Overview of Institutional Priorities Presidents Report Fall - - PowerPoint PPT Presentation

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Overview of Institutional Priorities Presidents Report Fall - - PowerPoint PPT Presentation

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Overview of Institutional Priorities Presidents Report Fall Assembly September 11, 2017 Primary Goal: Attain financial stability to provide a world- class liberal arts education for the next generation of professional leaders and model

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Overview of Institutional Priorities

President’s Report Fall Assembly September 11, 2017

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Primary Goal: Attain financial stability to provide a world-

class liberal arts education for the next generation of professional leaders and model citizens, and to serve as an educational resource for the community.

  • Priority 1: To invest strategically in a regional recruiter to focus on

recruitment efforts in Loudoun County and Fairfax County - - to impact enrollment.

  • Priority 2: To expand the Office of Sponsored Programs (OSP) to support

proposal writing and pre- and post-award services to PIs. (Director of OSP, Jessica Kump; Director of Strategic Research Initiatives, Dr. Jason Best)

  • Priority 3: To increase extramural funding by at least 10% each year over

the next five years to achieve a minimum of $3 million annually.

  • Priority 4: To advance public/private partnerships through Shepherd’s

Entrepreneurship and Research Corporation (SERC) - - to support ongoing and new initiatives.

Shepherd University

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E nr ol l ment Managem e nt

  • Shepherd Enrollment Fall 2017
  • Enrollment Strategies 2017-2018 (Fall 2018)
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Shepherd University

Fall 2017 Enrollment

Continuing Undergraduate Students

  • Continuing undergraduate (UG) students is lagging by 7%

compared to Fall 2016

  • 80% of UG students persisted from spring 2017 to Fall 2017

(+10% improvement when compared to last two years) New Undergraduate Students

  • Freshmen student enrollment is up 4.9% when compared to Fall

2016

  • Transfer student enrollment is even with Fall 2016

New and Continuing Graduate Students

  • Graduate student enrollment is up 5% compared to Fall 2016

Overall degree-seeking student enrollment is improving when compared to Fall 2015 and 2016.

Fall 2017 Enrollment census will be taken at the beginning of October.

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Shepherd University

Moving Forward – Key Strategies for 2017-2018 (Fall 2018)

Marketing and Recruiting

  • Ramping up Digital Marketing Campaign
  • Regional Recruiter - Loudoun and Fairfax Counties
  • Leverage Scholarships and Aid (Metro Scholarship and Academic

Department Tuition Waivers)

  • Multicultural Student Recruiting Initiative
  • Community College Partnerships, 2+2 Articulation Agreements
  • High School Dual Enrollment to FT Degree Seeking Pipeline - Fall 2018

Student Success (Retention)

  • Shepherd Success Academy-35 students currently participating in the

Academy

  • Probation Recovery Program
  • Summer Enrollment and Housing (Summer 2018)
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Fi na nci al O ver v i e w

  • Situation Analysis
  • Five-Year Plan
  • Actions
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Shepherd University

Situation Analysis

EXPENDITURES EXCEED REVENUES! Continuing Decline in Revenues:

  • Reduction in State Appropriations
  • Reduction in Tuition and Fee and Auxiliary Revenues due to declining

student enrollments Declining Cash Reserves

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Shepherd University

FY2018 Revenue Budget

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Shepherd University

ACTIONS for FY2017

  • $3 Million Reduction in Expenditures from FY2017 Budget Base:
  • Elimination of ALL Nonessential Administrative Travel
  • Review of ALL New Position Postings
  • “Sweeping” of ALL Departmental Capital Expenditures
  • Significant Reduction of Capital Projects to Preserve Cash
  • RFP to Outsource Bookstore
  • FY2018 Budget Based on Actual FY2017
  • Energy Savings
  • Contractor Savings
  • Vacancy Savings
  • Martinsburg Reduction
  • Closure of Early Learning Center
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Shepherd University

ACTIONS for FY2018

  • $2.7 Million Reduction Needed in Expenditures from FY2018 Base:
  • Pure Reduction Approach in Expenses by Function:
  • Instruction
  • Academic Support
  • Student Services
  • Institutional Support
  • Auxiliary Expenses
  • Combination Approach of “New” Revenue and Expense Reduction to

Net $2.7Million

  • EXAMPLE:
  • $542,500 “New Revenue” (50 “New Students” at $10,850)

Blended Tuition and Fee Rate

  • $2,157,500 in Expense Reduction
  • Other new sources of revenue will result in less expense

reduction

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Ac a demi c Af f ai r s

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Shepherd University

Academic Program Evaluation Metrics

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Shepherd University

SU Mean Number of Majors Program Area 2012-2016

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Shepherd University

Delaware Cost Study

  • Universal tool for benchmarking instructional costs, research, and

public service; expenditures at the academic discipline level;

  • Assists institutional data and unit alignment;
  • Assists in identifying cost distortions;
  • Ideal for program reviews and accreditation; and
  • Ideal for establishing new program or department projections.
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Shepherd University

Delaware Cost Study Comparison of Instructional Expenditure per SCH

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What’s new on the horizon

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  • To enhance the student experience
  • To advance Shepherd University’s reputation
  • To create new sources of revenue

“Projecting a positive image and outlook”

New Initiatives

Shepherd University

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To enhance the student experience

Shepherd University

Potomac Place Commuter Lounge Commuter Parking Lot

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To advance Shepherd University’s reputation

WV Research and Innovation Event at Shepherd University in partnership with Research!America

October 16, 2017 PROGRAM

Shepherd University

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To advance Shepherd University’s reputation

  • Last spring a total of 165 individuals attended a Lifelong Learning

course, event, tour or lecture.

  • FY2018 President’s Lecture Series

– September 19, 2017 - “The Environmental Sources of Lead and the Potential Effects of the Continuing Exposure to Lead for Children and Adults” – October 23, 2017 - “Discussion of American Intelligence Community from World War II to 2000 and Evolution of CIA” – November 27, 2017 - “Artificial Intelligence, the Promise and Peril”

  • Innovation Seminar and Networking Series

– September 12, 2017 - “Intuition + Analytics Innovation” – October 10, 2017 - “Knowledge Management, Trust, and Innovation” – November 14, 2017 - “Business Process Mining for Innovation”

  • Biennial Symposium, Humanities in the 21st Century

– October 26 and 27, 2017 - “Humanities and the Environment” – www.shepherd.edu/humanities

Shepherd University

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To create new sources of revenue

  • Development of Tabler Farm
  • Vets-to-Ag project (USDA and Shepherd Success Fund);

director position announced (new enrollments)

  • Entrepreneurship and food sustainability
  • Solar panels for energy production

Shepherd University

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To create new sources of revenue

  • Development of a venue

to host outdoor entertainment events similar to Ravinia and Wolf Trap

Potomac Performance Pavilion The site of future revenue.

Shepherd University

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To create new sources of revenue

Shepherd University

President’s Club and Shepherd Success Fund to Support Project Applied Business Pipeline

  • 10 work stations
  • 2 students/station
  • 20 work spaces
  • One model: Shepherd

charges $1K/space = $20K/year

  • Students are paid

$3K/each x 20 = $60K/year