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KPI 5: Fiscal Responsibility/Affordability

Measure 5a:  Net Unit Cost Target State average or less Date
FY09
Green Light
10FA
FY10
Green Light
11SP
FY11
Green Light
12SP
     
.

Measure 5b1:  Budgeted Revenues vs. Actual Revenues Target Actual revenues 
≥ 100% of budgeted revenues
Date
FY10 Green Light
10FA
FY11 Green Light 11FA
FY12
Green Light
12FA
     
.

Measure 5b2:  Budgeted Expenditures vs. Actual Expenditures Target Actual expenditures 
±2% of budgeted expenditures
Date
FY10
Green Light
10FA
FY11
Yellow Light
11FA
FY12
Yellow Light
12FA
     
.

Measure 5c:  Tuition and Basic Fee Rates Target Within the state equalization funding formula Date
10FA
Green Light
11SP
11FA
Green Light
12SP
12FA
Green Light
13SP
     
.

Measure 5d:  Reimbursable Credit Hours Target At least as many reimbursable credits as the previous FY Date
FY10 Green Light 10FA
FY11 Green Light 11FA
FY12 Yellow Light 12FA
     
.
(Relates to AQIP Category 6, Supporting institutional needs)
Description/Definition:  This is the cost of instruction per credit hour.
Methodology, Frequency and Data Source:  Information is aggregated by ICCB and then reported to local community colleges annually in Table 6C1 for use in the ICCB Performance Report.  The target was determined by using the average of the last three years for IVCC ÷ the average of the last three years for the state.  
Source:  Community College Unit Cost Study (Unrestricted cost data only)

Notes:  The ICCB Peer Group III (Enrollment greater than 4,000 headcount – Downstate – Located in or near communities of less than 50,000 populations) includes the following institutions:  Illinois Eastern Community Colleges, Illinois Valley Community College, Kankakee Community College, Lake Land College, Lewis & Clark Community College, John A. Logan College, and McHenry County College.

(Relates to AQIP Category 6, Supporting institutional needs)
Description/Definition:  This compares budgeted revenues to actual college revenues, including local government, state government, federal government, student tuition and fees and other sources.
Methodology, Frequency and Data Source:  Budgeted and actual revenues are found in the Comprehensive Annual Financial Report.  
Source:  Business Services and Finance intranet site under Financial Reports http://www.ivcc.edu/businessservices.aspx?id=5328

(Relates to AQIP Category 6, Supporting institutional needs)
Description/Definition:  This compares budgeted expenditures to actual college expenditures in the areas of instruction, academic support, student services, public services/continuing education, institutional support, scholarships, grants and waivers, and debt service.
Methodology, Frequency and Data Source:  Budgeted and actual expenditures can be found in the Comprehensive Annual Financial Report.   
Source:  Business Services and Finance intranet site under Financial Reports http://www.ivcc.edu/businessservices.aspx?id=5328

(Relates to AQIP Category 2, Accomplishing other distinctive goals, and Category 3, Understanding students’ and other stakeholders’ needs)
Description/Definition:  This measure compares IVCC’s tuition and basic fee rate to that of the state average tuition and basic fee rate.
Methodology, Frequency and Data Source:  ICCB annually surveys all community colleges for their fall tuition and basic fee rates for a full-time, in-district student.  This data is aggregated and returned to each college in table 3M1 for use in the ICCB Performance Report.  
Source:  ICCB Survey of Colleges

(Relates to AQIP Category 3, Understanding students’ and other stakeholders’ needs, and Category 6, Supporting institutional needs)
Description/Definition:  This is the sum of total reimbursable credit hours for a fiscal year (summer, fall, and spring) that IVCC reports for reimbursement in the ICCB SUSR report.
Methodology, Frequency and Data Source:  This measure is obtained annually using a copy of the IT Department’s Fiscal Year ICCB Certification Document.  Take the total reimbursable credit hours for all three terms (summer, fall, & spring) and subtract the total correctional hours for those same three terms.  
Source:  IVCC ICCB SUSR (State Unrestricted State Restricted) report