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Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
Chancellor's in-service presentation 2010
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Chancellor's in-service presentation 2010

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Transcript

  • 1. Conquering Challenges by Creating 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. 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. 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. 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 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. 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

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