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2012 Managerial Analysis and Decision Support
December 6-7, 2012
Hyatt Regency Albuquerque
Albuquerque, NM
Overview
Managerial analysis and decision support is integral to well-run higher education institutions. College and university experts present core concepts and techniques needed to tackle resource allocation, financial management, costing, analysis, communication, and collaboration. Topics such as revenue forecasting, ratios, costing methodologies, budgeting, performance measurement, capital planning, pricing, the operating environment, overhead recovery, and management reporting are addressed. Case studies and group discussions add to the personal relevance of the information.
Who Should Attend
- Accountants
- Budget Managers
- Controllers
- Finance Administrators
- Institutional Researchers
- Planning Managers
What You'll Learn
- Analysis techniques that turn data into information
- Management reporting and related effective communication practices
- Knowledge of managerial analysis and decision support processes in higher education
- An understanding of planning and budgeting concepts and principles
- Experience applying measurement models to programs, departments, and infrastructure
Prerequisites
No prerequisites and/or advance preparation required.
Course Level
Intermediate
Estimated CPEs
Participants will be awarded up to 15 CPE credits. CPE credits can be earned in the following categories:
Management Advisory Services
Thursday, December 6
| 8:00 am | Registration and Continental Breakfast |
| 9:00 am | Introductions and Overview Speaker(s):
Melody Bianchetto, University of Virginia
Sue Menditto, NACUBO
Charles Tegen, Clemson University
NACUBO Staff, NACUBO Board Chair, and the Program Chair will introduce the objectives of the program and discuss the importance of managerial and analytical information to the higher education industry. Faculty background and introductions will also be provided. |
| 9:30 am | Resource Management: Overview and the Impact of External Pressures Speaker(s):
Melody Bianchetto, University of Virginia
This session will first provide a basic overview of resource management, including underlying principles behind operating and capital budgets and strengths and shortcomings of various budget methodologies. In addition, we will consider the changing external higher education environment with growing revenue constraints, an increasing emphasis on outcomes, and a growing emphasis on transparency and access. |
| 10:45 am | Refreshment Break |
| 11:00 am | Budget Tools Up Close and Personal Speaker(s):
Andrew Harker, Stanford University
If you want to do budgeting and forecasting in something other than Excel, what are your options? Spend some time viewing several budget tools used in higher education and fund accounting environments. |
| 11:00 am | Do You Know the Financial Health of Your Institution? Speaker(s):
Laurie Stickelmaier, The College of Wooster
Charles Tegen, Clemson University
Financial ratios can measure the financial health of an institution and determine the ability of an institution to sustain its mission. Learn how ratios help analyze (a) the ability to resource strategic objectives; (b) the level of spending flexibility; (c) the debt position; and (d) operating results and financial outcomes. |
| 12:15 pm | Lunch |
| 1:15 pm | How Much Does it Cost? Speaker(s):
Eileen McLoughlin, Rensselaer Polytechnic Institute
Charles Tegen, Clemson University
This session reviews costing and allocation methodologies. The methodologies illustrate how institutions determine the cost of programs, classroom instruction, research, auxiliaries, or initiatives. Also explored is how cost informs pricing decisions and optimizes overhead recovery. |
| 2:30 pm | Break |
| 2:35 pm | All Funds Budgeting Speaker(s):
Andrew Harker, Stanford University
Eileen McLoughlin, Rensselaer Polytechnic Institute
This approach to resource allocation is designed to concentrate on the full magnitude of operating, capital, and restriction complexities. Process and advantages of this budgeting approach will be presented from the vantage point of two very different institutions. |
| 2:35 pm | How Do You Stack Up? Speaker(s):
Charles Tegen, Clemson University
This session will show what national data can reveal about higher education finance. Trends in financial and student demand indicators, student loan defaults, tuition affordability, state and federal funding outlook, capital plans, debt, and credit ratings will be explored. |
| 3:35 pm | Refreshment Break |
