1. University of Massachusetts Boston F&A Advisory Group Lost Lives: Best Practices in Planning & Budgeting Nov 2014 Office of Budget & Financial Planning

2. Lost Lives o Constrained state funding o Heightened price sensitivity o Limited growth in federal support o Sustained focus on accountability (outcomes assessment) DreamsDreams (video clip at 2:50 – 3:45)

4. Infrastructure $8.2 to $39.1

5. $41.4 million

6. Change crisis opportunity Where are you?

7. Innovation o Capacity to execute o Reallocate existing resources vacancies base budget o Multi-year planning o Personnel management

8. On the Right Path Fund consolidation Position management Multi-year planning Summit

9. More to do Link between enrollment, discounting, and revenue Understand fixed vs incremental costs Link resource allocations to outcomes, performance Agree to a uniform, stable process unilateral decisions (end run) hidden costs spending a dollar twice (or more) Complete multi-year plan Bring evidence and analysis to the discussions

10. Themes Keep moving toward best practices that support our aspirations Acknowledge that change is inevitable; learn from each other Focus on the opportunities (that shiny thing in the corner of your eye)