1 / 14

Emerging Trends in Community College Finance

Emerging Trends in Community College Finance. Morris W. Beverage, Jr., E.D.M. President Lakeland Community College. Nationally – Developing Strategies. Nationally – Developing Strategies. Public Support and Tuition Setting Strategies Reaping economic and social benefits of education.

annice
Download Presentation

Emerging Trends in Community College Finance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Emerging Trends in Community College Finance Morris W. Beverage, Jr., E.D.M. President Lakeland Community College

  2. Nationally –Developing Strategies

  3. Nationally –Developing Strategies • Public Support and Tuition Setting Strategies • Reaping economic and social benefits of education

  4. Public Policy Issues • Knowledge Economy • Human Obsolescence • Economic Development (as compared to Marketplace Development)

  5. Public Community College Revenues by Source

  6. Trends: Revenue Sources $31.5 Billion • State Support – 37% • Tuition and Fees – 19% • Local Support – 17% • Governmental Grants – 14% • All Other – 13%

  7. Ohio – Policy Issues • Developmental Learning • Convenience • Affordability • Enrollment Growth • Risk Factors of Students

  8. Ohio - Developing Strategies • Funding tied to Performance • Emphasis on Degree Attainment/ Persistence • Accountability and Efficiency Measures • Economic Leadership

  9. Ohio - State Support of Instruction • Ohio State Share of Instruction Methodology: • Collect Resource Analysis Cost for Each Subject Field-Level of Instruction Combination • Adjust the historical Resource Analysis Cost per FTE for costs paid from sources outside of SSI or Student Fees • 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. • Collect Subsidy Eligible FTE • Calculate the 2-year and 5-year average FTE. • Higher Education Funding Commission Priority Weightings for Science, Technology, Engineering, Mathematics, Medicine, and Graduate by model. • Calculate the Uniform SSI by Campus, Subject Field, and Level of Instruction for both the 2-year and 5-year average FTE. • Calculate the Doctoral Set Aside for each institution with doctoral instruction • Calculate the NASF POM Protection for each campus. • Calculate the Stop Loss for each campus. • Calculate the Capital Deduction for Each Institution. • Notwithstanding the Calculation provide for sector level appropriations.

  10. Local Commitments • Diverse, Comprehensive Mission • Access • Quality • Meeting the Needs of the Regional Community

  11. Developing Local Strategies • Federal Support • Private Support • Efficiency Efforts • Energy Management • Collaborative Management • Tuition Policies • Differentiation • Discounting • Aid

  12. Concluding Slide • Thanks and such.

More Related