| 3:50 pm | Performance Measurement and Data Warehouses Speaker(s):
Eileen McLoughlin, Rensselaer Polytechnic Institute
Internal and external measurement of operational effectiveness is the focus of this session. National trends and the recent focus of federal, state, and accreditation organizations on accountability and institutional effectiveness will be discussed. Additionally, data warehouses and the selection, display, and distribution of Key Performance Indicators (KPIs) will be reviewed. |
| 5:00 pm | Q&A SessionGeneral question and answer session to address topics and issues proposed by session participants. |
| 5:30 pm | Networking Reception |
Friday, December 7
| 7:30 am | Continental Breakfast |
| 8:00 am | A National Perspective on College Costs Speaker(s):
Rita Kirshstein
The Delta Cost Project aims to improve college affordability by focusing on cost and productivity metrics. Delta synthesizes nationally available data and releases annual reports and statistics on revenue and spending trends at nonprofit U.S. colleges and universities. The presentation reviews the key Delta metrics and tools available to users, and discusses gaps in our knowledge of higher education finance. Participants will also gain a greater understanding of the information needs of policy makers and other higher education stakeholders. |
| 9:20 am | Management Reporting: Effective Practices of Communication Speaker(s):
Andrew Harker, Stanford University
Laurie Stickelmaier, The College of Wooster
Most institutions have systems and processes to track financial data. This session will cover the financial information needs of decision makers across your institution. Information delivery will address meaningful data presentation, report formatting, and effective methods and styles of communication. |
| 9:20 am | Revenue Forecasting and Funding Methodologies Speaker(s):
Melody Bianchetto, University of Virginia
Eileen McLoughlin, Rensselaer Polytechnic Institute
Accurately projecting revenue streams at program, department, school and institutional levels are critical. Models that project and measure revenue research, gifts, state, sales and services, and alternative sources are reviewed. |
| 10:35 am | Refreshment/Checkout Break |
| 11:00 am | Developing a Comprehensive Capital Program: From Planning to Operating and Maintaining Facilities Speaker(s):
Melody Bianchetto, University of Virginia
Understand the steps needed to develop a comprehensive capital plan from initiating a well-considered project with a realistic budget to developing a solid financial plan to addressing ongoing operations and maintenance. |
| 11:00 am | Forecasting Tuition Revenue: Enrollment Management and Tuition Discounting Speaker(s):
Eileen McLoughlin, Rensselaer Polytechnic Institute
Accurately projecting revenue streams at program, department, school and institutional levels are critical. Review determination of enrollment management, tuition rates, and discounting practices. |
| 12:00 pm | Lunch |
| 1:00 pm | Moving Beyond Excel: Budget Entry, Monitoring, and Reforecasting Speaker(s):
Andrew Harker, Stanford University
Managing a budgeting and forecasting process through multiple spreadsheets can be cumbersome, time-consuming, and have limited analytical use. Hear how Stanford University is using a web-deployed process to improve budget formulation, performance analysis, and processes. |
| 2:00 pm | Implementing a New Budget Model Speaker(s):
Melody Bianchetto, University of Virginia
Eileen McLoughlin, Rensselaer Polytechnic Institute
Presenters will address various implementation stages: focusing on lessons learned through implementing major changes to an institution’s budget model. The discussion highlights getting started, model development and testing, implementation and training, hold harmless transitions, assessment of success, and maintenance. |
| 3:00 pm | Wrap Up SessionHave lingering questions from the various presentations? Want to exchange a few last ideas with a new colleague? Bring your questions, business cards, and contact information to the final wrap up session. |
| 3:30 pm | Program Adjourns |
Hotel
Hyatt Regency Albuquerque
Experience a delightful stay at Hyatt Regency Albuquerque. The renowned services, amenities and downtown location make this hotel the ideal choice for both business travelers and vacationers. Stroll along Albuquerque’s avenues to explore the shops and art galleries of the inviting city. Enjoy a leisurely walk to your event at the Albuquerque Convention Center just a short distance from the hotel.
