Goal 1

Goal 1

Enhancing financial resources

IU Southeast will strategically allocate its financial resources to initiatives that further the campus mission.

Strategies

1. Manage campus resources in accordance with the Higher Learning Commission’s standards for resource allocation, planning and institutional effectiveness.
   1. Use data to reach informed decisions ensuring educational purposes are achieved and internal and external factors are anticipated and considered.
   2. Continue a well-developed budgeting process that monitors finances and plans on the basis of current capacity and revenue and enrollment fluctuations.
   3. Continue to link planning and budgeting processes to assessment of student learning and operational evaluations.
2. Allocate and realign funds to support programs and initiatives that recruit, retain and graduate students.
   1. Utilize the entire scholarship process (from allocation of funds, awareness of opportunities and timely notification of awards) to strategically recruit and retain students.
   2. Prioritize the allocation of new dollars and reallocation of current general fund dollars to scholarships and high-growth areas, in-demand academic programs and high-impact practices.
   3. Increase the general fund budget for institutional financial aid for recruitment and retention purposes and to improve the alignment with regional campus peers.
   4. Explore academic incentive grants to fund ideas generated by the IU Southeast community to support programs that improve diversity on campus.
   5. Develop actionable plans for any underutilized or dormant accounts with the IU Foundation to bring them current.
3. Recognize and support revenue-generating programs that support lifelong learning while simultaneously utilizing our campus space to its fullest capacity.
   1. Explore and utilize funding models that support revenue-generating initiatives.
   2. Build and grow non-credit programming.
   3. Create a summer camp experience for Prekindergarten through 12th Grade (P-12) students.
   4. Secure business partnerships for student enrollment, use of campus space for corporate events and conferences and non-credit course offerings.
   5. Develop a comprehensive plan to host events on campus that incorporates the Ogle Center, Housing and Conference & Catering with the goal of increasing the number of outside events on campus.
4. Secure external funding to support key campus initiatives that recruit, retain and graduate students.
   1. Develop a long-term funding plan for athletics that combines internal funding with community support and donor funding to increase scholarships to our athletes and enhance its current teams.
   2. Secure additional donations for renewable scholarships that can be offered to incoming students to target student retention and persistence, student experiential learning opportunities and study abroad.
5. Secure external funding to support faculty research and scholarly activities; academic schools, programs and centers; mission-fulfillment initiatives; and institutional operating needs.
6. Establish fundraising priorities for the next University capital campaign.