FINANCIAL RESOURCES SUBCOMMITTEE

• Budget processes (system, campus)
• Sources of funding
• Allocation of financial support to various areas
• Retrenchment/reallocation
• Expenditure patterns
• Office of Vice Chancellor for Finance and Operations (also see Institutional Services)

The following list gives examples of information which will be described in the self-study report and in other materials (e.g., Bulletin, Campus Data Book, budget documents, audit statements) made available to North Central. Existing sources of information will be used where possible. What descriptive information related directly to budgeting and financial resources do you think it is important to include in the self-study report itself?

a. Sources and amounts of campus financial support. This includes State support, tuition and fee income, grants and contracts, income generated by auxiliary units
b. History of retrenchments and reallocations since last accreditation visit.
c. Allocation of funds by unit - current, historical
d. Budget process - system and campus
e. Financial statements (audits)

The following questions focus on evaluation and are the major responsibility of this subcommittee. The goal is to identify strengths and weaknesses (areas of concern) in how the campus functions. The following should be considered about the questions:

a. Is the question stated clearly and does it address appropriate issue(s)?
b. What type of information is needed to answer the question and is it feasible the obtain this information?
c. Are there other issues which need to be included?
d. When concerns are identified, how serious (widespread) are they? How important are they in evaluating the overall effectiveness of our programs and activities?

1. How effective is the budgeting process, both system-wide and for allocation of resources on the campus? What are specific ways in which the process can be improved?

2. How effectively does the budget process take into account campus needs and priorities as they relate to the campus mission?

3. What have been the effects of retrenchments? Reallocations? New funding?

4. Is process for determining priorities for capital requests effective?

5. Are policies and procedures which relate to budgeting, resource allocation, and expenditures:

a. clearly defined?
b. consistently administered?