The Five Pathways - 2: Money and Management
| Janet Waldron, Chair; Craig Mason, Co-Chair | |||||||
| Mike Swartz, Jimmy Jung, Eric Rolfson, Ed Ashworth, Mike Eckardt, Pat Cummings, Jim McClymer, Dorcas Wilkinson and John Simpson | |||||||
| Money and Management – Optimize operating efficiencies and control expenditures within a financially sustainable business model, and seek new and entrepreneurial revenue sources | |||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | Status | |
| Strategies: | |||||||
| Identify appropriate metrics to reflect revenue and expenditure goals aimed at achieving financial health and sustainability Click here to review Pathway 2 Reference Documents (PDF) |
Fall | Spring | |||||
| Hire new Vice President for Enrollment Management | X | Completed 7/1/12 | |||||
| VPEM development and implementation of the new Enrollment Management Plan: Maine-Sizing the Flagship Future Link (VP Jung’s Enrollment Plan) | Fall | Spring | |||||
| VPEM development of centrally aligned college enrollment management plans | Fall | Spring | |||||
| Increase recruitment efforts to middle and high school students through Cooperative Extension 4-H Programs (3-year PRE-VUE grant funded) View PRE-VUE information |
Fall | Spring | |||||
| Improve annual student retention by 5% and graduation rates by 10% through such programs as uniform advising that enhance and/or establish a professional advising structure. CLAS PRE-VUE 3-year grant View PRE-VUE information |
Fall | Spring | |||||
| VPEM, VPAF and OIR 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 | Fall | Spring | |||||
| Creation of a plan to reinvest Indirect Cost Return dollars into identified faculty needs to enhance research productivity Strategic-Plan-2012(PDF) | Fall | Spring | |||||
| The Provost and VPAF will Identify an initial set of innovative and cost effective means for delivering administrative and academic services Think Mission Excellence |
Fall | Spring | |||||
| Review, assess and revise UMaine organizational structures and focus. The Cabinet will work with deans and faculty to discern optimal and efficient unit organizations staffing | Fall | Spring | |||||
| 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. | Fall | Spring | |||||
| Affirm newly aligned partnerships to develop an integrated UMaine Advancement Strategic Plan Advancement Draft Plan to be approved by the President (PDF) | Completed 1/1/13 | ||||||
| Identify a plan for growing the percentage 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 Advancement PowerPoint | Fall | Spring | |||||
| Working through the University of Maine System and Board of Trustees, develop and implement an appropriate gift fee to increase funding for ongoing and future development operations | Fall | Spring | |||||
| Complete | In Progress | Pending | |||||
Click here to review Draft Advancement Plan (PDF)
Click here to review Pathway 2 Reference Documents (PDF)