Board of Regents FY2018 Operating Budget Approval Special Meeting - - PowerPoint PPT Presentation

Board of Regents FY2018 Operating Budget Approval

Special Meeting June 27, 2017

Operating Budget Summary

(unrestricted general funds in millions of $)

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Bud Budget Gap Gap FY17 Base Funding 325.0 FY18 Proposed Base Funding 317.0 Base Budget Reduction (8.0) Compensation & other fixed cost increases (3.0) Budget Gap (11.0) Plan to Fund Budget Gap Reallocations 5.0 Program & Service Reductions 6.0 Budget Gap Funding 11.0 Str Strategi gic Investments (6.0) Plan to Fund Strategic Investments Unreserved Fund Balance/Reallocations 4.9 SW Working Capital Fund 1.1 Strategic Investment Funding 6.0

FY18 Strategic Investment Areas

The Strategic Pathways process has identified numerous priorities for improved programs and services.

• 1. Student Success /Enrollment

Aggressive marketing, recruitment and retention programs to increase student enrollment. Improve student outcomes through predictive analytics. Improve student experience through increased faculty collaboration and course and program consistency across campuses.

• 2. Research

Grow research capacity for academic excellence and to leverage additional funds.

• 3. Workforce Development and On-line Program Development

Expand workforce programs (e.g., nursing and teacher preparation) and online program development and delivery.

• 4. Process Improvement/Automation

Integrate and automate back office systems to improve service and reduce long term costs in IT, IR, HR, Finance, and Student Services.

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Proposed FY18 Strategic Investment Targets

(in millions of $)

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Investment Area Funding Source Enrollment: Marketing/Advertising $2.1

• Univ. Unreserved Fund Balance/Reallocation

UAA 1.1 UAF 0.75 UAS 0.25 Research $1.8 SW Unreserved Fund Balance UAA 0.3 UAF 1.4 UAS 0.1 Workforce Development & On-line Program Development $1.0

• Univ. Unreserved Fund Balance/Reallocation

UAA 0.7 UAF 0.2 UAS 0.1 Process Automation $1.1 SW Working Capital Fund Total Strategic Investments $6.0

Student Success /Enrollment

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Aggressive marketing, recruitment and retention programs to increase student enrollment. Improve student

• utcomes through predictive analytics. Improve student experience through increased faculty collaboration

and course and program consistency across campuses. This investment area will be funded with university unreserved fund balance and/or reallocation. Each university’s contribution to this investment area is as follows:

UAA UAF UAS SW

Strategic Investment $2.1M $1.1M $750k $.25M Add’l Investments $730k TBD $50k $180k $500k Initiative

• Projects in Student

Services and Advancement aimed at student success and enrollment marketing

• Create Vice Provost for

Student Success

• ANSEP (enrollment)

ANSEP project enrolls students in UAA classes

• Recruitment –

contractor support for existing software deployment

• Digital & Traditional

Marketing

• Articulation Agreements

(2+2)

• Admissions Recruiter
• Military/VA Coordinator
• Marketing Online

Programs

• Micro-Targeting Analyst
• Explore high potential

growth areas: BAM or Sports/Recreation & One Health Masters Finish College Alaska

• adult degree

completion Stay On Track

• support on-time

completion Chancellor’s Housing Award

• retaining talented

students Transfer Student Recruiting

• promote transfers from

AK campuses and Lower 48 Statewide Marketing

Research

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Grow research capacity for academic excellence and to leverage additional funds. This investment area will be funded with Statewide Services unreserved fund balance. Each university’s contribution to this investment area is as follows:

UAA UAF UAS SW

Strategic Investment $1.8M $300k $1.4M $100k $1.8M funded by SW Add’l Investments $753k TBD $730K $23K Initiatives

• Research

institute support

• Matching

funds

• MRI lab support
• CNSM Joint

research/education support

• R&R fund for

research equipment & match needs

• Research institute

support Alaska Coastal Rainforest Center

• collaborative

research grants Collaborative research with UA partners

• EPSCOR, INBRE,

BLaST

• collaborative

research in fisheries and mariculture

Workforce Development and On-line Program Development

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UAA UAF UAS

Strategic Investment $1M $700k $200k $100k Add’l Investment $55k TBD $30k $25k Initiatives

• Reshaping Nursing

Education Delivery in Alaska

• Career and

Technical Education

• e-Learning
• Degree completion

initiatives

• eLearning Recruiter
• Convert courses to
• nline
• Support for Tribal
• Mgmt. or Allied

Health Alaska College of Education

• faculty/staff engagement

in NWCCU proposal

• coordinate statewide

‘grow our own’ teacher marketing Innovative hybrid/online classrooms

• enhancing innovation,

access, quality Expand workforce programs (e.g., nursing and teacher preparation) and online program development and

• delivery. This investment area will be funded with university unreserved fund balance and/or reallocation. Each

university’s contribution to this investment area is as follows:

Process Improvement/Automation

Investment $1.1 million annually over the next three years from the Statewide working capital fund. Integrate and automate back office systems to improve service and reduce long term costs in the following areas:

• Information Technology
• Institutional Research
• Human Resources
• Finance, and
• Student Services

Examples and systemwide benefits include:

• Travel system: apply discounts, streamline travel processing and reporting
• Job form/process automation: reduce time, effort, and errors
• Automated workflows: saves time and reduces errors

8 June 27, 2017