ACUBO Campus Business Officer Benchmarking...
24
ACUBO Business Officer Benchmarking Tool Greg Deppong, Michigan State University Russ Hannah, Arkansas State University
Transcript of ACUBO Campus Business Officer Benchmarking...
ACUBO Business Officer Benchmarking Tool
Greg Deppong, Michigan State University
Russ Hannah, Arkansas State University
HOW MANY OF YOU ARE:A) PUBLICB) PRIVATE
Who’s Here?
HOW MANY OF YOU ARE:A) RESEARCHB) COMPREHENSIVE/DOCTORALC) SMALLD) COMMUNITY COLLEGE
Who’s Here?
USING STUDENT FTE, WHAT IS YOUR INSTITUTION’S SIZE?A) LESS THAN 1,000B) 1,000 TO 3,000C) 3,000 TO 10,000D) GREATER THAN 10,000
Who’s Here?
ARE YOU CURRENTLY USING THIS FREE BENCHMARKING TOOL PROVIDED TO ALL Cacubo, EACUBO, SACUBO AND WACUBO MEMBERS?A) YESB) NO
Who’s here?
Analytics Can Save Higher Education. Really. (AIR, EDUCAUSE & NACUBO)
https://changewithanalytics.com/statement/
We strongly believe that using data to better understand our students and our own operations paves the way to developing new, innovative approaches for improved student recruiting, better student outcomes, greater institutional efficiency and cost-containment, and much more.
Data are an institutional strategic asset and should be used as such.
NACUBO’s 2019 Perceptions and Prioritieshttps://medium.com/nacubo/2019-perceptions-and-priorities-6d37a043af26
The time has come for NACUBO, our members, and indeed all college administrators, presidents, chancellors, trustees, policymakers, and other fiduciaries to step back, take stock of what is working, and highlight trends that institutions can’t ignore if they want to keep delivering great value.
The complimentary Tool is available to all ACUBO member institutions. This means
more data for benchmarking and comparisons with peer institutions.
What is the ACUBO Benchmarking Tool?The ACUBO Benchmarking Project is a customized, all-in-one peer benchmarking service available on demand that provides for data collection, analysis and reporting to assist Business Officers with strategic decision making.
Create customized peer groups for comparison; several filters, including institution type, constituent group, location/region/state and size of institution.
ACUBO Benchmarking Tool - Guiding Principles
Prefer benchmark data that is not readily available in the industry
Fill a niche that hasn’t been met (successfully)
Data collection must be simple:
Easily Collected
Easily Submitted
Not overly time-consuming
Survey should produce more timely results than typical
Charts, graphs and reports should use consistent methodology
Benefits of the Tool
• Ability to compare yourself to your peers• Provides data needed to compare financial
measures to like institutions and to use those comparisons for decision making
• Longitudinal reporting• Primary data points consistent from 2012
• Allows for comparability throughout the years
• The Tool is FREE to ACUBO Institutions!
What Data is Collected?• Institutional Profile
• Institutional Details• Region, Type, Category, Outsourced services,
Athletics, Enrollment info• High Level Financial Information
• Appropriations, Auxiliary, Operating Revenue, Assets, Endowment
• Other Financial Information• Days Operating Cash, Tuition Discount, Budgeted
Depreciation
• Expenditures and square footage by function
• FTE for employees and students
Sources of Data
• Audited Financial Statements
• Employment data by functional area• Typically available from Human Resources
• Student enrollment, retention and graduation• Undergraduate enrollment• Graduate enrollment• Freshman retention rate• Undergraduate graduate rate
• Space data by functional area (new)
What do the ACUBOs do with the Data?
Data entered is completely for the benefit of the participating institutions
Over 200 Reports/Charts/Graphs included
Benchmarks Generated (sample)• Revenue and expense per FTE student
• Revenue and expense per FTE employee• Appropriations per FTE student (publics)• Expenditures per functional area• Staffing levels for support services
• Effectiveness benchmarks• Undergrad retention rate• Freshman retention rate
Confidentiality of results
You can only see your institution’s individual
results
Other institutional data appears as an average
Must have 5 or greater peer institutions (reporting)
to create a report
Live Demonstration
Arkansas State University & Michigan State University
Slides will be presented in the live session
TWO INSTITUTION’S APPROACH TO USING THE BENCHMARKING TOOL:
Summary
The ACUBO Benchmarking Tool is FREE!
It provides data needed to make strategic spending decisionsFunctional Spending
Redirecting resources to critical areas
Improving student-related outcomes
It is as powerful as institutions want it to be
Come join us!
