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Chancellor's in-service presentation 2010

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Transcript

  • 1. Conquering Challenges byCreating Opportunities
    1
  • 2. 2
  • 3. 3
  • 4. Unemployment Trends
    4
  • 5. MO General Revenue Collections
    5
  • 6. Projected State Aid Cuts
    6
  • 7. MCC Projected Budget Deficits
    7
  • 8. MCC Expense Breakdowns
    8
  • 9. Fringe Benefit Increases
    9
  • 10. Early Retirement Costs
    10
  • 11. Projected Retirement Liability
    11
  • 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. 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. 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. 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. Opportunities
    Institute for Workforce Innovation
    Leasing
    Grants
    Auxiliary Services
    16
  • 17. Opportunities (cont.)
    Annexation
    17
  • 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. 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. 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. Academic Opportunities
    A culture of assessment with an eye for improvement
    A district-wide Developmental Education effort
    “Stackable Credentials”
    Articulation
    21
  • 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. 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. “Creating Opportunities”
    I will create opportunities
    Will you?
    24
  • 25. Other Operating Expense Reduction Recap from 2008 to 2010
    Reduction in other operating expenses since 2008 – $2.8 million
    Examples of reduction:
    General Operational Expense: office supplies, non-capital equipment (less than $5,000) and mileage
    Printing
    Travel
    Telephone
    25
  • 26. 26
  • 27. 27
  • 28. Missouri Public School Retirement SystemPossible change for June 30,2013
    Cap contribution rate at 15% for current teachers
    Cap contribution rate at 12% for new teachers
    Reduce pensions for new teachers from 75% to 60% of compensation after 30 years
    Increase normal retirement age from 55 to 62
    Eliminate provisions allowing teachers to draw full benefits earlier than 62
    28