Top 20 Business Plan

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Top 20 Business Plan
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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

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Business Plan vs. Strategic Plan

• The Business Plan is a long-term financial
  document. It quantifies how much Top 20 status
  will cost and the return on investment (ex., more
  degrees and research productivity).
• The 2006-09 Strategic Plan defines specific
  measures of quality, establishes strategic goals
  for excellence, and directs the allocation of
  resources across campus.

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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

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Development of the Business Plan

• 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?

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Making national comparisons
COMPOSITE SCORE
DOMAINS
MEASURES OF PROGRESS
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Six-Year Graduation Rate
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Federal Research Expenditures

• In 2005 UKs federal research expenditures were
  142.8 million

University ofCalifornia-Davis20th Ranked
University ofColorado20th Ranked
University ofKentucky32nd Ranked
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UKs Rank Among 88 Institutions
Since 1997, UK moved from40th to 35th
UK
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Growth Targets for 2020
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Business Plan Summary
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Business Plan Summary

• UK will provide 40 percent of the needed
  investments
• Annual Giving
• Research Recovery
• Hospital and Clinical Services
• Internal Reallocation
• The remaining 60 percent of the needed
  investments should come from the state and
  students

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Selling the Plan

• The Dream Tour
• Occurred prior to completion of Top 20 Plan
• 22-city, 1,600 mile trek across Kentucky
• Our Campus Is the Commonwealth

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Selling to Different Audiences

• Campus buy-in
• Board of Trustees, University and Staff Senates,
  faculty breakfasts, open forums
• Statewide support
• Media
• Local and national coverage
• Government
• Met individually with Governor, over 100
  legislators

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2006-08 State Appropriation Increases(in
millions)
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Top 20 Business Plan ImplementationUniversity
of KentuckyStrategic Plan2006-2009
Implementing the Business Plan
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University Committee on Academic Planning and
Priorities (UCAPP)

• Steering Committee chaired by Provost
• Four Domain Subcommittees
• Undergraduate Education
• Graduate/Professional Education
• Faculty Development
• Research
• Engagement Subcommittee
• Staff Development Subcommittee

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UCAPP Charge Highlights

• Advise Presidents Cabinet
• Identifying academic priorities
• Revising university-wide strategic plan
• Recommending criteria and principles for resource
  allocations
• Monitoring success in achieving intended outcomes

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2006-09 Strategic Plan Alignment with the Top
20 Business Plan

• Five Major Goals
• Enrollment Plan
• Campus Master Plan
• Market Analysis
• Workforce Planning

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2006-2009 Strategic Plan

• Next Steps
• Implement College/Unit planning activities
• Finalize measures of progress based on
  College/Unit initiatives
• Complete process by April 2007
• UCAPP Website http//www.uky.edu/ucapp/