Todd_Lee_07Presentation

Top 20 Business Plan House Bill 1 A major comprehensive research institution ranked nationally in the Top 20 public universities at the University of Kentucky. States with Top 20 universities have: • Higher median incomes • Higher educational attainment • Lower poverty rates • Fewer citizens on Medicaid Business Plan vs. Strategic Plan  The Business Plan is a long­term financial document. It quantifies how much Top 20 status will cost and the return on investment (ex., more degrees and research productivity). The 2006­09 Strategic Plan defines specific measures of quality, establishes strategic goals for excellence, and directs the allocation of resources across campus. Developing the Business Plan Top 20 Work Group  VP for Planning, Budget, and Policy; VP for Institutional Research, Planning, and Effectiveness; Policy Director; Planning Director  Top 20 Steering Committee Deans, administrators  Faculty, staff, and student leaders The Stillwater Group Development of the Business Plan 1 2 3 4 5 How do we define ‘Top 20’ status?  Where does UK rank now?  Where will the 20th institution be in 2020?  What is the gap? What resources will it take to fill the gap? Making national comparisons COMPOSITE SCORE DOMAINS MEASURES OF PROGRESS Research Score [Federal and Non­Federal Research 8.00 6.00 4.00 Score Others UK and Benchmarks 2.00 0.00 (2.00) (4.00) (6.00) UK 26th 0 Rank Among 88 Public Research Universities 20 40 60 80 100 Six­Year Graduation Rate Federal Research Expenditures $200 $160  In 2005 UK’s federal research expenditures were $142.8 million $193 $120 Millions $120 $104 $80 $62 $40 University of Kentucky 39th Ranked $0 1997 University of California­ Davis 20th Ranked University of Kentucky 32nd Ranked 2003 University of Colorado 20th Ranked Year UK’s Rank Among 88 Institutions Since 1997, UK moved from 40th to 35th UK Growth Targets for 2020 2004 Undergraduates Graduates, First Professional Postdoctoral Appointments Total 2020 24,692 8,002 670 33,364 Change 18,492 7,252 295 26,039 6,200 750 375 7,325 Faculty Research Expenditures Bachelor's Degrees Granted Doctorates Granted 1,920 $298 M 3,285 276 2,545 $768 M 6,350 465 625 $470 M 3,065 189 Business Plan Summary IN MILLIONS 2006 2020 General Fund Expenses General Fund Revenues $1,176 $1,176 $2,273 $1,852 GAP: ­ $421 Business Plan Summary  UK will provide 40 percent of the needed investments