the periodic review report: evidence of linked institutional planning & budgeting john palmucci...
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The Periodic Review Report:
Evidence of Linked Institutional Planning
& Budgeting
John PalmucciVice President for Finance & Treasurer,
Loyola College in Maryland
Andrea LexVice President, Middle States Commission
on Higher Education
MSCHE PRR WorkshopMarch 26, 2009Philadelphia, PA
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MSCHE Accreditation. . .
is an expression of confidence that an institution is so organized, staffed, and supported that it can be expected to continue to accomplish its mission and goals.
--- Handbook for Periodic Review Reports page v
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Standard 2: Planning, Resource Allocation & Institutional Renewal
An institution conducts ongoing planning and resource allocation based on its mission and goals, develops objectives to achieve them, and utilizes the results of its assessment activities for institutional renewal.
Implementation and subsequent evaluation of the success of the strategic plan and resource allocation support the development and change necessary to improve and to maintain institutional quality.
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Enables Standard 3: Resource Allocation
The human, financial, technical, physical facilities, and other resources necessary to achieve an institution’s mission and goals are available and accessible.
In the context of the institution’s mission, the effective and efficient uses of the institution’s resources are analyzed as part of ongoing outcomes assessment.
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The Good News
Our
Instituti
onal
Plan
I’m a
Gonna
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Planning is an Integrated and Iterative Process
Planning
Implementing
Assessing
Using Results Resourcing
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To Plan . . .Im
pleme
nt
Plan
Impl
emen
t
Resources
Resources
Resources
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. . . and assess
ResourcesIm
pleme
nt
Plan
Impl
emen
t
Resources Reso
urc
es
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Why is this a priority?
For the Commission: It is essential that an institution be able to
determine the most efficient use of [scarce, diminishing, restricted] human and financial resources in the service of its mission.
For an institution: It is essential that an institution be able to
determine the most efficient use of [scarce, diminishing, restricted] human and financial resources in the service of its mission.
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Both the preparation and review of the PRR are evidence-based efforts
Assess the impact of significant major developments, changes, or challenges since the last evaluation
Review enrollment and financial trends and projections
Assess the extent to which linked institutional planning and budgeting processes are in place
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Sooooooooooo . . .
What does a linked institutional planning and budgeting process look like?
And how do we know that it’s working?
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Financial Planning
Financial Plan Current and Future Years Realistic Assumptions Enrollment and Revenue
Relationship Tuition and Other Rates Other Income Debt Burden
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Rational for Increases Decreases Data Benchmarks Viability Ratios Trends in Net Income/Net Assets Compliance with Bond Covenants
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Audited Financial Statements Management Letters IPEDS Enrollment-three previous Current Projections Changes in Financial Condition
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