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The University of Memphis. President Shirley Raines Board of Visitors Annual Retreat August 2003. The University of Memphis. One of America’s Great Metropolitan Research Universities. Our Vision.

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The university of memphis

The Universityof Memphis

President Shirley Raines

Board of VisitorsAnnual Retreat

August 2003


The university of memphis1

The University of Memphis

One of America’s

Great

Metropolitan

Research

Universities


Our vision

Our Vision

The University of Memphis will be viewed among the leading metropolitan research universities in the United States, recognized as a living urban laboratory and acclaimed for its unique investments in people, for productive partnerships, and for innovative interdisciplinary initiatives.


The university of memphis

New Beginnings

Three additions to the University’s Administrative Leadership Team:

Dr. Douglas E. Hurley

V.P. for

Information Technology

Dr. Rosie P. Bingham

V.P. for

Student Affairs

Dr. Robert P. Bartlett

V.P. for

Advancement


Familiar faces

Familiar Faces

Continuing to provide outstanding leadership:

Mr. Charles Lee

V.P. for

Business & Finance

Mr. R. C. Johnson

Athletic Director

Dr. Ralph J. Faudree, Jr.

Provost


The university of memphis

New Beginnings

The move to Wilder Tower is complete and student services are now located in a single facility:

  • Student registration

  • Financial aid

  • Placement

  • Advising

  • Testing

  • Career Services

Dedication on August 25 following our first

Freshman Convocation


New beginnings

New Beginnings:

FedEx Institute of Technology

  • Technologically enhanced learning opportunities

  • Grand Opening Nov. 19-20, 2003

  • State, City, County, & corporate funding


The university of memphis

New Beginnings:Millington Center

  • Extended programs and research activities

  • Phase 1 in design for classroom relocation from Navy Base

  • Foundation Loan


The university of memphis

New Beginnings:Prescott Acquisition

  • New space for renovation and use


University budget fy2004

University Budget FY2004

Original Budget

$293.2 million

Adjusted for 14% fee increase

in millions


Revenue changes fy2004

Revenue Changes FY2004


Revenues all sources original budget base

Revenues – All SourcesOriginal Budget base

Total Revenues $293M


Base budget by object original fy04

Base Budget by Object Original FY04

Operating includes scholarships, utilities, maintenance, supplies, technology, & communications


Base budget by division original fy04

Base Budget by Division Original FY04


Annual fees fy04 with 14 increase for fall

Annual Fees – FY04with 14% increase for Fall


The university of memphis

Formula vs Actual State Funding

The funded percentage of the Higher Education Formula has declined over the past decade and is now at an all time low.

Cumulative 10-yr shortfall: ~$100 million


Appropriation tuition as a percentage of e g revenue

Appropriation & Tuition as a percentage of E&G revenue

Fees continue to fill the gap & are now at 49% of the E&G Budget


The university of memphis

Challenges for 03-04

  • Tuition increase of 14% insufficient to offset 9% reduction in base budget state funding.

  • Lottery benefits to students and to colleges/universities still uncertain.

  • TBR mandate: no salary increases this year when people are losing jobs.

  • Continued attention to cost-saving measures to meet the needs of students, faculty, and staff.


Making the leap from good to great

Making the Leap from Good to Great

We intend to become a world-class university by our 100th birthday.

We are:

  • Defining where we are as a “good” university.

  • Determining where we need to be to be “great.”

  • Determining what it will take to make the leap from good to great.

    Our focus continues to be on

  • Investing in People

  • Building Productive Partnerships

  • Increasing Interdisciplinary Work


Strategic goals

Strategic Goals


Strategic goal students

Strategic Goal Students

  • Enroll and retain highly regarded and motivated students

    • Honors Program

    • Recruiting high achievers

    • Financial support


The university of memphis

Headcount & FTE Fall

?

A slight gain is expected for Fall 2003

UoM has maintained a stable enrollment of around 20,000 for more than 20 years

Source: U of M Institutional Research


The university of memphis

Degrees Earned

3,000+ degrees each year equates to ~ 20% of the FTE graduating on an annual basis.

Source: U of M Institutional Research


The university of memphis

Doctoral Degrees

Other = DBA & DMA

Source: U of M Institutional Research


Achieving greatness student targets

Achieving Greatness: Student Targets

  • 50% increase in Honors Program students and honors graduates.

  • ACT average increase to 23, maintaining GPA and diversity.

  • Six-year graduation rate increase to 42%.

  • Student satisfaction rate increase of .3 on a 5 point scale.

  • 250+ doctoral degrees annually.


