setting priorities for subsequent review in requests--e.g. telescopes funding institutional improvements? Are institutional Have met budget Need evidence that school How to match for student success funds $3 us/ resources sufficient to without having to has not borrowed money to $1 state ensure financial borrow. support instruction??? From IELM monies? solvency? Allotment of money and criteria for student success to be determined. III.D.1The institution’s mission and goals are the foundation for financial planning. III.D.1.aFinancial planning is integrated with and supports all institutional planning. Probing Questions Answer/Discussion Evidence (previous 5 Gap (yes/no; if a gap exist-explain) years, and reliable) Does institution review its Mission and goals are Fall Fling notes No mission and goals as part of discussed / decided in the annual fiscal planning Fall Fling process? Does the institution identify Goals for achievement Program Plans, Fall No goals for achievement in are decided annually Fling notes, Standing any given budget cycle? via Program Plans, Committee notes, Fall Fling, Standing Business Scorecard Committee Goals, Business Scorecard (in addition to Program Plans) and discussed in Town Halls. Does the institution F-CAP (staff), T-CAP, Fiscal cap, T cap, AS Concerns: If expanding course offerings/hours/ establish priorities among AS (faculty), Program balloting results and building /technology no direct way to account for competing needs so that it plans (short term and reports. Program plan increased need for support staff can predict future funding? term goals). faculty and staff Do institutional plans exist, requests. Staff representation during fiscal for hiring needs.
setting priorities for funding institutional improvements? subsequent review in requests--e.g. telescopes Are institutional resources sufficient to ensure financial solvency? Have met budget without having to borrow. Allotment of money and criteria for student success to be determined. Need evidence that school has not borrowed money to support instruction??? How to match for student success funds $3 us/ $1 state From IELM monies? III.D.1The institution’s mission and goals are the foundation for financial planning. III.D.1.aFinancial planning is integrated with and supports all institutional planning. Probing Questions Answer/Discussion Evidence (previous 5 years, and reliable) Gap (yes/no; if a gap exist-explain) Does institution review its mission and goals as part of the annual fiscal planning process? Mission and goals are discussed / decided in Fall Fling Fall Fling notes No Does the institution identify goals for achievement in any given budget cycle? Goals for achievement are decided annually via Program Plans, Fall Fling, Standing Committee Goals, Business Scorecard (in addition to Program Plans) and discussed in Town Halls. Program Plans, Fall Fling notes, Standing Committee notes, Business Scorecard No Does the institution establish priorities among competing needs so that it can predict future funding? Do institutional plans exist, F-CAP (staff), T-CAP, AS (faculty), Program plans (short term and term goals). Fiscal cap, T cap, AS balloting results and reports. Program plan faculty and staff requests. Concerns: If expanding course offerings/hours/ building /technology no direct way to account for increased need for support staff Staff representation during fiscal for hiring needs.
Gap_Analysis_All_Standards.docx