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Conquering Challenges
by
Creating Opportunities
1
2
3
Unemployment
Trends
4
MO General Revenue
Collections
5
Projected State Aid
Cuts
6
MCC Projected
Budget Deficits
7
MCC Expense
Breakdowns
8
Current Employer Costs 2002 2010 Percent Change
Medical $3,272,234 $6,538,615 100%
PSRS/PEERS $3,816,605 $6,404,279 68%
Ot...
Early Retirement
Costs
Early Retirement Costs 2002 2010 Percent Change
Incentive Payment $353,259 $747,548 112%
Retiree In...
Projected Retirement
Liability
11
MCC Budget 101
• Unexpended Plant Fund = our savings account
• Operating Budget = our pay check
• Bond Debt = our mortgage...
Organizational Culture
• Culture is more important than strategy.
• Culture underlies an organization’s ability to
adapt.
...
Culture Change
• Breaking down silos
• A more interactive Cabinet
• A better informed Budget Response Team
• New PRP “proo...
Tough Decisions for the
Future
• PERSONNEL COSTS HAVE RISEN TO ALMOST
80% OF THE TOTAL BUDGET:
– Rising costs of health be...
Opportunities
• Institute for Workforce Innovation
• Leasing
• Grants
• Auxiliary Services
16
Opportunities (cont.)
• Annexation
17
School District Projected Annual Net Fiscal
Impact
St. Joseph $2,178,011
Liberty $1,...
Difficulty
Creates Opportunity
Albert Einstein proposed 3 rules of work:
• Out of clutter, find simplicity
• From discord,...
Adaptability Creates
Opportunity
“It is not the strongest of the species
that survives, nor the most
intelligent, but rath...
Academic
Opportunities
• Expansion of Online Learning – A Virtual MCC
Campus
• In 1992, Smith Corona was a $500 million
co...
Academic
Opportunities
• A culture of assessment with an eye for
improvement
• A district-wide Developmental Education
eff...
Impediments to
Innovation
In 2006, the Boston Consulting Group found the
four biggest impediments to innovation to be:
• L...
Colin Powell
“Being responsible sometimes means [ticking]
people off. Good leadership involves
responsibility to the welfa...
“Creating
Opportunities”
I will create opportunities
Will you?
24
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Chancellor's in-service presentation 2010

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Transcript of "Chancellor's in-service presentation 2010"

  1. 1. Conquering Challenges by Creating Opportunities 1
  2. 2. 2
  3. 3. 3
  4. 4. Unemployment Trends 4
  5. 5. MO General Revenue Collections 5
  6. 6. Projected State Aid Cuts 6
  7. 7. MCC Projected Budget Deficits 7
  8. 8. MCC Expense Breakdowns 8
  9. 9. Current Employer Costs 2002 2010 Percent Change Medical $3,272,234 $6,538,615 100% PSRS/PEERS $3,816,605 $6,404,279 68% Other* $4,623,775 $5,393,419 17% Total $11,712,614 $18,336,313 57% Fringe Benefit Increases 9
  10. 10. Early Retirement Costs Early Retirement Costs 2002 2010 Percent Change Incentive Payment $353,259 $747,548 112% Retiree Insurance Benefit $476,124 $1,147,656 141% Net Early Retiree Premium Pay $825,925 $1,287,879 56% Total $1,655,308 $3,183,083 92% 10
  11. 11. Projected Retirement Liability 11
  12. 12. MCC Budget 101 • Unexpended Plant Fund = our savings account • Operating Budget = our pay check • Bond Debt = our mortgage • Bond Debt is paid by Unexpended Plant Fund + Operating Budget • Last FY, we paid our debt without digging into reserves to create a one year cushion before the BIG shoe falls. 12
  13. 13. Organizational Culture • Culture is more important than strategy. • Culture underlies an organization’s ability to adapt. • A culture of uncertainty and resistance paralyzes innovation. • Organizational culture can enable or destroy the ability to change. 13
  14. 14. Culture Change • Breaking down silos • A more interactive Cabinet • A better informed Budget Response Team • New PRP “proof-of-concept” • Faculty liaison • Regular meetings with governance leaders • Officer group meetings on campuses 14
  15. 15. Tough Decisions for the Future • PERSONNEL COSTS HAVE RISEN TO ALMOST 80% OF THE TOTAL BUDGET: – Rising costs of health benefits – Rising costs of current early retirement benefits – Full-time v. part-time, what’s the right ratio? • WE WILL WORK TOGETHER TO FIND THE RIGHT ANSWERS. 15
  16. 16. Opportunities • Institute for Workforce Innovation • Leasing • Grants • Auxiliary Services 16
  17. 17. Opportunities (cont.) • Annexation 17 School District Projected Annual Net Fiscal Impact St. Joseph $2,178,011 Liberty $1,164,035 Platte County R-III $773,348 Raymore-Peculiar R-III $634,096 Total $4,749,490
  18. 18. Difficulty Creates Opportunity Albert Einstein proposed 3 rules of work: • Out of clutter, find simplicity • From discord, find harmony • In the middle of difficulty lies opportunity 18
  19. 19. Adaptability Creates Opportunity “It is not the strongest of the species that survives, nor the most intelligent, but rather the one most adaptable to change.” - Charles Darwin 19
  20. 20. Academic Opportunities • Expansion of Online Learning – A Virtual MCC Campus • In 1992, Smith Corona was a $500 million corporation. Its CEO stated, “Many people believe that the typewriter and word- processor is a buggy-whip industry, which is far from true. There is still a strong market for our products in the U.S. and the world.” 20
  21. 21. Academic Opportunities • A culture of assessment with an eye for improvement • A district-wide Developmental Education effort • “Stackable Credentials” • Articulation 21
  22. 22. Impediments to Innovation In 2006, the Boston Consulting Group found the four biggest impediments to innovation to be: • Lengthy Development • Lack of Coordination • Risk-Averse Culture • Limited Customer Insight 22
  23. 23. Colin Powell “Being responsible sometimes means [ticking] people off. Good leadership involves responsibility to the welfare of the group, which means that some people will get angry at your actions and decisions. It’s inevitable, if you’re honorable.” I will pursue the welfare of MCC. Mark James 23
  24. 24. “Creating Opportunities” I will create opportunities Will you? 24
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