Within this distinctly "Southwestern" feeling New Mexico hotel, you'll find state-of-the-art meeting venues, award-winning dining and spacious guestrooms that reflect the beauty of the surrounding Sandia Mountains. Discover Hyatt Regency Albuquerque on your next visit to this historic area.
Please click
here to reserve your room today!
Visit the Hyatt Regency Albuquerque website
for details, including restaurants, amenities, and nearby attractions.
Room Rate
Single:
$109.00
Double:
$109.00
For reservations, call 505.842.1234.
Rates are guaranteed until 11/8/2012, subject to availability.
Please review our registration policies.
Please Note: NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.
Speakers
Melody Bianchetto
Assistant Vice President for Budget & Financial Planning
University of Virginia
Andrew HarkerDirector, Budget Management
Stanford University
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Andrew Harker has worked at Stanford University for more than 20 years, where he currently is serving as Director of Budget Management in the University Budget Office. He has resposibility for oversight and management of the institution’s $4.5 billion consolidated budget, encompassing teaching, research, administration, auxiliary operations, and interaction with the two teaching hospitals that are part of the organization. Using a suite of Oracle systems, Dr. Harker has led the effort at Stanford to improve budgeting, finandial management and analysis, and collaboration across the university on financial issues.
Dr. Harker received his BA in Social Sciences from Swarthmore College, his MA in Higher Education Administration from New York University, and his Ed.D. in Higher Education Administration from the Executive Doctorate program in the Graduate School of Education at the University of Pennsylvania. In his dissertation, he studied the presentation of university financial information to board members and senior administrators, and how the form of presentation influences their decision processes, a topic of great concern to Stanford.
Andrew is also Principal with Ralph Harker Associates, a consulting company specializing in higher education financial information systems, with a focus on budgeting, forecasting, management, and reporting. Rita Kirshstein
Managing Director
AIR
Eileen G. McLoughlin
Director of Financial Planning & Budget
Rensselaer Polytechnic Institute
Sue Menditto
Director, Accounting Policy
NACUBO
Laurie W. StickelmaierVice President, Finance & Business and Treasurer
The College of Wooster
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Laurie L. Stickelmaier has been Vice President for Finance and Administration/Treasurer at The College of Wooster since March 2009. Prior to that appointment she served as Vice President for Finance and Administration at Saint Mary’s College at Notre Dame, Indiana for 5 years. From January 2000 to June 2004, Laurie was Vice President for Business and Finance at St. Mary’s College of Maryland, a public liberal arts college. From 1997 to 2000, she served as Chief Financial Officer for Rotary International and The Rotary Foundation of Rotary International in Evanston, Illinois. She came to Rotary after completing over nine years at Bradley University in Illinois, starting as bursar and leaving as controller. Overall, Laurie has served over 30 years in various financial, administrative and facilities management and construction roles.
Laurie holds a bachelors degree in Management and Accounting from the University of Illinois and a master’s degree in Accountancy from Bradley University, and she is a Certified Public Accountant (inactive). She is married to Rich Stickelmaier and together they have 7 children, 9 grandchildren, 5 great-grandchildren and pets Rosie, the beloved Yorkie, and Molly, the kitty. Charles A. TegenComptroller
Clemson University
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Charles Tegen is Comptroller at Clemson University. He is a certified public accountant with over 30 years experience in positions related to higher education and governmental accounting and financial reporting. His current responsibilities include the accounting, treasury and financial reporting areas at Clemson University
He has served as a member of the NACUBO Accounting Principles Council, serving as chair in 2002. He is a recipient of NACUBO’s Daniel D. Robinson award, which recognizes individual excellence and leadership in the advancement of college and university accounting and reporting. Charles has been a speaker at NACUBO and the regional associations, Government Finance Officers and the Association for Institutional Research professional development programs.
Charles currently serves as the Chair for the NACUBO Board of Directors. 
