key operational plans
Finance and Budgeting Plan
2008
2007 Update
The Finance and Budgeting Key Operational Plan continues to focus on identifying and managing the multiple revenue streams available to the University of Wisconsin Oshkosh. The executive team at the University, normally comprised of the Chancellor’s staff and academic college deans, has continued to discuss and resolve issues as they come to the forefront and will continue the process of open discussion with the campus as new issues and developments arise.
The 2007-2009 state of Wisconsin biennial budget has been finalized by the Legislature. Therefore, new and continued state GPR resources will be available as planned. Allocation of those resources will be discussed by the campus leadership groups as 2008-2009 annual budget planning gets underway. Meanwhile, the campus resource situation is healthy, and we are ready to move forward with new initiatives and investments based on solid enrollments.
Accomplishments
- Student enrollment levels have increased steadily over the past seven years, allowing UW Oshkosh to stabilize one of its main revenue streams.
- New cost recovery programs have been initiated at UW Oshkosh, which have provided more that $1.1 million of new revenue for the campus to support college and University initiatives.
- Federal earmark funding of $160,000 has been appropriated for the Living Healthy Clinic.
- Residence Hall occupancy rates have stabilized, thereby providing a steady stream of revenue for the operation.
- Student leadership has approved continuation of student compact tuition, which is an important resource for student services, namely advising, counseling and career services.
- Electronic deposit of student change-checks has been implemented.
Assessment
Financial Services continues to identify ways to implement new electronic services for students and staff in order to provide faster, better access to resources as well as assure security of all identities (e.g. Social Security numbers). Assessment of satisfaction and effectiveness of services is an area that needs to be addressed. During the next 12 months, finance and budget personnel will seek to identify ways to assess progress toward the plan’s goals and then develop action steps to carry out those findings