Financial Futures in workstream formation phase
Editor's note: The original version of this story has been updated to more accurately reflect the process followed during the diagnostic phase of the initiative this fall.
²ÊÃñ±¦µä Senior Vice Chancellor Kelly Fox and Provost Russ Moore announced earlier this week that the Financial Futures initiative had completed its diagnostic phase of identifying opportunities for resource generation in support of Academic Futures and the campus’s other key strategic initiatives and is now forming workstreams to support them and the campus’s overall mission.
The latest work builds on the diagnostic efforts throughout the fall semester—sponsored by Fox and Moore and led by Carla Ho-a, deputy chief financial officer, and Ann Schmiesing, interim senior vice provost and dean of the graduate school.
The diagnostic phase was informed by benchmarks, historical performance data, and interviews with more than 100 campus stakeholders and leaders in areas such as procurement, IT, admissions, financial aid, human resources, shared governance, student affairs, auxiliaries and research.
This work identified a series of workstreams—areas that provide opportunity for financial resource creation—to enhance revenue in support of the mission. Workstreams include procurement, gifts and executive and extended education, among many others. The campus is now moving into a solution design phase in which even more faculty, student and staff feedback will be sought.
To learn more about Financial Futures and the work ahead, the campus earlier this week announced a series of townhalls, the first of which will be held from 11 a.m. to noon Monday, Dec. 17, at the Glenn Miller Ballroom in the University Memorial Center. The town halls continue when campus reconvenes after winter break with three town halls scheduled in January, and twice monthly throughout the spring semester.
To prepare to participate in the town halls, campus community members can watch an informative Financial Futures overview video and/or view a presentation on the initiative.