1. The Periodic Review Report: Evidence of Linked Institutional Planning & Budgeting John Palmucci Vice President for Finance & Treasurer, Loyola College in Maryland Andrea Lex Vice President, Middle States Commission on Higher Education MSCHE PRR Workshop March 26, 2009 Philadelphia, PA

2. MSCHE Accreditation... is an expression of confidence that an institution is so organized, staffed, and supported that it can be expected to continue to accomplish its mission and goals. --- Handbook for Periodic Review Reports page v

3. Standard 2: Planning, Resource Allocation & Institutional Renewal An institution conducts ongoing planning and resource allocation based on its mission and goals, develops objectives to achieve them, and utilizes the results of its assessment activities for institutional renewal. Implementation and subsequent evaluation of the success of the strategic plan and resource allocation support the development and change necessary to improve and to maintain institutional quality.

4. Enables Standard 3: Resource Allocation The human, financial, technical, physical facilities, and other resources necessary to achieve an institutions mission and goals are available and accessible. In the context of the institutions mission, the effective and efficient uses of the institutions resources are analyzed as part of ongoing outcomes assessment.

5. The Good News Our Instituti onal Plan Im a Gonna

6. Planning is an Integrated and Iterative Process Planning Implementing Assessing Using Results Resourcing

7. To Plan... Implement Plan Implement Resources

8. ... and assess Resources Implement Plan Implement Resources

9. Why is this a priority? For the Commission: It is essential that an institution be able to determine the most efficient use of [scarce, diminishing, restricted] human and financial resources in the service of its mission. For an institution: It is essential that an institution be able to determine the most efficient use of [scarce, diminishing, restricted] human and financial resources in the service of its mission.

10. Both the preparation and review of the PRR are evidence-based efforts Assess the impact of significant major developments, changes, or challenges since the last evaluation Review enrollment and financial trends and projections Assess the extent to which linked institutional planning and budgeting processes are in place

11. Sooooooooooo... What does a linked institutional planning and budgeting process look like? And how do we know that its working?

12. Financial Planning Financial Plan Current and Future Years Realistic Assumptions Enrollment and Revenue Relationship Tuition and Other Rates Other Income Debt Burden

13. Rational for Increases Decreases Data Benchmarks Viability Ratios Trends in Net Income/Net Assets Compliance with Bond Covenants

14. Audited Financial Statements Management Letters IPEDS Enrollment-three previous Current Projections Changes in Financial Condition