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Strategic Plan Homepage
Budget &
Finance
I. Unit Mission Statement
II. Statement of Long Range Goal (3-5
years)
III. Mid Year Progress Report on Objectives for
Balance of this FY 2006
IV. Statement of Objectives for the Upcoming FY 2007
I. Unit
Mission Statement:
To maintain the latest state-of-the art financial and business systems designed to adhere to federal and state regulations and support the needs of the organization, students and other customers in the areas of student accounts, receivables, procurement, disbursements, reporting of funds, asset management, and grant and fund reimbursement.
II. Statement
of Long-Range Goals (3-5 years):
Continuous improvement of processes, policies and procedures in all functional areas. Develop methods and utilize technologies to improve, streamline and automate operations.
Facilitate effective communication internally and externally to the department.
Maintain organizational flexibility, utilizing skill, talent and creativity, incorporating training and professional development as needed, to meet the needs of a growing and expanding University environment.
Foster excellent customer services to students, faculty, staff and external customers.
Promote a positive work environment, contributing to the enrichment and advancement of staff members as we strive for a supportive, productive and fun environment for all students and employees.
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III. Mid
Year Progress Report on Objectives for Balance of this FY 2006
Objectives for
this FY
(Priority Order)
Explain if the
objective has been added since the last published plan. |
Current
Status:
accomplishments, progress, challenges, etc.
|
Intended
actions
for balance of year.
Indicate
office/individuals responsible. |
Implications for next year's objectives and for long-range plans. |
|
Continuing evaluation of staffing, structure, and
functional accountability. |
Reorganization of department in FY05. New AVP/
Controller hired 12/05 to lead this effort. |
Evaluation of methods, processes, and critical success
factors/AVP. |
Reorganization serves as the foundation to support the
building of sound fiscal policies and procedures. |
|
Reconciliation of Banner and Cash accounts. |
Reconciliation in progress |
Identification of accounts affecting Banner & PS
recon by cleaning up detail codes/Bursar.
Completion and reassignment of 2006 cash
reconciliation/Acct. Mgr. |
Reconciliation in progress |
|
Relocate Budget & Finance to Student Center |
Student Center remodeling in process, office
assignments and critical design needs being identified. |
Physical move of equipment and files will require the
support of all departmental staff. |
Layout and design of working space, specifically
student support areas, critical to future functionality of the
department. |
|
Correct all operating deficiencies and audit
discrepancies as applicable |
Deficient areas have been identified and functional
responsibilities are being assigned. |
Fill accounting vacancy/Accounting Mgr.
Establish processes to address
deficiencies/Dept. initiative.
Train customer base in all
financial user functions/Dept. initiative.
|
Realignment of job functions will result in elimination
of audit findings. |
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IV. Statement of
Objectives for the Upcoming FY 2007
|
Objective
(Priority
Order) |
Relationship
to Univ. Strategic Planning Themes and Unit Long-term Goals
(or other
justification) |
How the
Objective will be Accomplished:
Strategies, Methods, who responsible,
collaboration needed, etc. |
Resources
Needed:
-- fiscal
-- human
-- physical
Include
reference to resources needed from collaborating units; not $. |
Evaluation of
Success and Implications for future goals and objectives |
|
Commitment to continuous learning,
communication, process improvement, and effective and timely
reporting. |
Supports University growth and
Financial Stability Aimed at Prosperity |
Focus
departmental initiative on continuous evaluation and process
improvement, utilizing available technologies to communicate
notices, changes in procedures and processes, provide budget and
business related reporting and documentation to students and campus
community on a timely basis.
Clear delineation of functional
responsibilities to insure coverage of critical activities. |
Resources to support training and
professional development activities. |
Investment in
and measurable retention of the Division’s human resources.
Improved
methods of communication with the student and non-student
customer base, facilitating effective support and positive
customer feedback.
Process
evaluation and improvement to support quality accounting,
procurement and business office production, measured through
elimination of audit findings.
|
|
Utilization of technologies |
Financial Stability Aimed at
Prosperity |
Utilize system experts and available
technologies to most effectively support the department’s functional
areas/AVP and department managers. |
Funding to
support staff training.
Knowledge of
best practices.
Imaging records
retention system & supporting training.
|
Fully utilizing available technologies
enhances production, streamlines processes, and improves the quality
of output. |
|
Identify and Implement improvements
for University budget processes, including monthly budget reporting |
All strategic planning themes |
Need to coordinate with University
planning processes. Need to better understand customer budget
reporting needs. |
Staffing to identify process
improvements Staffing to
implement processes identified
|
Timely and accurate and relevant
monthly budget reports |
Table Three: Unit Objectives Grouped by
Strategic Planning Theme
1. Expand Academic Programs
Budget Process Improvements
2.
Financial Stability Aimed at Prosperity
All long and short term
Budget & Finance departmental goals and objectives contribute to the success
of this strategic theme.
3. Quality of Instruction
Budget Process Improvement
4. Enrollment Management
Budget Process Improvement
5.
Image/Marketing/Advertising
BPI
6. Technology Enhanced Programs and
Services
BPI
7. Student Life
BPI
V. Attachments, Appendices.
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