Process:
Driven by a master calendar.
Strategic planning should precede the planning cycle.
Align with the legislative calendar to aid in goal assessment, risk management, resource allocation, and budget formulation.
Plans should be created for each campus using a common format.
Delivered to the Director of Budget in Central Administration.
Bi-annual reporting to the Board of Regents, covering operating, capital, and financing components.
Key Activities:
Create revenue and expense forecasts.
Evaluate financial risks.
Understand available funding.
Assess ability to sustain or expand services and programs.
Determine supportable capital investments.
Identify future commitments and resource demands.
Identify key variables impacting the University's future.