Optimizing Commitment Planning: Enhancing Financial Viability and Strategic Alignment
Live Event: 11/07/2024 at 2:00 PM (EST)
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Not all commitments in higher education are financially sustainable, making it crucial for institutions to implement a robust tracking system to evaluate their impact effectively. Join us to learn how Montana State University has successfully enhanced its commitment planning process by categorizing commitments and tracking them by funding source, leading to more informed and strategic decision-making.
With a multi-year perspective, Montana State has been able to assess the current and future financial impacts of commitments throughout their entire lifecycle, including any necessary revisions. The university has achieved greater transparency by detailing the type of agreements and required funding—such as capital, space, and salaries—and by specifying funding sources, including unrestricted funds, endowments, and gifts. This comprehensive tracking approach has enabled a clearer understanding of resource allocation, optimized spending, and better alignment of commitments with the institution's strategic and financial objectives.
Learning Objectives
After this webinar, you will be able to—
- Recognize the necessity of a robust planning system in higher education to ensure financial viability and strategic alignment of commitments
- Assess current and future financial impacts of commitments using a multi-year view
- Increase transparency and accountability in resource allocation
- Align commitments with broader strategic and financial objectives
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:
- 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.
- Submit the CPE check-out code displayed at the end of the webinar.
- Download your CPE certificate.
You have until 5 pm Eastern Time on November 15, 2024, 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.
Mackenzie Seeley
Interim Director, University Budget Office
Montana State University
MacKenzie Seeley is the interim budget director at Montana State University (MSU). With over a decade of experience as a senior analyst, she has developed a strong background in data analytics and the processes that influence MSU’s four campuses and three agencies. In her current role, Seeley provides critical financial insights to institutional decision-makers, helping to align the budget with strategic goals. She also plays a key role in projecting tuition discounting impacts on net tuition and has led a comprehensive overhaul of the existing administrative and facilities overhead models.
Lise Fitzpatrick
Director, Higher Education Services
Strata Decision Technology
Lise Fitzpatrick is director of higher education services at Strata Decision Technology. Passionate about the impact of higher education on individuals and the economy, Fitzpatrick enjoys empowering colleges and universities to fuel their mission. Her goal is to support clients as they elevate their planning and analytic capabilities to acquire new insights and accelerate informed decision making. She partners with customers to address their toughest financial challenges by integrating and expanding traditional budget processes to include a strategic-to-tactical planning loop. Her experience beyond eight years in technology implementations, product development, and thought leadership includes a long career at Western Washington University serving in a variety of roles including mergers and acquisitions, tuition revenue planning, central budgeting, position control, information systems, operations, and program management. Fitzpatrick holds an MBA from Western Washington University, as well as a BS in finance from the University of Southern California.
Disha Venkatesan
Vice President, Higher Education Growth
Syntellis, now part of Strata
Disha Venkatesan is an influential leader in the realm of higher education financial strategy and planning. With a notable tenure as vice president of the higher education practice at Kaufman Hall and over five years at Syntellis, she has excelled in driving revenue growth and optimizing resource allocation in higher ed. Her dedication to equipping universities for future challenges is reflected in her development and implementation of advanced budgeting and strategic planning tools, benefiting over 100 institutions. Venkatesan's rich educational background includes a master's of public policy from the University of Virginia, an MBA from the University of Connecticut School of Business, and executive education from the Kellogg School of Management at Northwestern University. Her innovative problem-solving and leadership skills have markedly enhanced operational efficiency and financial outcomes across universities.
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