Ensure Stewardship of the Institution
As a top-tier research university, our success is integral to the overall success of the public university system in Kansas. We are a resilient and adaptable university community that is prepared for the challenges of the future. Having predictable revenue streams ensures university leaders can plan for future success. This includes expansion of programs, physical improvement of campuses, and student support.
The following metrics have been identified as key ways we can contribute to this overall objective. This data lets us reflect on our historical trajectory, while also setting targets for future performance.
Composite Financial Index
The composite financial index (CFI) is a measure of financial health used widely throughout higher education. It relies on information from audited financial statements and utilizes four core ratios measuring various aspects of an organization’s financial wellbeing. The ratios are the primary reserve ratio, the viability ratio, the return on net assets ratio, and the net operating revenues ratio. The four ratios are weighted and combined to determine the CFI. The University of Kansas will use its CFI score as an indicator of its financial status.
For KU to sustain or increase its level of productivity, philanthropic gifts will be fully utilized. The support of donors helps make KU a world-class institution as only a portion of KU’s total operating expenses come from State funds. In partnership with KU Endowment, the University of Kansas will strive to acquire funds that will support students, faculty, facilities, land holdings, research, programs, and equipment. The more gifts the university and KU Endowment can acquire translates to more opportunities and support for students, faculty, programs, and facilities.
By definition, deferred maintenance is the practice of postponing maintenance activities such as repairs in order to save costs, meet budget funding levels, or realign available budget monies. With current funding levels, deferred maintenance upgrades will always be needed for the foreseeable future. The timely completion of prioritized urgent projects in our mission critical facilities and to mission critical facilities will help ensure the safe ongoing operation of KU’s teaching, research, and service missions. This metric will be tracked by the comparing the growing cost of deferred maintenance to the amount allocated towards these costs.