Division of Business and Finance Strategy Map

1. Division of Business and Finance Strategy Map University Strategic Goals 5. Securing our financial future 1. Ensuring student success 2. Enhancing academic excellence and innovation University Key Themes & Projects 5.4 Manage resources to support strategic priorities 5.5 Implement RCM 5.6 Improve core systems and processes 1.6 “Year of Yes” —enhancing customer service and service effectiveness. 2.3 Integrated eight-campus system 2.8 Implement major facilities improvement project to align quality of space with KSU aspirations 2.3.1 Secure a consulting report on the presence of hazardous materials on all Kent State University campuses. 2.8.1 Develop a campus maintenance/ improvement plan. 2.8.2 Garner approval from the Board of Trustees and the State of Ohio to improve the facilities on the Kent Campus. 2.8.3 Secure funding for the campus maintenance/improvement master plan. 1.6.1 Launch division-wide performance review. 5.4.1 Realign debt portfolio to include fixed interest bonds without interest swap derivative. 5.4.2 Review administrative overhead values for auxiliary operations. 5.5.1 Realign policies to reflect strong guiding principles and language compatible with RCM methods and principles. 5.6.1 Review and revise university’s investment policies. 5.6.2 Audit, evaluate and restructure the Purchasing card program. B&F Strategic Directions B&F Key Themes, Projects, And Tasks 1.6.1 Divisional units will review and evaluate the relevance of their mission and goals with university mission and goals. 5.4.1Better alignment of debt. 5.4.2 Compare against funding reimbursements to the general fund. 5.5.1 Expand resources to ensure a successful RCM implementation. 5.6.1 Align investment strategies with market volatility. 5.6.2 Improve control structure to promote accurate use of the Purchasing card. • 2.3.1 Recommend an abatement strategy for successful removal of hazardous materials. • 2.8.1 Review all university and administrative policies to ensure their alignment with institutional priorities and with best business practices. In addition, review and revise policies related to capital improvements and major repairs and renovations. • 2.8.1 Identify priority areas to be renovated • 2.8.3 Secure the funding through bond issuance • • Ongoing project to be monitored until completed. • Realign procedures to ensure statements of attestation by the authorized representative. • Final approvals from the BOT and State of Ohio to allow the projects to begin. • • Lower interest rates for debt repayment. • Completion of auxiliary service charge review. • Clear, concise reporting. • Improved return to investment. • Reduction in improper use of the P-card. • Performance efficiency will be evaluated against industry standards and best practices as well as being reviewed by an internal review committee. B&F Metrics January 2010