All University Meeting August 17, 2010
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Transcript of All University Meeting August 17, 2010
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All University MeetingAugust 17, 2010
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TOPICS
• Transitions• Update on Last Year’s Goals• Budget Context• Plans for the Coming Year
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TRANSITIONS
• Provost Search• University College Launched• Vice President for Finance
and Administration• Searches Underway
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UPDATE ON LAST YEAR’S GOALS
Goal:
“Increase recruitment, retention and student success”
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ENROLLMENT IS UP
Overall Enrollment:4.4% over Fall 20093.7% over Fall 2008
Domestic New Entering Freshmen: 17% increase over Fall 20097% increase over Fall 2008
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ENROLLMENT IS UP
Domestic New Entering Transfers:2% increase over Fall 20095% increase over Fall 2008
Grad Students:28% increase over Fall 200988% increase over Fall 2008
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ENROLLMENT IS UP
Returning Students:Up 1%
FTE: Up 4.6%
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UNDERREPRESENTED STUDENTS
New recruiter position added
Summer bridge program initiated
Opened American Indian Resource and Research Center
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LIVING LEARNING COMMUNITIES
This year: 10 communities- 280 students
+ Discovery Community- 20 students
Last year: 4 communities- 85 students
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UPDATE ON LAST YEAR’S GOALS
Goal:
“Assure quality and efficiency in all areas of the University”
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RECOGNITION OF ACADEMIC QUALITY
School of Business accredited by AACSB
Construction Management reaccreditedHLC campus visit scheduled for online
programs
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ASSURE EFFICIENCY
Significant improvements in cost recovery ratios for departments and programs
Structural reorganizations and LEAN business processes have decreased base budget and increased efficiency
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UPDATE ON LAST YEAR’S GOALS
Goal:
“Increase external recognition,
alumni engagement and fundraising”
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UPDATE ON LAST YEAR’S GOALS
Increase recognition, alumni engagement and fundraising
Market and brand research and a new website
“Millennial” alumni effort taking offAlumni Foundation’s best year ever
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FOUNDATION’S BEST YEAR EVER
55% increase in receipts over 2009
$2,266,210 in 2010*
$1,525,000 in 2009
*Does not include the $2,000,000 challenge pledge made by Russ & Ann Gerdin for the Wellness Center!
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UPDATE ON LAST YEAR’S GOALS
A stable fiscal model into 2012 and beyond
Base budget personnel costs have decreased $1M since last year
Energy costs have decreased $.395M or 17%
Summer session net revenue held at $1.3M
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UPDATE ON LAST YEAR’S GOALS
Complete a new strategic plan
Strategic plan completed and in implementation
Campus master plan completedIntegrated planning and reporting
calendar developed
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BUDGET CONTEXT
The pastBudget gap into 2010 biennium was 14%About the same size as the mid 90s
challengeSolved with increased revenue and
decreased expensesThought the economy would bounce back
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BUDGET CONTEXT
The present
State covering 40%-- down from 48% in 2009
Significant cut expected for 2012Temporary positions serve as buffer
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BUDGET CONTEXT
The future
A slower recovery than first expectedTuition increases can’t fully make up the
differencePlanning for fiscal sustainability
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PLANS FOR THE COMING YEAR
Initiative 1: high-quality mission-oriented academic programs and services
•Focus on learning expectations and assessment
•HLC accreditation for online offerings•Increase online and hybrid courses
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PLANS FOR THE COMING YEAR
Initiative 1: high-quality mission-oriented academic programs and services
•Focus on faculty mentoring and engaged learning
•Review programs and curricula to meet current and future needs
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PLANS FOR THE COMING YEAR
Initiative 2: Increase enrollment and student success
• By Fall 2011, increase enrollment and tuition revenue by 6% over Fall
• Improve retention and graduation rates• Provide programming and facilities and
improve services and efficiency
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PLANS FOR THE COMING YEAR
Initiative 2: Increase enrollment and student success
•Improve compliance with MnSCU transfer curriculum
•Implement strategic plan in Athletics
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PLANS FOR THE COMING YEAR
Initiative 2: Goal: Provide programming and facilities to enhance student recruitment and retention as well as improve campus services and efficiency.
• New locations for campus offices• King Hall classroom remodeling• Grantham Hall rooms renovated
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PLANS FOR THE COMING YEAR
• Planning for Frick Hall first floor remodel• Printing/Publications personnel to Weld• Some printing functions to Copies Plus• Bookstore remodeled to fit post office• Old post office space used to expand food
service/convenience store offerings
Initiative 2 Goal: Provide programming and facilities to enhance student recruitment and retention as well as improve campus services and efficiency.
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PLANS FOR THE COMING YEAR
• Begin planning for CMU renovation
•Wellness Center/Nemzek intramural collaboration
•New campus way finding signs
Initiative 2 Goal: Provide programming and facilities to enhance student recruitment and retention as well as improve campus services and efficiency.
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PLANS FOR THE COMING YEAR
Initiative 3: Strengthen relationships with key stakeholders
•Continue to build market position, identity and brand
•Engage new alumni and increase regional and programmatic alumni groups
•Develop student/alumni mentorship and internship opportunities
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PLANS FOR THE COMING YEAR
Initiative 3: Strengthen relationships with key stakeholders
•Increase donors by 5% over baseline•Increase money for scholarships by 5% over baseline
•Increase cash and pledges by 25%
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PLANS FOR THE COMING YEAR
Initiative 4: Develop sustainable infrastructures consistent with our caring community
•Decrease base budget and increase revenue in preparation for decreased state appropriation
•Work to avoid layoffs where possible; maintain programs, quality and accountability
•Plan long term sustainability with decreased state appropriations
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PLANS FOR THE COMING YEAR
Initiative 4: Develop sustainable infrastructures consistent with our caring community
•Continue improvements in energy efficiency•Increase net summer session revenue by at least 25%•Improve internal controls for business practices
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FEEDBACK
Q & A