Ensure Financial Integrity and Strength
UNM operates in the context of a modern economy, raises funds through innovative mechanisms and judiciously invests them, and utilizes strategies that recognize and address financial and market realities in higher education.
STRATEGY 6.1: DEVELOP A DIVERSIFIED, SUSTAINABLE FINANCIAL MODEL TO SUPPORT THE GOALS, MISSION, AND VALUES OF THE UNIVERSITY
Metric: Regular reporting and approval of budget milestones according to annual budget development timeline
Objective 6.1.1: Develop an incremental set of incentive-based budgeting approaches that encourage revenue growth and enhanced student and faculty success, and begin sequential implementation of these into the University budget model. Completion Target: Summer 2020, Responsibility: Costantinidis, Holloway
STRATEGY 6.2: ENSURE REGULATORY COMPLIANCE AND MAXIMIZE SAFETY ON OUR CAMPUS WHILE CONTROLLING COST
Metric: Annual Progress on campus-wide risk assessment and evaluation.
Objective 6.2.1: Maximize efficiency and effectiveness of EthicsPoint by completing a users SOP, continuing to provide training opportunities for investigators and reviewing the process flow of cases from the initial entry of the complaint to the completion of an investigation. Completion Date: Summer 2020, Responsibility: Cordova
Objective 6.2.2: Plan and begin implementing new safety and security measures including hiring a campus security officer, assessing and making recommendations on additional lighting, security cameras, access control and develop a plan for long-term monitoring, maintenance and renewal. Completion Target: Summer 2020, Responsibility: Costantinidis, Holloway
STRATEGY 6.3: CONTINUE BUILDING THE UNM ENDOWMENT
Metric: Year-end endowment market value
Objective 6.3.1: Grow endowment to $480M by 2020. Completion Target: Summer 2020, Responsibility: Todd
Objective 6.3.2: Achieve annual fundraising goal of $80M. Completion Target: Summer 2020, Responsibility: Todd