Chancellor s Workgroup: Fund the Vision

Transcription

1 Chancellor s Workgroup: Fund the Vision Sharon Boyd AVC, Business Services Dr. Rob Burrus Dean, Cameron School of Business Dr. Carrie Clements Professor, Dept. of Psychology Dr. Jennifer Horan Associate Professor, Dept. of Public & International Affairs Stefanie Powell Chief Audit Executive Dr. Bob Roer Professor, Biology & Marine Biology Dr. Aswani Volety Dean, College of Arts and Sciences Christy Ward, Chair AVC, University Advancement Cabinet Representative: Dr. Rick Whitfield, VC Business Affairs Special Thanks To: Eddie Stuart, VC University Advancement Sara Thorndike, AVC Finance and Controller

2 UNCW Actual Revenue By Source FY 14

3 Fund the Vision Areas of Focus 1. Legislative Advocacy 2. Enrollment Growth Tuition/Fees 3. Efficiencies, Procurement and Resource Allocation 4. Grants and Contracts (including Federal) 5. Auxiliary Services 6. Private Support Institutional (Academic and Student Life) Athletics (Gifts, Ticket Sales, Sports Marketing)

4 Fund the Vision Goals 1. Ensure the state continues to support the institution 2. Strategically manage enrollment and tuition/fees to maximize funding 3. Maximize opportunities for fiscal sustainability and institutional efficiencies 4. Increase extramural research funding 5. Ensure auxiliary services provide value to students and the university 6. Increase private support through best fundraising practices

5 FUND GOALS 1. Ensure the state continues to support the institution Legislative Advocacy Educate legislators and the public about the positive economic impact of UNCW Increase # of face to face meetings between UNCW and state legislators by X% Publicize economic impact of UNCW Chancellor Asst. to Chancellor, Govt. Relations Exec. Dir., UR Faculty Senate President Faculty Assembly Reps Immediate Increase involvement in legislative advocacy by key faculty, volunteers and friends of UNCW Identify X key members of the faculty leadership, and other advocates who help convey key messages from UNCW to the legislature to ensure that UNCW participates in appropriations favorably compared to system peers Exec. Dir., UR Asst. to Chancellor, Govt. Relations Faculty Senate President Faculty Assembly Reps Immediate

6 FUND GOALS 1b. Ensure the state continues to support the institution Legislative Advocacy Advocate for an increase in the carry forward percent allowed, to increase fiscal prudence on campus, and to give the campus increased flexibility Advocate to ensure that R&R funds are built into every budget Identify X key advocates, including trustees, who can carry forward to the legislature the benefit of this increase Maximize the carry forward Maximize R&R in state biennium funding Asst. to Chancellor, Govt. Relations Immediate Advocate for modification of the summer school restricted use of funds rules, so that revenue may be used outside of summer school term Identify and educate X key advocates, including trustees, who agree to carry forward to the legislature the benefit of this change; Generate $X in actual new net revenue Asst. to Chancellor, Govt. Relations Immediate

7 GOALS FUND 2. Strategically manage enrollment and tuition/fees to maximize funding Tuition and Fees Model the relationship between enrollment growth and tuition/fees increases to assess optimal timing for tuition/fees changes and enrollment growth Create objective model of change impacts to enrollment and tuition/fees AP Enrollment AP Institutional Research & Assessment Academic Deans Ongoing, beginning Spring 2016 Consider optimal tuition differentials (both existing and new) for selected programs Assess viability of existing and new tuition differentials for programs within each college Academic Deans Ongoing, beginning Spring 2016

8 GOALS FUND 2b. Strategically manage enrollment and tuition/fees to maximize funding Graduate enrollment Increase graduate enrollment funding through existing programs Increase enrollment in existing, targeted, highrevenue programs that can be scaled according to 12 cell matrix and incorporate TAs as appropriate Dean of Grad. School Academic Deans Dept. Chairs Graduate Coordinators Ongoing, beginning Fall 2016 Increase # of graduate programs Obtain approval for existing requested new programs Work with departments on new program concepts Develop business plan for X new graduate programs Request approval for X new graduate programs Dean of Grad. School Academic Deans Dept. Chairs Graduate Coordinators December 2015 Summer 2016 December 2016

