Challenge 4

FY13 implementation steps are presented for each goal supporting Challenge 4 within the strategic plan.

Goal  1:  Increase revenue and allocate resources consistent with institutional needs and priorities.

• Provide planned expanded funding for development operations. Build momentum for a future campaign through increased gift levels, refinement of messages and communication platforms, and activation of a volunteer network. Continues into FY 14-17.

Goal 2: Enhance efficiency and effectiveness of operations and identify opportunities for revenue generation or cost savings across the institution. Improve transparency of College revenue and expenditures across all sources and types of expenditures.

• Provide additional staff to meet State and College demands.
• Provide a $200,000 per year Creative Adaptation Fund for three years beginning in FY13 to improve the quality of our educational programs, either directly or indirectly, by reducing costs or generating net new revenues and thereby providing funds that can be reinvested in people and programs.*
• Reallocate costs or increase net revenues cumulatively by five percent of the FY12 E&G budget in each school over the next three-year period (FY13, FY14 and FY15) – beyond any increase provided by state allocations or generated through undergraduate tuition.* 

* Continues into FY 13-16.