1. Program Costing at Lawrence Technological University Tim Chavis – tchavis@ltu.edutchavis@ltu.edu September 25, 2015 Lawrence Technological University BUGMI 2015

2. Background and History Analysis Premise and Results Dashboard and Reporting Overall Information Flow “The Math” Lessons learned What else? LTU Program Costing

3. Analysis Premise Use actual student and financial information to determine the financial results associated with each student course taken by credit hour. Result Analyses can be performed using any captured student or course related rollup or selection criteria. The base level information can also be joined and reported with other information attributable by a student or course. LTU Program Costing

5. Live DASHBOARD DEMO using iDashboards

6. LTU Program Costing

8. Standard Reports College totals using student major /degree College totals using course CRN College totals by course CRN/Subject History - Same as above except 3 terms College UG/GR totals using student major College UG/GR totals using course CRN

10. LTU Program Costing

12. Assumptions for “The Math” Information collected after term completion Revenue and expenses included are only for student related teaching operations. Utilize rolling 12 months of expenses Net revenue is based on “cash from the outside” Teaching load determines the instructors salary portion directly applied to courses taught Faculty salaries are spread directly to the classes they teach by credit hour. LTU Program Costing

13. Sources of information by term Operating expenses from general ledger Labor costs from payroll General student information (major, gender, program...) Student CRN activity by term (CRN, course, tuition, credits…) Student Accounts Receivables information (tuition, grants, payments, bad debt) Student Financial Aid Payments, Fees and Housing Faculty status and assignments by CRN CRN information (College, Title, Course, subject, campus Other - Athletes, Focus Hope, SUES, Online LTU Program Costing

14. Lessons Learned Culture of Higher Education Keep it simple Make sure the numbers are correct Stress Trends not specifics LTU Program Costing