March 28, 2006

April 12th, 2011 by JJ

28 March 2006

Present: Crangle, Cocchiarella, Fahey, Landry, Levy, Hage, Petz, Sparks, Thurston.

Bill distributed a packet of USNH strategic indicators. The board of trustees wanted a smaller set of indicators that could realistically drive decisions. The board will have another discussion on the resulting eighteen indicators on April 20 at PSU. After explaining the format of the document and some minor discussion of several indicators, Bill focused for this meeting on the financial indicators.

The 10th indicator, operating margin, is key to all the financial indicators. This is the amount that at the end of each year becomes the bottom line. Bill noted that our budgeting and the system’s accounting methods differ enough that it is difficult to reconcile them. He hopes to eventually match our accounting method to that of the USNH. Bill’s discussion went on to include indicators 11 through 13, unrestricted net assets to operations, unrestricted net assets to debt and total financial resources per FTE student.  The board, at the next meeting, will comment on whether they think our indicator targets are realistic.

The above discussion took the entire meeting time. The next CBC meeting is Tuesday, April 11 at 8am in HUB 119.

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