the school, including specific reasons why the pro-forma was not be approved and providing the opportunity for the college/school to revise and re-present at the next Committee meeting. If approved, The AVP of Academic Finance will notify requesting department that the school should commence the state and faculty approvals processes as necessary. 5 Pro-forma Timeline, Process Steps and Deliverables The process below outlines the components of developing new academic programs. Specific steps within the faculty governance processes, NY State processes, etc. are not fully included except in reference to the pro-forma process. Deliverable or Input or Timeline Process Step Related Info Supporting Materials Approval? Deans (and/or Meeting Input New Program June/July should focus Program Business Case (or any around the Developer) and Proposal time prior program Budget Reps to this, offering, Pro-forma should be arrange assuming market partially complete meeting(s) with the viability, once meeting(s) with program Enrollment enrollment EM are over targets (for 1st would not Management & year and start until Admissions EM should document or the next issues, risks, and recs growth rate), fiscal year) regarding program etc. The school should Budget Office “Standard Rates” also have may be supporting document thought consulted during through a will include typical this step for financial aid rates (discount, guidance on target to be tuition, and retention) discount or further that budget reps could retention rates solidified in reference this meeting.
the school, including specific reasons why the pro-forma was not be approved and providing the opportunity for the college/school to revise and re-present at the next Committee meeting. If approved, The AVP of Academic Finance will notify requesting department that the school should commence the state and faculty approvals processes as necessary. 5 Pro-forma Timeline, Process Steps and Deliverables The process below outlines the components of developing new academic programs. Specific steps within the faculty governance processes, NY State processes, etc. are not fully included except in reference to the pro-forma process. Timeline Process Step Related Info Input or Approval? Deliverable or Supporting Materials June/July (or any time prior to this, assuming the program would not start until the next fiscal year) Deans (and/or Program Developer) and Budget Reps arrange meeting(s) with Enrollment Management & Admissions Budget Office may be consulted during this step for guidance on discount or retention rates Meeting should focus around the program offering, market viability, enrollment targets (for 1st year and or growth rate), etc. The school should also have thought through a financial aid target to be further solidified in this meeting. Input New Program Business Case Proposal Pro-forma should be partially complete once meeting(s) with EM are over EM should document issues, risks, and recs regarding program “Standard Rates” supporting document will include typical rates (discount, tuition, and retention) that budget reps could reference
proforma-policy.docx