|7:30 am||Registration & Continental Breakfast|
|8:30 am||Welcome and Introductions|
Craig Becker, Yeshiva University
|9:00 am||What’s Your Ethics IQ?: 5 Principles Smart Business Officers Live By|
Speaker(s):What is the relationship between ethics and financial management? When you return to campus from this meeting, how will you be able to lead more effectively? In this lively, entertaining, and highly interactive session, Dr. Bruce Weinstein, The Ethics Guy, will show how five simple principles help you bring out the best in others and yourself everywhere you go. You'll leave with a clearer sense of how to advance the economic viability and business practices of your institution.
|10:00 am||Refreshment Break|
|10:15 am||Evaluating the Financial Contribution of Academic Programs|
Speaker(s):All universities struggle with program creep and related resource allocation issues. This presentation explores an independent comprehensive institution’s efforts to create a model that calculates the financial contribution of each academic program. In the analysis, revenues are assigned and costs are allocated at the program level to reflect how well each covers its own expense at various levels of responsibility. The goal of the effort is to advise academic affairs in its resource allocation and program portfolio management efforts.
Ross Koenig, Rochester Institute of Technology
|10:15 am||The Myths and Perils of Looking at Carryforward Balances|
Speaker(s):How should a university manage its carry-forward balances? This question can be difficult, especially in decentralized environments or after multiple years of budget cuts Within a highly decentralized environment, UC Davis has adopted guidance that allows it to calculate and understand carry-forward balances, identify obligations against these balances, establish a prudent carry-forward margin, build balance discussions into its annual budget process, and make more informed and strategic decisions as a result. Hear how strong leadership and motivation, solid analysis and a process that engaged campus units strengthened central over sight while giving fiscal units the flexibility they need.
Maria Anguiano, University of California, Riverside
Kelly Ratliff, University of California, Davis
Su-Lin Shum, University of California, Davis
|1:00 pm||Data-driven Planning and Budgeting for Net Tuition Revenue|
Speaker(s):A financial aid consultant and chief financial officer explain how predictive modeling and simulations can establish realistic financial aid, enrollment, and net tuition revenue (NTR) targets for incoming students. Also discussed is how this methodology becomes a tool for understanding and communicating budget expectation tradeoffs (for example, how much does lowering financial aid costs impact quality, class size, and total NTR.) In addition, this session will demonstrate the importance of using a cohort-based approach to project the overall financial aid budget, total undergraduate enrollment, and total NTR.
Michael Frandsen, Oberlin College
Kathy Kurz, Scannell & Kurz, Inc.
|1:00 pm||Performance Measurements – A Shared-governance Budget Reduction Model|
Speaker(s):This presentation will describe the process that a comprehensive-doctoral public institution used for recommending budget decisions during a time of significant budget reductions. Hear how the university adopted a process that involved all academic and support units across campus. Attendees will gain insight into ways to maximize transparency and campus-wide participation in budget decisions by analyzing the discovered strengths and weakness of the university’s participatory and outcomes-based approach. Lessons learned will be provided for those considering implementing a collaboratively designed cost-cutting process.
Erin Frew, Colorado State University-Pueblo
Brad Gilbreath, Colorado State University-Pueblo
Bruce Raymond, Colorado State University-Pueblo
Carl Wright, Colorado State University-Pueblo
|2:15 pm||Refreshment Break|
|2:30 pm||Mission Achievement Planning|
Speaker(s):Metropolitan Community College received reaccreditation this past year and the final report said, “The College should be commended for its systematic approach to institutional planning and resource utilization.” The focus of this presentation is to demonstrate a fairly simple, yet comprehensive way to encourage mission achievement throughout your organization. This session will address the philosophy behind mission achievement planning, explore the challenges discovered, and examine how to keep moving forward to succeed. Idea sharing and scenarios from attendees will be encouraged to promote and illustrate the spirit of the school’s change efforts.
Gordon Jensen, Metropolitan Community College
|2:30 pm||Strategic Planning as an Iterative and Integrated Process|
Speaker(s):Too often strategic planning happens in a vacuum, driven by accreditation requirements, a desire to validate institutional direction already in motion, or ignoring coordination with parallel efforts – like technology, facilities and fundraising planning. This session will walk through a replicable planning process that crossed boundaries to great benefit. In Pratt Institute’s recent case, the campus was saved from a building that shouldn’t have been built; the upshot – investing in initiatives that made sense. Hear how to get a better result: a strategic plan that integrates the best thinking across campus and fosters ownership because it reflects real needs and desired direction.
Edmund Rutkowski, Pratt Institute
|4:00 pm||How a National Cost Study Can Influence Planning and Budgeting|
Speaker(s):Using the Delaware Cost Study, this session explores strategies and tactics for (1) integrating data systems, (2) facilitating unit and institutional improvement through benchmarking activities and (3) implementing an integrated approach to planning, which offers several key advantages over traditional systems planning. Presenters also explore how a tuition dependent institution integrated Delaware Faculty Productivity data and institutional revenue data to develop a comprehensive view of the academic enterprise. Hear the process, see a visual presentation of transformed information, and understand why colleges need to intimately understand their cost structures.
John Barnshaw, University of Delaware
Michael Cogan, University of Saint Thomas
Christina Hegg, University of Saint Thomas
|4:00 pm||Retooling Your Financial Reserves|
Speaker(s):It’s an age-old question that many have revisited since the last recession: “How much money should my institution have in reserves?” Participants will learn about a data-driven approach to reserves that integrates with a multi-year financial plan. Presenters explore a two-phase, six-step methodology to retooling a public institution’s reserve policy from one that is arbitrary to one based on fact. The case study reflects tactics, tools, and learnings from several experiences – and highlights a financial reserves retooling led by its student affairs division. Attendees will be shown several tools and templates which can be shared electronically after the session.
Ben Aase, CliftonLarsonAllen LLP
Deirdre Hodgson, CliftonLarsonAllen LLP
Mathew Prakash, North Dakota State University Main Campus
|5:30 pm||Welcome Reception|