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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: Utilize the “Tuition Share” budget allocation process to incentivize revenue growth and quality improvement.  Completion Target: Spring 2017, Responsibility: Harris and Abdallah

Objective 6.1.2: Continue administrative coordination, integration and consolidation between the main campus and health sciences center. Completion Target: Spring 2017, Responsibility: Harris and Roth

Objective 6.1.3: Reactivate Lobo Development Corporation and increase real estate development activity. Completion Target: Summer 2017, Responsibility: Harris

STRATEGY 6.2: ENSURE REGULATORY COMPLIANCE AND MAXIMIZE SAFETY ON OUR CAMPUS WHILE CONTROLLING COST

Metric: Annual progress on campus-wide risk assessment (assessment to be developed during FY17 in conjunction with Regents Audit and Compliance Committee)

Objective 6.2.1: Continue reorganization and integration of compliance organizations for increased effectiveness and efficiency. Completion Target: Summer 2017, Responsibility: Frank

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: Nemcik

Objective 6.3.2: Achieve annual fundraising goal of $80M. Completion Target: Summer 2017, Responsibility: Nemcik