Objectives Include Funding, Facilities, Risk-Management
Grow and diversify revenue ensuring financial sufficiency and flexibility to support MSU’s mission
Measure 1:
External funding (non student aid)
2016 Target:
Increase from $18 million to $25 million
Source: Aspirational based on history and need
Tactics:
Accountability:
Increase the number of grant funded proposals submitted to private, state and federal agencies to secure more external to support the University's mission
Vice President of Research and Economic Development in coordination with the decision-makers at the University
Measure 2:
Other sources of revenue
2016 Target:
Develop new sources of revenue from our traditional tuition structure
Source: Aspirational based on history and need
Tactics:
Accountability:
Dedicate resources to fundraising to generate additional gifts
Vice President for University Advancement in coordination with the decision-makers at the University
Maximize investment income per the Investment Policy
Chief Financial Officer in coordination with the decision-makers at the University
Create new revenue streams
Chief Financial Officer in coordination with the decision-makers at the University
Allocate resources, including debt, strategically to achieve MSU’s mission and vision
Measure 1:
Expendable financial resources to direct debt
2016 Target:
Remain above the median annual baseline, Median FY2009: .89
Source: Moody's Annual US University Medians for Aa3 rating
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Measure 2:
Total financial resources to direct debt
2016 Target:
Remain above the median annual baseline, Median FY2009: 1.53
Source: Moody's Annual US University Medians for Aa3 rating
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Measure 3:
Annual debt service coverages
2016 Target:
Remain above the median annual baseline, Median FY2009: 2.49
Source: Moody's Annual US University Medians for Aa3 rating
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Manage fiscal assets prudently to ensure the University operates within its means
Measure 1:
Total financial resources per student
2016 Target:
Strive to increase total financial resources per student to move closer to the median baseline, Median FY2009: $14,913
Source: Moody's Annual US University Medians for Aa3 rating
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Measure 2:
Expendable financial resources to operations
2016 Target:
Remain above the median annual baseline, Median FY2009: .43
Source: Moody's Annual US University Medians for Aa3 rating
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Measure 3:
Annual operating margins
2016 Target:
Remain above the median annual baseline, Median FY2009: 0.9%
Source: Moody's Annual US University Medians for Aa3 rating
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Measure 4:
Monthly days cash on hand
2016 Target:
Strive to maintain above $40,000,000 of general operating fund cash and investments balance
Tactics:
Accountability:
Review reserve balances (carry-forwards) periodically and monitor spending closely
Chief Financial Officer in coordination with the decision-makers at the University
Invest University funds according to the Investment Policy
Chief Financial Officer in coordination with the decision-makers at the University
Review maturities of investments so that appropriate cash is on hand for operating purposes
Chief Financial Officer in coordination with the decision-makers at the University
Measure 5:
Total-Composite Financial Indicator Score
2016 Target:
Remain within the Public Institutions Composite Index the Zone “Above” as reported annually buy the Higher Learning Commission, current index 1.1 to 10
Tactics:
Accountability:
Monitor financial health of the University on a regular basis
Chief Financial Officer in coordination with the decision-makers at the University
Consider financial strength as new initiatives or projects are considered
Chief Financial Officer in coordination with the decision-makers at the University
Review ratios annually so adjustments can be made as needed
Chief Financial Officer in coordination with the decision-makers at the University
Invest in the preservation, modernization and replacement of capital assets to support mission critical needs
Measure 1:
Facilities condition index
2016 Target:
Decrease from 18.8% to 16.7%
Source: APPA Facilities Planning Index
Tactics:
Accountability:
Raise the maintenance and repair budget $500,000 cumulatively each year through 2016, depending on the availability of funds
Vice President for Administrative and Information Services in coordination with the Chief Financial Officer
Measure 2:
Maintenance and repair funding investment
2016 Target:
Increase from 1.3% to 2.0% of replacement value
Source: APPA Facilities Planning Index
Tactics:
Accountability:
Raise the maintenance and repair budget $500,000 cumulatively each year through 2016, depending on the availability of funds
Vice President for Administrative and Information Services in coordination with the Chief Financial Officer
Utilize and operate facilities efficiently
Measure 1:
Classroom utilization rate and seat utilization
2016 Target:
Increase classroom utilization from 51.5% to 71%
Increase classroom seats from 63.9% to 67%
Source: X25 Report
Tactics:
Accountability:
Appoint a subcommittee of the Facilities Task Force in first year to develop procedures and guidelines to facilitate advancement toward utilization goals
Office of the Provost in conjunction with University Support Services
Through the Facilities Task Force, determine and recommend annual targets for incremental increase toward 2016
Office of the Provost in conjunction with University Support Services
Through Facilities Task Force, work with each college to improve utilization
Office of the Provost in conjunction with University Support Services
Measure 2:
Class lab utilization rate and seat utilization
2016 Target:
Increase class lab utilization from 22.9% to 50%
Increase class lab seats from 44.25% to 75%
