emerging trends in community college finance morris w. beverage, jr., e.d.m. president lakeland...
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Emerging Trends in Emerging Trends in Community College Community College
FinanceFinanceMorris W. Beverage, Jr., E.D.M.
PresidentLakeland Community College
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Nationally –Nationally –Developing StrategiesDeveloping Strategies
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Nationally –Nationally –Developing StrategiesDeveloping Strategies
Public Support and Tuition Setting Strategies
Reaping economic and social benefits of education
Public Private• Tax revenues• Decreased reliance on govt. support• Productivity and Consumption• Reduced crime• Civic engagement• Appreciation of diversity• Adapt to technology, efficiencies
• Employment, salary, benefits• Personal and professional mobility• Savings• Improved health • Quality of life for family’s future• Personal status• Improved leisure
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Public Policy IssuesPublic Policy Issues
Knowledge Economy
Human Obsolescence
Economic Development (as compared to Marketplace Development)
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Public Community College Public Community College Revenues by SourceRevenues by Source
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Trends: Revenue Sources Trends: Revenue Sources $31.5 Billion$31.5 Billion
State Support – 37%
Tuition and Fees – 19%
Local Support – 17%
Governmental Grants – 14%
All Other – 13%
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Developmental Learning
Convenience
Affordability
Enrollment Growth
Risk Factors of Students
Ohio – Policy IssuesOhio – Policy Issues
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Ohio - Developing StrategiesOhio - Developing Strategies
Funding tied to Performance
Emphasis on Degree Attainment/ Persistence
Accountability and Efficiency Measures
Economic Leadership
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Ohio State Share of Instruction Methodology:1. Collect Resource Analysis Cost for Each Subject Field-Level of Instruction
Combination2. Adjust the historical Resource Analysis Cost per FTE for costs paid from sources
outside of SSI or Student Fees3. Normalize each of the years cost by inflating the costs to the last available years
data using historical CPI-U data. Estimate cost for the funding period using estimated HECA.
4. Collect Subsidy Eligible FTE5. Calculate the 2-year and 5-year average FTE.6. Higher Education Funding Commission Priority Weightings for Science,
Technology, Engineering, Mathematics, Medicine, and Graduate by model.7. Calculate the Uniform SSI by Campus, Subject Field, and Level of Instruction for
both the 2-year and 5-year average FTE.8. Calculate the Doctoral Set Aside for each institution with doctoral instruction9. Calculate the NASF POM Protection for each campus.10. Calculate the Stop Loss for each campus.11. Calculate the Capital Deduction for Each Institution.12. Notwithstanding the Calculation provide for sector level appropriations.
Ohio - State Support of InstructionOhio - State Support of Instruction
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Local CommitmentsLocal Commitments
Diverse, Comprehensive Mission
Access
Quality
Meeting the Needs of the Regional Community
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Developing Local StrategiesDeveloping Local Strategies
Federal Support
Private Support
Efficiency Efforts◦ Energy Management◦ Collaborative Management
Tuition Policies◦ Differentiation◦ Discounting◦ Aid
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Concluding SlideConcluding Slide
Thanks and such.