UNIVERSITY FORUM. February 13, 2014

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1 UNIVERSITY FORUM February 13, 2014

2 AGENDA Welcome Newer faculty, administration, staff Community Policing Officers Dan Ulrich Nate Poke Budget Guidelines and Parameters Academic Realignment (Barb) Strategic Plan

3 HIGH FIVES Custodians and Maintenance Staff BFG - Big Friendly Giant Production Admission and School of Nursing Nightingale Scholarship Competition (Health Science tomorrow) Faculty Scholarship Starfish Results - Spring Semester Retention - 92%, previous years - 91%, 90% Professional Development & Hospitality Committees

4 Higher Education Environment Fall Forum - Unrelenting pressure and attention to cost/value of higher education Metrics of value Price/Cost (tuition freezes WI/MN) Time to graduate (retention and grad rates) Job placement rates Starting salaries Student Debt Listings, Ratings, and Scorecards

5 BUDGET APPROACH AND PRIORITIES Financial Planning Assumptions Cost Pressure Realistic enrollment projections Alignment with current strategic plan and planning assumptions in next plan (See documents on President s Webpage)

6 BUDGET PARAMETERS TUITION AND FEES FOR Undergraduate tuition +2% Previous years increases >08-09: 3%, 3.75%, 4.5%, 3.5%, 3.5%, 4.5% New rate = $23,790 tuition and fees National Average in ($30,094) WAICU Lowest Quartile Graduate Tuition and other +2% CAL Online reduction ($465 to $410; -$72,000 revenue impact), Online Associate new structure ($220/credit) Room & Board Charges +3%

7 BUDGET PARAMETERS ENROLLMENT ASSUMPTIONS FT UNDERGRAD 1,466 2 SEM AVERAGE initial budget 1456, approximately 17 full-time students short FT goal 460 (325 fr, 135 tr) goal in =500; actual fall 434 (303 fr, 131 tr) Graduate: enrollment/revenue same as CAL enrollment/revenue same as ; expansion of online courses outside current budget model

8 BUDGET PARAMETERS MAJOR EXPENDITURES COMPENSATION PLAN ($241,000)* CONTINGENCY ($1.1 M) PHYSICAL PLANT ($1M) Projects (requests - $5 m) reviewed by Cabinet 2/12/14 Steam line ($135,000), Treacy and McDonald Renovation + $200,000 in and HEALTH INSURANCE PREMIUMS +5% UTILITIES +3%

9 BUDGET PARAMETERS COMPENSATION PLAN ($241,000) DEPENDENT ON RESOURCES 1% ATB (consistent with CPI and many employers plans) Faculty Promotions ($47,000) Non-Faculty Retention/Recognition ($30,000) Does not include minimum $1,000 increase (+$191,000)

10 BUDGET PARAMETERS HEALTH INSURANCE migration to 80/20 82/18 PACKAGE 5% INCREASE BUDGETED ACTUAL PREMIUM INCREASE TBA; future effects of ACA uncertain HEALTH INSURANCE COSTS Viterbo Contribution $2,650,000 Employee Contribution 550,000 $3,200,000 At 82/18% and 5% increase in rates: Family plan monthly increase $29.08 ($349/yr) Single plan monthly increase $11.98 ($144/yr)

11 BUDGET PARAMETERS Technology Nursing Center Simulation Warranties ($70,000) CRM annual fee ($79,000) Starfish annual fee ($17,500) Computer Committee ($613,000) cabinet 2/12/14 HLC Quality Improvement Project ($30,500)

12 BUDGET PARAMETERS PERSONNEL No new full time positions, some enhanced positions approved in previous budget cycles/plans J.V. men s soccer: from part time to full time Community Policing Three Year Commitment Eliminated one dean s position and one adm/fac ed. leadership position All other personnel positions remain in budget model

13 CURRENT PICTURE FALL ENROLLMENT (2/12/14) FRESHMEN: APPS. - 4% ACCEPTANCES - 6% T. DEPOSITS +10% H. DEPOSITS +11% TRANSFER: APPS - 9% DEPOSITS + 6% (small #)

14 CURRENT PICTURE FY FINANCIAL PERFORMANCE ON TRACK (but tight) MASTER OF ARTS IN EDUCATION (Iowa below, Wisconsin above last year s revenue) PHYSICAL PLANT PROJECT UPDATES SAN DAMIANO CHAPEL BROPHY CENTER OUTDOOR ATHLETIC COMPLEX

15 New Initiatives Online Proposals Associate Degree 10 new courses Humanities 3 +1 (MASL or MBA) Humanities and Social Science Visit Days Initiatives in China CRM Implementation Virtual Campus Tour Guaranteed Paid Internships

16 Academic Realignment KUDOS TO LEADERSHIP TEAM, DEANS AND FACULTY BARB: NEW PARTNERSHIPS EMERGING College 1: SCHOOL OF FINE ARTS AND HUMANITIES DIVISION College 2: SCHOOL OF NURSING, HEALTH CARE SCIENCE, SOCIAL SCIENCES, MSMHC

17 Academic Realignment NEW PARTNERSHIPS (CONT.) College 3: SCHOOL OF EDUCATION, NATURAL SCIENCES AND MATHEMATICS DIVISION College 4: DAHL SCHOOL OF BUSINESS, ORGANIZATION AND COMMUNICATION STUDIES, PROFESSIONAL AND ETHICAL DEVELOPMENT, CENTER FOR SERVANT LEADERSHIP, AND MASL CENTER FOR ADULT LEARNING CENTER FOR GRADUATE STUDIES

18 STRATEGIC PLAN BOARD RETREAT OCT STRATEGIC ISSUES ACADEMIC PORTFOLIO RECRUITMENT AND RETENTION PRICING, DISCOUNTS, COST REDUCTIONS INNOVATION AND TECHNOLOGY PLANNING ASSUMPTIONS - ON WEB Institutional Ethos, Internal Planning Principles (15), External Environment (11)

19 STRATEGIC PLAN Next steps: Drafting Team Frame Institutional Priorities and Goals Feedback Loops from Community Draft to Board of Trustees May 19

20 TOGETHER HIGHER EDUCATION AND VITERBO ARE IN A RESOURCE CONSTRAINED ENVIRONMENT WE WILL GROW OUR WAY OUT, NOT CUT OUR WAY OUT!