Be Fiscally Responsible

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Strategic Direction #7: To be fiscally responsible, supporting the Vision and Mission of the School

 

Goals and Metrics

  1. Ensure the continued financial health of the School in the context of the University financial plan

    Metrics
    - Compliance with Institutional Planning and Budgeting guidelines
    - Decrease in number of expense policy variances

  2. Align funding with the strategic priorities and goals of the School

    Metrics
    - Percentage of business compliant with Activity Based Budgeting with overall funding assigned to strategic priorities

  3. Expand revenue generating opportunities to support growth and development

    Metrics
    - Number of initiatives brought forward each year for evaluation
    - Number of opportunities put forward are evaluated to ensure profitability; return on investment
      of maximum four
      years, with net contribution to the bottom line of 5-10 per cent
    - Increase the share of the operating budget from non-Provincial sources by 1 per cent per year**

  4. Mobolize philanthopy to fuel the strategic priorities and goals of the School

    Metrics
    - Amount of call activity (number of calls/visits with alumni and community prospects)
    - Amount of dollars raised


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* SMA-defined metric
** Western-defined metric