on two distinct but overlapping themes: first, the focused preparation of graduates for careers in highly skilled fields with unmet workforce needs, and, second, the delivery of flexible programs through which students can efficiently earn a series of valuable credentials, up to and including bachelor’s degrees at Bemidji State University. The college’s brand promise will shift from its current one of seizing one’s own career destiny (“Make Your Future HAPPEN”), which speaks directly to a traditional-age student, to one of rapid advancement through acquisition of sought-after knowledge and skills. By readying individuals for fields hungry for talent, the college can also tout its vital role of serving employers and fueling the regional and state economies. This approach should prove self-reinforcing over the next five years as the college delivers educational outcomes that change lives and help employers thrive. But the specific expression of these broad messages can be tailored as necessary over time to emphasize areas of greatest need or opportunity, both in terms of audience and program.

The “Stuff” of Reinvention 1.Listening and working: The Reinvention Taskforce 2.Leadership, curricular development and the future 3.Financial information, predicted budgets, sustainability 4.Marketing Plan 5.Business Plan

Business Plan 1.FYE Enrollment is projected to decrease by about 10% for and then rebound to the FY2014 level in The $500,000 operating loan from BSU in FY2014 was recorded as a state appropriation transfer so there is a significant increase in state appropriation from FY2013 to FY014 followed by a significant decrease between FY2014 and FY Tuition rates are projected to increase on-campus by three percent annually starting in fall It is assumed that customized training and outreach will begin generating a positive bottom-line to the budget starting in FY We will sell our existing inventory of carpentry houses in FY2015 and then enter into an arrangement to build one for an entity each year 6.Faculty costs are estimated using the current composition of faculty for FY2015 while also taking into account the current MSCF settlement. It is assumed that the complement of faculty will be adjusted and reduced starting 7.Salary and benefit increases are projected at two and half percent per year in the future 8.It is assumed that eight staff positions will be eliminated at the college in the middle of fall semester It is assumed there is no COO cost for the college for Supplies and equipment budgets were permanently reduced by ten percent in FY2014. Inflationary increases to the budgets are made starting in FY It is assumed that we will cancel the Hoffman building lease of approximately after fiscal year The college will build continue to have its own operating reserve that meets Board policy of being 5- 7% of past year’s revenues 13.There are no line items for any new faculty or staff positions at the college 14.The FY2015 budget relies heavily on one-time measures to balance the budget:: No Provost position, reduction of Operating Reserve by $200,000, sweeping of Optivation carryforward of $300,000, sweeping of Technology carryforward of $150,000

The “Stuff” of Reinvention 1.Listening and working: The Reinvention Taskforce 2.Leadership, curricular development and the future 3.Financial information, predicted budgets, sustainability 4.Marketing Plan 5.Business Plan 6.Academic Programs at the Reinvented Northwest Technical College

The “Stuff” of Reinvention 1.Listening and working: The Reinvention Taskforce 2.Leadership, curricular development and the future 3.Financial information, predicted budgets, sustainability 4.Marketing Plan 5.Business Plan 6.Academic Programs at the Reinvented Northwest Technical College 7.Timeline

The “Stuff” of Reinvention - Timeline August 2014Fall 2014Spring 2015Summer 2015Fall 2015 Consultation meet and confers/prepare HLC documents Discuss plans and directions Initiate business plan Initiate development of Master Academic Plan Implement transition curriculum Begin marketing effort Site visit by HLC Complete Master Academic Plan Execute marketing effort Make adjustments Finish design work on schedule Consultation meet and confer Roll out the reinvented NTC