Strategic goal faculty

Strategic Goal Faculty

  • Recruit and retain outstanding faculty and staff

    • Enhanced academic reputation

    • Faculty incentives

    • Demographic study of retirements


The university of memphis

Average Peer Faculty Salaries

  • For 2002, UoM was last among peers by an average of $7,600 or 12%.

  • Despite the funding shortfall in 2003, UoM made some gains compared to peers.

  • Mid-year increases averaging 5% went into effect Jan 03: 2% across the board & 3% merit pool.

Source: THEC & SREB, IPEDS data


The university of memphis

FY04 UoM Faculty Salaries AverageBase

Although UoM salaries have lagged behind peers, gains were made in FY03.


Average peer faculty salaries fy02 by rank

Average Peer Faculty Salaries FY02 by Rank


The university of memphis

Peer Faculty Salaries on average

Although U of M was last among peers in 2002 by an average of $7,570 or 12%, the gap declined from 18% below average in the preceding year.


Achieving greatness faculty targets

Achieving Greatness: Faculty Targets

  • Reduce faculty attrition rate to 5%.

  • Attract nationally recognized faculty in departmental focus areas.

  • Increase number of grant producing faculty to 125.

  • Raise faculty satisfaction index by 20%.


Strategic goal programs

Strategic Goal Programs

  • Expand research & interdisciplinary programs in areas of existing strength.

    • Defining and communicating departmental focus areas

  • Seize new opportunities for effective intellectual, economic, cultural, and social contributions.

    • New resources for research funding

    • Interdisciplinary partnerships


The university of memphis

U of M Areas of Emphasis (2003)

  • Information Technologies

    • Biosciences

    • Bioinformatics

    • Biomedical Engineering

    • Business Technologies

    • Supply Chain Management

  • Fogelman College of Business and Economics

  • Wilson School of Hospitality and Resort Management

  • Healthcare and Health Related Fields

  • Music and Performing Arts

  • Teacher Education

  • Urban Affairs and Public Policy


The university of memphis

Sponsored Project AwardsResearch Grants & Contracts

FY03: $36 million; a one-year gain of $7 million (24%)

Source: UoM Research Support


Achieving greatness programmatic targets

Achieving Greatness: Programmatic Targets

  • Attain national reputation in departmental focus areas.

  • Increase capacity of faculty for research.

  • Increase total grant/contract dollars 10% annually.


Strategic goal community and alumni

Strategic Goal Community and Alumni

  • Increase community and alumni involvement in the life of the University through

    • An outstanding intercollegiate athletics program

    • New opportunities for participation and service.


The university of memphis

Private Gifts

Alumni, Parents, Faculty & Staff Corporations & Foundationsincludes gifts to athletics and the UoM Foundation, and in-kind gifts

Millington site

Wilson gift

FY03 Gifts to Athletics: $6.8M or 35% of $19.4M total.

Source: UoM Division of Marketing & Advancement


The university of memphis

Endowment & Trust Funds

FY01 & 02 reflect market value decline.

preliminary

Source: UoM Accounting Office


University subsidy of athletics budget vs actual

University Subsidy of Athletics Budget vs. Actual

  • Athletics is meeting its goal of self sufficiency.

  • Challenges:

    • Gender equity

    • Conference and venue uncertainties


Achieving greatness community alumni athletic targets

Achieving Greatness: Community, Alumni, & Athletic Targets

  • 50% increase in active alumni.

  • 17 mature alumni clubs across the nation.

  • Increase of 7% per year in Foundation, Trust, and Investment earnings.

  • Fiscally independent athletics program within a prestigious conference.


Achieving greatness through college advisory boards

Achieving Greatness throughCollege Advisory Boards

  • Arts & Sciences

  • Business & Economics

  • Communication & Fine Arts

  • Education

  • Engineering

  • University College


Operational goals

Operational Goals


Environment

Ensure a diverse faculty, staff, and student body.

Create a safe, physically pleasing, and culturally rich learning environment

Better business practices

Campus safety

Environment


Technology

Technology

  • Maximize learning, leadership, and innovation through the effective use of information technology.

  • Ensure increased fluency among students, faculty, and staff.


Making the leap from good to great together

Making the Leap from Good to Great…Together

We must

  • Marshall BOV support and input from advisory groups;

  • Calculate the cost of achieving our goals;

  • Prepare to plan and launch a major capital campaign that will take us to world class status by our centennial year.


The university of memphis

  • Dreamers

  • Thinkers

  • Doers


The first step is always

The First Step is Always…

Investing in People

A Report from John White on

Professorships


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