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Buying into Summer: Academic Unit Incentives Through Revenue Sharing Dr. Sue Day-Perroots,

Buying into Summer: Academic Unit Incentives Through Revenue Sharing Dr. Sue Day-Perroots, Dean of Extended Learning West Virginia University. Summer @ WVU. Public, land-grant Doc-Extensive 28,000 Enrollment - 55% resident

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Buying into Summer: Academic Unit Incentives Through Revenue Sharing Dr. Sue Day-Perroots,

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  1. Buying into Summer: Academic Unit Incentives Through Revenue Sharing Dr. Sue Day-Perroots, Dean of Extended Learning West Virginia University

  2. Summer @ WVU • Public, land-grant Doc-Extensive • 28,000 Enrollment - 55% resident • 14 Colleges & Schools w/ 171bachelor, master, doctorate and professional degrees • 84-87% Summer Students are WVU students • Summer SCH 2007 = 64,638 w/11,045 headcount • On-campus – separate model from online, but managed & marketed by same office

  3. Empower Others • Develop shared vision and goals • Generate data to enable effective decisions – (previous enrollment data by course, residency, salaries, etc.) • Provide planning tools and training • Encourage College ownership & accountability for course decisions, faculty, times, etc. • Your goal is to make Colleges successful!

  4. Share Data – Undergrad Enrollment

  5. More Data - Residency by College

  6. And More Data -% Enrollment by Level

  7. Enrollment Proof!

  8. Fiscal Plan • Build a fiscal model that rewards effective planning and is simple • Fiscal return should be unrestricted • Net Return based upon data • Issued in lump sum ASAP after Summer

  9. The WVU Way • Entrepreneurial Model • Formula is gross Summer tuition minus personal services and “base” = Net return to College • “Base” is financial commitment to Central WVU for operations; College base amount determined by historical generation of SCH • Personal Services submitted centrally, but deducted from College “gross” revenue • “Multiplier” for each SCH at ug R; ug N-R; g R; and g N-R. (1999 - $58/SCH for ug R; 2007 – 109ug R)

  10. Formula Overview

  11. College Planning

  12. College Sample Report

  13. Lessons Learned • Lessons: • Waivers equal no revenue to University, therefore no economic value in SCH calculation • Wise Resource -12 month faculty should teach • Financial return has stimulated University wide engagement in Summer success • High demand = high enrollment = excellent financial return • Inform advisors of Summer offerings early and often

  14. $$$ Proof!

  15. Summer Mathematics

  16. Questions? • www.elearn.wvu.edu/~summer

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