Interface of Budgets with Strategic Planning

*Excerpt from the 2006-07 Strategic Plan.

 

As part of the Strategic Plan, WCU is explicitly identifying how budgeting will be linked to planning as well as the role of the University’s Strategic Planning Committee in facilitating this work. In general, WCU’s approach to funding strategic planning priorities includes:

  1. Allocating new and redirecting current resources to achieve strategic planning goals.
  2. Improving services without increasing costs.
  3. Realignment of current resources to achieve goals.
  4. Validating connections between use of current resources and institutional goals.

Budgeting and Planning Cycle.  Prior to the beginning of the budgeting process, the SPC conducts an internal and external scan to determine major institutional budget needs and priorities related to the strategic plan.  The SPC presents its findings as suggested planning and budgeting parameters to the Executive Management Committee (EMC), composed of the Executive Council and the Director of Institutional Research and the Director of Assessment.  After reviewing the SPC recommendations, the EMC recommends institutional priorities to the chancellor who sets the final institutional strategic priorities and budget parameters for the planning cycle.  The CFO begins the budget process mandating that all budget requests relate to the chancellor’s strategic priorities and budget parameters.  The chancellor, provost and CFO hold budget hearings with each vice chancellor or division head to evaluate budget needs against the strategic priorities and budget parameters established by the chancellor. Once the chancellor makes allocations, a report is distributed to both the EMC and SPC.

 

For more on the Strategic Planning Committee (SPC) go to http://planning.wcu.edu/InstEffect/ie_SPcommittee.htm.

What, If Planning Models (Enrollment)
Expansion Budget Requests (FY 2007-09)
  1. Expansion Budget Memo
  2. The Quality Enhancement Plan
  3. Center for Business and Economic Research & Center for Rapid Realization
  4. Faculty Salary Adjustments & Star Faculty Positions
  5. Beginning Teacher Support & Pre-College Program
  6. Center for Adaptive Device Development
  7. Information Technology
  8. Sales Tax Exemption
  9. Carolinas Photonics Consortium Initiative
  10. Priority List

 

To find out more about budget processes at WCU, go to: