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Top 20 Business Plan

Top 20 Business Plan. Postsecondary Education Reform: The Top 20 Compact between UK and the People of Kentucky. UK’s Progress So Far:. Why Top 20 matters… Quality of Life Measures. Average in States National Average w/ Top 20 Universities Kentucky

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Top 20 Business Plan

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  1. Top 20 Business Plan

  2. Postsecondary Education Reform: The Top 20 Compact between UK and the People of Kentucky

  3. UK’s Progress So Far:

  4. Why Top 20 matters… Quality of Life Measures • Average in States • National Average w/ Top 20 Universities Kentucky • Median Household Income $44,436 $46,856 $36,786 • Percent of Population on Medicaid 17% 14% 19% • Population Below the Poverty Level 12% 11% 16% • Population with Bachelor's Degree 27% 28% 19%

  5. Business Plan vs. Strategic Plan • This Business Plan is a long-term financial document. It quantifies how much Top 20 status will cost and the return on investment (ex., more degrees and research productivity). • The next Strategic Plan (for 2006–2009) will define specific measures of quality, establish strategic goals for excellence, and direct the allocation of resources across campus.

  6. Development of the Business Plan 1 2 3 4 5 • How do we define ‘Top 20’ status? • Where does UK rank now? • Where will the 20th institution be in 2020? • What is the gap? • What resources will it take to fill the gap?

  7. Measures of Engagement • Nationally accepted measures for evaluating engagement outcomes and their impact are not yet defined. • Examples of engagement activities: • Access to libraries and the Arts • Applied research focused on public problems • Extension education • Direct services through the University Hospital, clinics, or labs • Economic and community development • The next Strategic Plan (for 2006–2009) will include measures of statewide engagement.

  8. Making national comparisons COMPOSITE SCORE DOMAINS MEASURES OF PROGRESS

  9. Undergraduate Education Score

  10. Graduate Education Score

  11. Faculty Recognition Score

  12. Research Productivity Score

  13. UK’s Rank Among 88 Institutions Since 1997, UK moved from40th to 35th UK

  14. Six-Year Graduation Rate

  15. Federal Research Expenditures • In 2005, UK’s federal research expenditures were $143 million

  16. Growth Targets for 2020

  17. What resources will it take to fill the gap? • Faculty growth, then enrollment growth • Improve financial support to undergraduate and graduate students • Increase the average instructional faculty salary to the benchmark median • Maintain competitive staff salaries and benefits • Increase physical plant

  18. Facilities

  19. Business Plan Summary

  20. UK will provide 40 percent of the needed investments from sources such as: • Annual Giving • Research Recovery • Hospital and Clinical Services • Internal Reallocation The remaining 60 percent of the needed investments should come from the state and students

  21. 2006-08 State Appropriation Increases(in millions) • 2006-07 2007-08 • CPE Request $13.7 $13.6 • UK Top 20 BP $17.7 $18.7 • Governor’s Proposal $4.6 $4.6 • House Proposal $4.6 $13.9 • Senate Proposal $4.6 $24.0 • Final Budget $4.6 $20.9

  22. Top 20 Challenges • Commonwealth’s Ability to Fund the Plan • Kentucky Population Trends • Affordability • Federal Research Budget • Bonding Authority

  23. www.uky.edu/top20

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