Source: X25 Report
Tactics:
Accountability:
Appoint a subcommittee of the Facilities Task Force in first year to develop procedures and guidelines to facilitate advancement toward utilization goals
Office of the Provost in conjunction with University Support Services
Through the Facilities Task Force, determine and recommend annual targets for incremental increase toward 2016
Office of the Provost in conjunction with University Support Services
Through Facilities Task Force, work with each college to improve utilization
Office of the Provost in conjunction with University Support Services
Measure 3:
Building maintenance cost per sf
2016 Target:
Increase from $1.98 to $2.96
Source: APPA Facilities Planning Index
Tactics:
Accountability:
Raise the maintenance and repair Budget $500,000 cumulatively each year through 2016, depending upon the availability of funds
Vice President for Administrative and Information Services
Operate the University in a safe and environmentally conscious manner
Measure 1:
Worker's compensation claims
2016 Target:
Maintain at 125 or fewer annually
Source: University Best Practices
Tactics:
Accountability:
Offer courses to employees and supervisors through the Learning Management System in order to educate and inform about the risks at work
Office of Human Resources
Split into two parts: one for employees and one for supervisors
Office of Human Resources
Measure 2:
Clery Act reporting measures (selected)
2016 Target:
At or below 3 year average levels adjusted for proportional increases in enrollment
Source: Comparison of past MSU statistics relative to enrollment data
Tactics:
Accountability:
Begin tracking criminal activity in the new automated Safety and Transportation Department Records Management System
Office of Safety and Transportation
Initiate a quarterly report and detailed analysis of criminal activity and identifiable trends
Office of Safety and Transportation
Identify and implement targeted education and prevention strategies based on results of the analysis
Office of Safety and Transportation
2016 Target:
Achieve silver rating by 2014
Source: AASHE Scorecard
Tactics:
Accountability:
Sustainability Advisory Committee will oversee self assessment
Vice President for Administrative and Information Services in coordination with the Sustainability Advisory Committee
Measure 4:
Sustainability self assessment measures - energy savings (BTU/sf)
2016 Target:
Decrease from 82,545 to 78,418 annually
Source: APPA Facilities Planning Index
Tactics:
Accountability:
Install occupancy sensors in all public spaces of the academic campus
Office of Facilities Management
Educate the campus with website information that can be used to conserve energy
Office of Facilities Management
Install pressure independent valves in all major buildings to restore chilled water capacity to the loop
Office of Facilities Management
Measure 5:
Sustainability self assessment measures - Integrated pest management
2016 Target:
Remain at 220 acres
Source: University Best Practices
Tactics:
Accountability:
Sustain the current plan
Office of Facilities Management
Measure 6:
Sustainability self assessment measures - waste and recycling
2016 Target:
Decrease landfill disposal rate from 0.14 tons/person to 0.12 tons/person on campus
Increase recycling from 1,187 tons to 1,500 tons
Source: 2005 Solid Waste Audit by Waste Reduction Strategies (April 2005) and AASHE STARS self-assessment performed Fall 2010
Tactics:
Accountability:
Reduce per-person landfill disposal rates by increasing additional recycling opportunities:
- Acquisition (through grants) and staging of additional recycle stations (indoor and outdoor) across campus
- Reduce number of indoor trash receptacles
- Educate and offer outreach to inform population of recycling opportunities
- Increase number of cardboard collection locations on campus
- Continue operation of student recycling team funded through the Sustainafund
- Increase material recycling rates during building renovation projects (LEED)
Office of Environmental Management in coordination with the Sustainability Advisory Committee
Measure 7:
Sustainability self assessment measures - water consumption (CCF/resident)
2016 Target:
Decrease from 11.49 to 10.34 annually
Source: University Best Practices
Tactics:
Accountability:
Install low flow shower heads in all appropriate buildings
Residence Life, Office of Facilities Management in coordination with the Sustainability Advisory Committee
Reduce the frequency of irrigating
Residence Life, Office of Facilities Management in coordination with the Sustainability Advisory Committee
Introduce xeriscape landscaping
Residence Life, Office of Facilities Management in coordination with the Sustainability Advisory Committee
Create 60,000 gallon rain barrel from old fuel tanks
Residence Life, Office of Facilities Management in coordination with the Sustainability Advisory Committee
Demonstrate transparency and accountability to the University’s constituencies
Measure:
Annual dissemination of performance outcomes
2016 Target:
Update on website at least annually and report to Board of Governors annually
Source: University Best Practices
Tactics:
Accountability:
Maintain the Public Scorecard page on the University's website as updated information becomes available
Office of the President in coordination with the Office of the Provost
Promote the use of the website in order to review updated information
Office of the President in coordination with the Office of the Provost
Manage university-wide risk (i.e., reputational, strategic, market, financial and operational) effectively
Measure:
Internal audit findings implemented
2016 Target:
Increase from 84% to 90%
Source: University Governing Policy G1.15 Internal Audit Charter and Institute of Internal Auditors
Tactics:
Accountability:
Increase internal audit follow-up to quarterly basis
Office of Internal Audit
Formalize results within the annual Internal Audit Follow Up Report (end of fiscal year)
Office of Internal Audit