Overview
o Introduction
o Purpose & Premise of the TWF Multi-Year Plan
o TWF Plan Summary & Goals
o Process & College Governance
o Financial ‘snapshot’
o Tools & Techniques
o Viability Phase
o Stability Phase
o Vitality Phase
o Summary
Section II—Historical Context of College
o Introduction
o Five Year History of College Finances
o General Fund Reserves & Uses (Offset Budget Deficits)
o Other Post-Employment Benefits
o (Unfunded) Retiree Liability
o MEASURE N – Facilities Bond (Series A, B, & C)
o Capital Outlay and Unfunded Maintenance
o FTES and Current Funding Mechanisms
o Summary
Section III—Financial & Non-Financial Indicators
o Introduction
o Financial Ratios
o Primary Reserve Ratio
o Net Income Operations Ratio
o Viability Ratio
o Diversification of Revenue Sources
o Equity Ratio (alternative to Diversification of Revenue Sources)
o Implications of the Financial Ratios for NVC
o Introduction
o Non-Financial Indicators
o Audit Opinions (last four years)
o Community College Leadership
o Implications of Non-Financial Ratios for NVC
Section IV— ‘Ensuring Viability’
o Introduction
o Objectives & Timelines
o Guiding Principles
o Cost Reduction Strategies
o General Institutional Restructuring & Outsourcing
o Braided-Revenue Strategies
o Area Plans
o Instruction
o Proposed Academic Structure
o Administration Services
o President’s Area
o Student Services
o Strategic Enrollment Planning Over Next Three Years
o Development of Consolidated Auxiliary Services -- Fee-Based Services & Programs Related Revenues
o Stability
o Introduction
o Stability restoration building blocks
o Strategic Initiative 1: Establish a Stable FTE/Cap/Growth…
o Strategic Initiative 2: Secure Financial Strength
o Strategic Initiative 3: Leverage NVC’s Resources through Partnerships & Collaboration—NVC will adopt a structure to attract partnerships
o Vitality
o Introduction
o Strategic Initiative 1: Diversify, Restructure, and Strengthen Academic Programs for the Health Sciences
o Strategic Initiative 2: Build Institutional Advancement Capacity
o Summary
o References