Top 20 Business Plan
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Transcript of Top 20 Business Plan
Top 20 Business PlanTop 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
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%
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.
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.
Development of the Business Plan
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?
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?
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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.
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.
Making national comparisons
DOMAINS MEASURES OF PROGRESS
COMPOSITE SCORECOMPOSITE SCORE
Undergraduate Education Score[ACT/SAT (2004), Graduation Rate
(2004),
(6.00)
(4.00)
(2.00)
0.00
2.00
4.00
6.00
8.00
0 20 40 60 80 100Rank Among 88 Public Research Universities
Sco
re
Others UK and Benchmarks
UK49th
Undergraduate Education Score
Graduate Education Score[Doctorates Awarded (2004) andPostdoctoral Appointees (2002)]
(6.00)
(4.00)
(2.00)
0.00
2.00
4.00
6.00
8.00
0 20 40 60 80 100Rank Among 88 Public Research Universities
Sco
re
Others UK and Benchmarks
UK34th
Graduate Education Score
Faculty Recognition Score[Citations (2000-04) and Awards (2003)]
(6.00)
(4.00)
(2.00)
0.00
2.00
4.00
6.00
8.00
0 20 40 60 80 100Rank Among 88 Public Research Universities
Sco
re
Others UK and Benchmarks
UK37th
Faculty Recognition Score
Research Score[Federal and Non-Federal Research
(6.00)
(4.00)
(2.00)
0.00
2.00
4.00
6.00
8.00
0 20 40 60 80 100Rank Among 88 Public Research Universities
Sco
re
Others UK and Benchmarks
UK26th
Research Productivity Score
UK’s Rank Among 88 Institutions
Since 1997, UK moved from40th to 35th
UK
Six-Year Graduation Rate
Federal Research Expenditures
In 2005, UK’s federal research expenditures were $143 million
Growth Targets for 2020
2004 2012 2020 Change
Undergraduates 18,492 20,374 24,692 6,200
Graduates, First Professional 7,252 7,642 8,002 750
Postdoctoral Appointments 295 438 670 375
Total 26,039 28,454 33,364 7,325
Faculty 1,920 2,133 2,545 625
Research Expenditures $298 M $476 M $768 M $470 M
Bachelor's Degrees Granted 3,285 4,800 6,350 3,065
Doctorates Granted 276 350 465 189
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
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
Facilities
Business Plan Summary
IN MILLIONS2006 2012 2020
General Fund Expenses
$1,176 $1,657 $2,273
General Fund Revenues
$1,176 $1,439 $1,852
GAP: - $218 $421
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
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
Top 20 Challenges
Commonwealth’s Ability to Fund the Plan
Kentucky Population Trends Affordability Federal Research Budget Bonding Authority
www.uky.edu/top20