President’s Day January 18, 2008
Enrollment • Budgeted FTE of 921≈950 heads • With new and returning right now ~930 FTE • Budget shortfall, in FTE, should be made up with gains in FA dollars • Fall ’08 on track • Challenge as always is female numbers
’09 Budget • Process underway • Based on IR data we are setting FTE for fall ’08 at 911-last fall 907 • This follows our conservative budgeting model of setting FTE below predicted • This year we will control our enthusiasm if the numbers grow so we do not repeat mistake of last year
’09 Budget • Tuition increase of 4% • Net new dollars from tuition & fees, r&b =$621K • Fixed expense increases estimated at this time = $888K • Opportunities • Retention • Unrestricted giving • Auxilliary enterprises
Capital Projects • Residence Halls • AWI/Paolozzi Center • Saunders Complex, Phase 2
Looking Ahead • MSA • Self-study • Mailed to team end of month • Site Visit • March 30-April 2 • Program-in development • “All Hands on Deck”
Looking Ahead • Strategic Plan • No rest for the wicked • We must begin this spring • The ’02-’07 SLRP was critical in the budget process • We shouldn’t go long without one • Self-study will be guiding document • Points out strengths and weaknesses success and failures • Thus we can begin the process • Begin with small planning group including all constituencies as we did last time • But-we need to address a major issue that we did not do last time
Strategic Plan • Mission Statement • Statement of Purpose • Time for review • Time for change? • “brief enough to keep in mind” • Vision Statement • Future the organization wants to create • Built from the Mission (purpose) • Underway, but…
Looking Ahead • Challenges • Enrollment, enrollment, enrollment • We do not fit the “private college profile” PSC 70% male-PC 57% female • Very few <1000 • Pell Grants • PSC 36%-PC 17% • Distance from home • <100 miles: PSC 25%-PC 59% • “Most typical” PC student • White, female, ACT >20, family income >50K
Demographic Decline • New England Journal of Higher Education, V22:13, 2008 • T.J. Handy, pres. VT Tech College • “Differentiate or Die” • “Colleges need a clear niche to thrive in the coming demographic crisis”
Transfers • We must be transfer friendly • Massachusetts Board of Higher Education to Recommend Measures to Improve Transfer Process • “My goal is that every credit at every state college and university is accepted at any other state college and university,” State Representative Christopher Donelan • In Texas, lawmakers mandated a core set of classes that are guaranteed to transfer to all two- and four-year public colleges. • New Jersey enacted a law calling for statewide agreements to promote a smooth transfer of academic credits. • We must have a policy that allows every AS and AAS within discipline transfer applicant to come here with at least 60 credits and junior status
Other Initiatives • New territories? • New strategies? • Year-round academic operation • New programs? • Fit our strengths • Change programs? • Gender friendly?
Challenges cont. • Last May you heard me say that there had been a shift in Albany from equal support of SUNY and privates to an emphasis on SUNY • Spitzer’s new proposals do emphasize SUNY and at first look mainly research intensive SUNY Universities • But
Challenges • Bill working through committee now • Testimony from hearing on Tuesday • “A new Middle Income Tuition Relief grant so that effectively, SUNY and CUNY would become tuition-free institutions for students from families with annual earnings up to $150,000 (net taxable income).” • What NY family would be against this? • Could we survive?
Need your help • All Campus Town Hall Meeting • January 28th • 7PM • Location TBD (probably Freer) • Special Guest: J.W. Wiley, Director of the Center for Diversity, Pluralism and Inclusion at SUNY Plattsburgh and Founder of XaminingDiversity.com