|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):Explore an independent comprehensive institution’s efforts to address program creep—and its related resource allocation issues—by creating a model that calculates the financial contribution of each academic program. The model assigns revenues and allocates costs at the program level to reflect how well each covers its expenses at various levels of responsibility. The information is used to advise academic affairs about resource allocation and program portfolio management.
Ross Koenig, Rochester Institute of Technology
|10:15 am||The Myths and Perils of Looking at Carry-forward Balances|
Speaker(s):How should a university manage its carry-forward balances? 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. Hear how strong leadership and motivation, solid analysis, and a process that engaged campus units strengthened central oversight while giving fiscal units needed flexibility.
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. They also discuss 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 demonstrates 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, Shared Governance, and Budget Reductions|
Speaker(s):Learn about the organization-wide process a comprehensive-doctoral public institution used for evaluating budget requests during a time of significant budget reductions. 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. Those considering a collaboratively designed cost-cutting process will appreciate hearing about the lessons learned.
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’s recent reaccreditation report commended the college for its systematic approach to institutional planning and resource utilization. Learn the philosophy behind the college’s mission achievement planning, explore the challenges discovered, and examine how to keep moving forward to succeed. Presenters will demonstrate a fairly simple, yet comprehensive, way to encourage mission achievement throughout your organization. In turn, attendees are encouraged to share ideas and scenarios that 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 or a desire to validate institutional direction already in motion—or it lacks coordination with parallel efforts related to technology, facilities, and fundraising planning. This case-study session offers a replicable planning process used by Pratt Institute to save the campus from a building that shouldn’t have been built and, instead, invest in initiatives that made sense. Learn how to develop 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 integrating data systems, facilitating unit and institutional improvement through benchmarking activities, and implementing an integrated approach to planning. Presenters also explain how a tuition-dependent institution integrated Delaware Faculty Productivity data and institutional revenue data to develop a comprehensive view of the academic enterprise. Hear how the process works, 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 often revisited since the last recession: How much money should my institution have in reserves? Attendees will learn about electronic tools and templates and 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 arbitrary reserve policy to one based on fact. The case study reflects tactics, tools, and lessons from several experiences and highlights a financial reserves retooling led by the student affairs division.
Ben Aase, CliftonLarsonAllen LLP
Deirdre Hodgson, CliftonLarsonAllen LLP
Mathew Prakash, North Dakota State University Main Campus
|5:30 pm||Welcome Reception|