attachment 1 [organization name] 5 year business plan 2014-15 – 2018-19 template for [june 2014]...
TRANSCRIPT
Attachment 1
[Organization Name]5 Year Business Plan2014-15 – 2018-19
Template for [June 2014] Presentation
Executive Summary
Key messages:
• Four to six key messages summarizing financial highlights, key opportunities in the next five years, and key challenges in next five years
2
Organizational Overview
2013-14 Accomplishments
• Key highlights of service improvements• New revenue streams• Collaborations• Completion of strategic initiatives
2014-15 Organizational Highlights
• Proposed change in service – increase/decrease or new service
• Re-organization plans• Key areas of focus and links to strategic initiative
implementation3
Current state: Strengths, issues, opportunities
Strengths Issues or concerns
Opportunities
4
• Identify the most important issues related to the teaching, research, and clinical mission
• Include key internal issues related to personnel, retention, and succession planning.
Strategic vision for the organization
EducationEducation
ResearchResearch
Clinical – Patient Care
Clinical – Patient Care
PeoplePeople
FinanceFinance
• What does success look like?Highlight aspirational goals?What is the organization trying to achieve?
• Include key strategic initiatives included in your planning horizon
• Highlight how the strategic initiatives enable revenue enhancement, expense reduction, or program improvement
5
Financial forecast: five year view
Key Messages
Here
Key Messages
Here
• Projections should be realistic and include current activities, approved funding, and program changes
• Projections should include Budget Office assumptions for salary and benefit increases
• Include current initiatives for expense reduction or revenue enhancement
• Projections will ideally result with higher revenues than expenses but in some cases may result in a gap between revenues and expenses
(Note: For the 2014-15 planning cycle, you may choose to limit your forecast through 2015-16 for the Chancellor’s retreat. However, please provide the full, five-year forecast by the August 7, 2014 deadline.)
•2014-15 revenue profile – pie chart•2014-15 expense profile – pie chart•Revenue and expense trends (2013-14 projected actual and 2014-15 – 2018-19 projected) - line chart (revenue, expense, net income (revenue less expense)•Reserve summary – committed/restricted and unrestricted reserves as of June 2013, projected June 2014 to June 2019•FTE current and projected•Include potential upside opportunities and downside risks along with their corresponding financial implications
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Potential strategies to reduce gap (revenue growth or expense reduction) not included in
financial forecastInitiative Description
Financial Impact (one time and on going)
Implementation Timeline
Implementation Lead
Comments
Initiative 1
Initiative 2
Etc…
7
• Include initiatives that could be implemented to either reduce expenses or grow revenue. Provide a description of the opportunity, resources required to implement, an implementation plan with milestones, financial impact – both one time and ongoing.
• Identify issues that need to be addressed for a successful implementation.
• Identify key risks and options to reduce implementation risks.
Strategic initiatives to support UCSF mission(not included in financial forecast)
Initiative Description
Financial Impact /Cost
Implementation Timeline
Implementation Lead
Comments
Initiative 1
Initiative 2
Etc…
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• Identify potential projects that are not in the Financial Forecast that will be key to achieving the strategic priorities of the organization.
• Describe how the initiative supports UCSF’s Mission and Goals
• Provide operational and financial metrics to assess the impact of the opportunity.
• Provide other key information including financial impact/cost, implementation timeline, lead in implementation, resources required, implementation risks and mitigation plans to reduce the risks.
Appendix
9
Five year financial forecast – assumptions
Key assumptions including: • tuition and fee adjustments• number of students • number of faculty• federal funding• private funding • clinical practice metrics• etc . . .
Sensitivity analysis:• Potential upside/downside to forecast with estimated impact• For the main risks, identify potential mitigation plans to
reduce the risk10