Pathway Strategies - Pathway 2: Money and Management
The Blue Sky Pathway Strategies summarized below are excerpted from pages 20-35 of The Blue Sky Project: Reaffirming Public Higher Education at Maine’s Flagship University and the Pathway Progress section of the Blue Sky Implementation Website (http://www.umaine.edu/bluesky/).
2a. Through financial modeling conducted by the Office of the Vice President for Administration and Finance (VPAF), identify appropriate metrics to reflect revenue and expenditure goals aimed at achieving financial health and sustainability by Spring 2013.
2b. To grow net tuition revenue, establish an administrative unit centered on Enrollment Management, recruiting and hiring a new Vice President for Enrollment Management (VPEM) by July 2012. Funded by Priority Reallocation of $345,000 to base budget. The VPEM will develop and implement the new Enrollment Management Plan: “Maine-Sizing the Flagship” by Fall 2012. Working with college deans, the VPEM will develop centrally aligned college enrollment management plans by Spring 2013. The Enrollment Management Plan will address increasing out-of-state student enrollment up to 25%-30% of total student population. The plan will also address new efforts to increase partnerships with Maine Community Colleges to promote ease of transfer and access by streamlining prior learning assessments and potential dual admission agreements. Increase the number of strategic partnership with UMS institutions as well, particularly as venues to UMaine graduate education.
2d. Improve annual student retention by 5% and improve four- and six-year graduation rates by 10% through such programs as uniform advising that enhance and/or establish a professional advising structure. Stimulus funding provided to the College of Liberal Arts and Sciences in Spring 2012 from a three-year, $300,000 PRE-VUE grant.
2e. The VPEM, VPAF and Office of Institutional Research will collaborate in strategic analysis of financial aid during 2012-2013 to inform the Cabinet and set long-term directions for specific recruitment and retention recommendations related to affordability, access and merit.
2f. Reinvest Indirect Cost Return (ICR) dollars into identified faculty needs to enhance research productivity, including addressing staffing levels in the Office of Sponsored Programs, with a firm plan by Fall 2012. ICR stimulus funding of $533,386 provided in Spring 2012 by the UMaine Multiuse Equipment Initiative. Pilot Project initiated in Spring 2012 to discern best practices for return on investment of ICR dollars (40%) with the Climate Change Institute, as measured by increased personnel and external funding.
2h. Review, assess, and revise, as necessary, UMaine organizational structure and focus. The Cabinet will work with deans and faculty to discern optimal and efficient unit organizations and staffing, with initial recommendations anticipated in Spring 2013.
2i. Review specific revenue options, with the intent of identifying potential growth areas for sales and services; operating revenue to reach 10% of total revenue threshold by 2017, to be put in place by FY 2014. Such actions may include facilitating a higher use of the campus in summer and more contemporary athletics marketing best practices.
2j. Beginning with the President’s Advancement Council (PAC) formed in Spring 2012, affirm newly aligned partnerships to develop an integrated UMaine Advancement Strategic Plan by Spring 2013 among the Office of Development, University of Maine Foundation, UMaine Alumni Association, the Pulp and Paper Foundation, 4-H Foundation, Division of Marketing and Communication, and the Office of the President. This plan should address strategies to increase Annual Giving and prepare a basis for the next Comprehensive Campaign. Additionally, efforts will be increased to establish student scholarships/fellowships, endowed chairs and professorships.
2k. Identify a plan for growing the percent of private and capital gifts as a percent of total UMaine revenues from the current level of 10% to 15% by 2017, and integrate this plan into the annual operating budget.
2l. Working through the University of Maine System and the Board of Trustees, develop and implement an appropriate gift fee by Fall 2012 to increase funding for ongoing and future development operations adequately.