Improving board capacity for strategic financial oversight
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Improving board capacity for strategic financial oversight . Jane V. Wellman AGB Consultant for Strategic Finance Indiana Trustees Academy August 30, 2010 . The changed context. Challenge to increase degree attainment Structural shift away from public funding

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Improving board capacity for strategic financial oversight
Improving board capacity for strategic financial oversight

Jane V. Wellman

AGB Consultant for Strategic Finance

Indiana Trustees Academy

August 30, 2010

Association of Governing Boards


The changed context
The changed context

  • Challenge to increase degree attainment

  • Structural shift away from public funding

  • Greater tuition dependency, risks low-income access and success

  • Rising public skepticism about college and university values – and value

  • “Fractured dialogue” between college presidents, the public, policy makers, and faculty

  • Unsustainable revenue/cost gap

Association of Governing Boards


Us estimating the attainment gap using a 60 25 34 age group attainment goal
US - Estimating the attainment “gap” Using a 60%/25-34 age group attainment goal

Association of Governing Boards



Gaps in state financials could approach 7 of spending on average the lost decade of state funding
Gaps in state financials could approach 7% of spending on AVERAGE - “The Lost Decade” of state funding

Source: Don Boyd (Rockefeller Institute of Government), 2009

Association of Governing Boards


Improving board capacity for strategic financial oversight

Association of Governing Boards AVERAGE - “The Lost Decade” of state funding


Our revenue model is not sustainable
Our Revenue Model is Not Sustainable AVERAGE - “The Lost Decade” of state funding

Association of Governing Boards


Outside inside the fractured dialogue about college costs and the road ahead
Outside inside: the fractured dialogue about college costs and the road ahead

Association of Governing Boards

Source: John Immewahr, Villanova University, based on research for Public Agenda.


The view from the outside growing public critique about spending priorities
The view from the outside: growing public critique about spending priorities

Association of Governing Boards


Changing the value proposition
Changing the value proposition spending priorities

Association of Governing Boards


The evolving board role
The evolving Board role spending priorities

Association of Governing Boards


Board tools for improving a focus on value
Board tools for improving a focus on value spending priorities

  • Be explicit about attainment goals

  • Set the agenda for continuous attention to investments in value: spending, efficiency and effectiveness

  • Support establishment of institutional process for doing the deeper work

  • Adopt appropriate metrics for benchmarking spending and performance to measure changes over time

  • Communication! Internal as well as external

Association of Governing Boards


Setting the agenda
Setting the agenda spending priorities

  • Process is key: Board needs to find ways to focus the work and bridge gaps between internal and external audiences

  • Work with the President to frame the agenda and set goals for aspects of the work

  • Frame the work in positive and not punitive ways

  • Look for evidence of progress in meeting goals

  • Continuous attention to documentation and communication

Association of Governing Boards


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