Top 20 Business Plan

Top 20 Business PlanA major comprehensive research institution ranked nationally in the Top 20 public universities at the University of Kentucky.States with Top 20 universities have:•Higher median incomes•Higher educational attainment•Lower poverty rates•Fewer citizens on MedicaidHouse Bill 1Business Plan vs. Strategic PlanThe 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 2006-09 Strategic Plan defines specific measures of quality, establishes strategic goals for excellence, and directs the allocation of resources across campus.Top 20 Work GroupVP for Planning, Budget, and Policy; VP for Institutional Research, Planning, and Effectiveness; Policy Director; Planning DirectorTop 20 Steering CommitteeDeans, administratorsFaculty, staff, and student leadersThe Stillwater Group Developing the Business PlanDevelopment of the Business PlanHow do we define „Top 20‟ status?Where does UK rank now?Where will the 20thinstitution be in 2020?What is the gap?What resources will it take to fill the gap? 12345Making national comparisonsDOMAINSMEASURES OF PROGRESSCOMPOSITE SCOREResearch Score[Federal and Non-Federal Research (6.00)(4.00)(2.00)0.002.004.006.008.00020406080100Rank Among 88 Public Research UniversitiesScoreOthersUK and BenchmarksUK26thSix-Year Graduation RateFederal Research Expenditures $120 $62 $193 $104 $0$40$80$120$160$20019972003YearMillionsUniversity of Kentucky 39th Ranked In 2005 UK‟s federal research expenditures were $142.8 millionUniversity ofColorado20thRankedUniversity ofCalifornia-Davis20thRankedUniversity ofKentucky32ndRankedUK‟s Rank Among 88 InstitutionsSince 1997, UK moved from40th to 35thUKGrowth Targets for 202020042020ChangeUndergraduates18,49224,6926,200Graduates, First Professional7,2528,002750Postdoctoral Appointments295670375Total26,03933,3647,325Faculty1,9202,545625Research Expenditures$298 M$768 M$470 MBachelor's Degrees Granted3,2856,3503,065Doctorates Granted276465189Business Plan SummaryIN MILLIONS20062020General Fund Expenses$1,176 $2,273General Fund Revenues$1,176 $1,852GAP:-$421 UK will provide 40 percent of the needed investments Annual GivingResearch RecoveryHospital and Clinical ServicesInternal ReallocationThe remaining 60 percent of the needed investments should come from the state and studentsBusiness Plan SummarySelling the PlanThe Dream TourOccurred prior to completion of Top 20 Plan22-city, 1,600 mile trek across Kentucky“Our Campus Is the Commonwealth” Selling to Different AudiencesCampus buy-inBoard of Trustees, University and Staff Senates, faculty breakfasts, open forumsStatewide support MediaLocal and national coverageGovernment Met individually with Governor, over 100 legislators2006-08 State Appropriation Increases(in millions)2006-072007-08UK Top 20 Business Plan$17.7$18.7Governor‟s Proposal$4.6$2.5House Proposal$4.6$13.7Senate Proposal$4.6$24.0Final Legislative Budget$4.6$20.9Top 20 Business Plan ImplementationUniversity of KentuckyStrategic Plan2006-2009Implementing the Business Plan•Steering Committee chaired by Provost•Four Domain Subcommittees:•Undergraduate Education•Graduate/Professional Education•Faculty Development•Research•Engagement Subcommittee•Staff Development SubcommitteeUniversity Committee on Academic Planning and Priorities (UCAPP)Advise President‟s Cabinet:•Identifying academic priorities •Revising university-wide strategic plan•Recommending criteria and principles for resource allocations•Monitoring success in achieving intended outcomesUCAPP Charge Highlights2006-09 Strategic Plan: Alignment with the Top 20 Business Plan•Five Major Goals•Enrollment Plan•Campus Master Plan•Market Analysis•Workforce Planning2006-2009 Strategic PlanNext Steps1.Implement College/Unit planning activities2.Finalize measures of progress based on College/Unit initiatives3.Complete process by April 2007UCAPP Website –http://www.uky.edu/ucapp/