9 GOALS FUND 2c. Strategically manage enrollment and tuition/fees to maximize funding International and on line enrollment Increase international applications, enrollment and funding Ensure that UNCW is present at X targeted international college fairs Form X new partnerships with universities outside the U.S. to drive student exchange AP Enrollment AVC International Academic Deans Ongoing, beginning Fall 2016 Increase enrollment in face to face and on line programs that maximize funding based on the 12 cell matrix Obtain approval for existing requested new programs Work with departments on new program concepts Academic Deans Dept. Chairs Ongoing, beginning Fall 2016

10 GOALS FUND 3. Maximize opportunities for fiscal sustainability and institutional efficiencies Efficiencies, Procurement and Resource Allocation Consider and leverage current and future debt refinancing opportunities directing interest savings to strategic goals $500, $500, $500, $500,000 VC UA 5 year plan, with ongoing review Commit a portion of future tuition increases (CITI) to address faculty and staff salary compression and inversion % market % market % market CITI committee VCs 5 year plan, with ongoing review

11 GOALS FUND 3b. Maximize opportunities for fiscal sustainability and institutional efficiencies Efficiencies, Procurement and Resource Allocation Ensure that each nonacademic center and institute is self sustaining Require 5 year sustainability plan for each non academic center and institute Academic Deans AP Research Ongoing, beginning Spring 2016 Evaluate campus procurement policies Explore collaborative purchasing arrangements with state and sister institutions Implement plans based on evaluation and exploration Ongoing, beginning Spring 2016

12 FUND GOALS 4. Increase extramural research funding Grants and Contracts Increase University financial support for research through increased capacity and expertise in SPARC Hire X experienced FTE who are proven collaborators to work with current faculty and increase research opportunities AP Research Dir., SPARC Hiring over 2 years Incentivize faculty to attract research funding Develop and implement equation for teaching load reduction based on grant acquisition Increase Cahill grants from $60K to $200K per year, and limit grants to seeding proposals Create mechanism for faculty feedback related to extramural funding processes Provide course release incentives for PI faculty engaged in writing grant applications valued at $500K + DC AP Research Academic Deans Dept. Chairs Fall 2016

13 FUND GOALS 4b. Increase extramural research funding Grants and Contracts Train administrative staff across the university in grant administration process Provide training for all newly hired academic administrative staff on grant acquisition Provide annual professional development training on best practices/changes thereafter AVC HR AVC Finance AP Research Dir., SPARC Ongoing, beginning Fall 2016 Annually Provide grant writing workshops for various disciplines Provide opportunities for faculty to meet with funding agency representatives Hold four workshops annually Agency representatives brought to campus at least one per semester Bimonthly trips to DC for oneon one meetings with program directors AP Research Dir., SPARC Academic Deans Ongoing

14 GOALS FUND 5. Ensure auxiliary services provide value to students and the university Auxiliary Services Continue managing auxiliaries contracts and investments soundly and manage distribution of net revenue to support strategic priorities of the university Distribute $600K in FY Increase distributions commensurate with enrollment growth, CPI and revenue growth AVC, Bus. Svcs. VC SA AD Ongoing Leverage the UNCW brand and increase licensing revenue to support strategic priorities of the university Distribute $100K in FY Increase distributions commensurate with brand growth AVC, Bus. Svcs. VC SA AD Ongoing

15 FUND GOALS 6. Increase private support through best fundraising practices Private Support Mount a comprehensive fundraising campaign to attract philanthropic support to build a great university Develop a campaign goal and timeline through analysis of prospect and alumni pool as well as fundraising results data Identify funding priorities, targets and naming opportunities for the comprehensive campaign to support great students, faculty, programs and facilities VC UA AVC UA Deans/Directors June 2016 Continue to incorporate best practices into the university s fundraising programs Meaningfully engage, recognize, honor and cultivate alumni and friends Call on prospective donors with frequency and intentionality Target communication and marketing toward building institutional support Chancellor VC UA Deans Exec. Dir. UR Ongoing

16 FUND GOALS 6b. Increase private support through best fundraising practices Private Support Goal Metric Metric Name Name Time Goal Metric Metric Name Name Time