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Emerging Trends in Community College Finance

Emerging Trends in Community College Finance. Morris W. Beverage, Jr., E.D.M. President Lakeland Community College. Nationally – Developing Strategies. Nationally – Developing Strategies. Public Support and Tuition Setting Strategies Reaping economic and social benefits of education.

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Emerging Trends in Community College Finance

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  1. Emerging Trends in Community College Finance Morris W. Beverage, Jr., E.D.M. President Lakeland Community College

  2. Nationally –Developing Strategies

  3. Nationally –Developing Strategies • Public Support and Tuition Setting Strategies • Reaping economic and social benefits of education

  4. Public Policy Issues • Knowledge Economy • Human Obsolescence • Economic Development (as compared to Marketplace Development)

  5. Public Community College Revenues by Source

  6. Trends: Revenue Sources $31.5 Billion • State Support – 37% • Tuition and Fees – 19% • Local Support – 17% • Governmental Grants – 14% • All Other – 13%

  7. Ohio – Policy Issues • Developmental Learning • Convenience • Affordability • Enrollment Growth • Risk Factors of Students

  8. Ohio - Developing Strategies • Funding tied to Performance • Emphasis on Degree Attainment/ Persistence • Accountability and Efficiency Measures • Economic Leadership

  9. Ohio - State Support of Instruction • Ohio State Share of Instruction Methodology: • Collect Resource Analysis Cost for Each Subject Field-Level of Instruction Combination • Adjust the historical Resource Analysis Cost per FTE for costs paid from sources outside of SSI or Student Fees • Normalize each of the years cost by inflating the costs to the last available years data using historical CPI-U data. Estimate cost for the funding period using estimated HECA. • Collect Subsidy Eligible FTE • Calculate the 2-year and 5-year average FTE. • Higher Education Funding Commission Priority Weightings for Science, Technology, Engineering, Mathematics, Medicine, and Graduate by model. • Calculate the Uniform SSI by Campus, Subject Field, and Level of Instruction for both the 2-year and 5-year average FTE. • Calculate the Doctoral Set Aside for each institution with doctoral instruction • Calculate the NASF POM Protection for each campus. • Calculate the Stop Loss for each campus. • Calculate the Capital Deduction for Each Institution. • Notwithstanding the Calculation provide for sector level appropriations.

  10. Local Commitments • Diverse, Comprehensive Mission • Access • Quality • Meeting the Needs of the Regional Community

  11. Developing Local Strategies • Federal Support • Private Support • Efficiency Efforts • Energy Management • Collaborative Management • Tuition Policies • Differentiation • Discounting • Aid

  12. Concluding Slide • Thanks and such.

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