1. Optimizing Financial Capacity
NEASC Annual Meeting and Conference
December 7-9, 2016
Welcome to the Higher Education Session on Optimizing Financial Capacity .. AKA, Doing more with less.
I’m Tim Bowman, a member of the Commission for Institutions of Higher Education and Executive Dean for Administration and Finance for the Harvard John A. Paulson School of Engineering and Applied Sciences---and the moderator for this session.
In a moment I will introduce our panel, but first I’d like to frame our discussion.

2. Putting the Rising Cost of College in Perspective
TIME, August 31, 2016
Price Competition Comes To Higher Education
Forbes, November 28, 2016
Florida Governor Rick Scott Higher Education Formula: Low Costs, More Quality
WUFT, November 3, 20116
To maintain our place as one of the best, if not the best, places in the world for higher education optimizing our financial resources is critical.
The traditional model of physical campuses, real-time/in-person teaching, and comprehensive support structures for our students and campus community is expensive
More recent models of distance education still require human capital and increased investments in technology---so while they may be less resource intense than our traditional model, they are not a financial panacea….not to mention the model is not right for all learners or all programs.
And then for some of us, there is research...big money is spent on people, technology, equipment, labs.
Public dollars, in support of education and research are declining, while expectations are increasing.
So, what to do... No worries! Our panel is here!!
University of Virginia considering ways to bring down tuition costs
The Virginian-Pilot, November 12, 2016

3. The Panel Kenneth B. Cody,
Vice President for Administration and Finance
Ken is not able to be with us.
Maureen A. Murphy,
Vice President for Administration and Finance
To answer that question…. We have a panel of financial officers with rich experience from differnt types of intituions.
Unfortunatly Ken Cody from Bentley is not able to be with us today. An unexpected family situation required him to be out of town.
Maureen Murphy is the vice president for adminstartion and finance for Emerson College. Prior to Emerson, Maureen was vice president for finanical affairs at Brandeis Univerity and for CFO at NYU in Abu Dhabi. Like Ken, Maureen also has held leadership positions in the National and Eastern Associations of College and Univeristy Business Officers, including being the current treasurer for the Eastern Association.
Jonathan Paul, aka JP, assistant vice president of strategy and planning in the office of finanical stratgy and planning for Harvard University. Prior to Harvard JP held senior leadership positions with Teach for America and Achievment First, and he currently is on the board for Cambridge Community Services.
Please join me in welcoming our panelists.
Jonathan Paul,
Assistant Vice President of Strategy and Planning,
Office of Financial Strategy and Planning

4. Next 55 minutes…
Maureen and Jonathan (aka JP) are going to give brief opening remarks.
I’ll then start the questioning.
Followed by questions from you!

5. A few slides for each panelist (5 minutes)… please include:
Institutional bio – student body, # faculty, annual budget, endowment, major sources of revenue.
Institutional vision – priorities for next 5-10 years.
Current institutional financial challenges and how you are dealing with them
Anticipated future financial challenges and how you are thinking about them

6. Questions
What are your institutions doing to expand current revenue sources or create new ones?
What are your institutions doing to control costs?
What needs to change in U.S. higher education for us to assure our financial sustainable?
What “out-of-the-box” things you are doing or thinking about to optimize your financial capacity?
Questions from the audience….