Driving Financial Transformation and Strategic Alignment at Western Kentucky University

Despite pervasive challenges in higher education, Western Kentucky University (WKU) has significantly transformed its financial planning processes, ensuring robust financial health for the future. This evolution has resulted in enhanced data transparency, fostered compelling dialogues between deans and the administration, and has been critical in forging a unified strategic approach across WKU.  

In this presentation, attendees will gain insights into WKU's transition to a responsibility center management (RCM) budget model, the methodologies employed by the finance team in tuition revenue analysis and fee structuring, and the establishment of forward-looking financial plans. Presenters will share their processes and lessons learned along the way, as well as how these changes have enabled them to make timely, data-driven decisions institution-wide to drive strong financial performance.

Learning Objectives

After this webinar, you will be able to—

• Articulate the role of data transparency in financial planning.
• Identify best practices for establishing forward-looking financial plans.
• Explain tuition revenue analysis and fee structuring methodologies.

Recording

This webinar will be recorded. Registrants will receive an email when the recording is available.

Sponsor

This NACUBO Partner Webinar is created by and offered free for members thanks to:

This webinar and associated materials are provided for general informational purposes only. The views expressed in the webinar are those of the sponsor and/or individual speakers and not NACUBO. NACUBO does not necessarily endorse any information, views, products, or services discussed in the webinar.

CPE Available: 1 Credit in Finance

Each individual must register and attend separately to earn credit.

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org

Event Information

• Level: Intermediate
• Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
• Advanced Preparation: None
• Delivery Mode: Group internet based
• Field of Study: Finance
• Length: 60 minutes

Steps to Earn CPE Credit

To earn CPE credit, you must attend the webinar live. CPE credit cannot be earned for watching the recording. 

After the webinar ends, you will complete the following steps under the Content tab: 

1. Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the webinar and complete the quiz at the end of the webinar. 
2. Submit the CPE check-out code displayed at the end of the webinar.
3. Download your CPE certificate. 

You have until 5 pm Eastern Time on May 14 to complete these three steps or report technology issues with this site to online@nacubo.org.

For more detailed instructions, review the CPE Instructions page.