1 / 14

Linking Strategic Planning and Budgeting August 16, 2017

Join Dr. Ed Magee, Vice Chancellor for Finance of the WV Council for Community and Technical College Education, as he discusses the disruptive forces affecting community colleges and how strategic planning and budgeting can help address these challenges. Learn about key performance indicators, financial indicators, and funding options to ensure your institution's success.

cjacques
Télécharger la présentation

Linking Strategic Planning and Budgeting August 16, 2017

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. COMMUNITY AND TECHNICAL COLLEGE SYSTEM OF WV MovingWest Virginia Forward Linking Strategic Planning and Budgeting August 16, 2017 Dr. Ed Magee, Vice Chancellor for Finance WV Council for Community and Technical College Education

  2. Disruptive Forces • Reduced state support. • The well of full paying students is declining. • The unbundled alternatives are improving. • Growing value gap.

  3. The Planning and Budgeting Cycle

  4. Composite Financial Index

  5. Composite Financial Index • Do we have enough resources to support our mission? Primary Reserve Ratio • Do we direct our resources toward what matters to us? Net Operating Revenue • Are we living within our means? Return on Net Position

  6. Strategic Planning • Mission • Vision • SWOT (Strengths Weaknesses Opportunity and Threats • Strategies • Goals • Objectives • Budget • Measurement

  7. Strategic Planning • Adaptable • Confront brutal facts and do not give up hope • Keep an open mind • Search for innovative solutions • Be competitive

  8. Key Performance Indicators • Facilities • Usage • Property Value • Campus Culture • Faculty Engagement • Retention • Student/Staff Ratio

  9. Operating and Capital Budgets • Are you Key Performance Indicators linked to your institution’s mission? • Are you getting the results that you hope to achieve? • If you are not, how might you adjust your budget to achieve those results?

  10. Financial Indicators

  11. Cash Management

  12. Funding Options • Increase Revenues • Increase Enrollment • Increase Retention • Decrease Production Costs • Increase Number of Students per Class • Share Services • Implement Guided Pathways • Centralize Scheduling • Reconsider Non Mission Centric Programs • .

  13. Questions

  14. Dr. Ed Magee, Vice Chancellor for Finance WV Council for Community and Technical College Education 1018 Kanawha Boulevard, East - Suite 700 Charleston, WV 25301 Phone: 304-558-0281 І Email: edward.magee@wvhepc.edu Web: www.wvctcs.org

More Related