Learn how you can customize, make key decisions, and cultivate ownership of a responsibility center management (RCM) budgeting model on your campus. Larry Goldstein will walk you through critical aspects of RCM so you can better:
- Establish levels of decision making
- Train your non-financial constituents
- Gain buy-in and ownership
- Strategize your roll-out plan
“This explanation and presentation of the RCM budget model was enlightening and very reassuring that our Task Force is on the right track with modifying our current budget program. We also realized throughout the presentation that CSULA has utilized several RCM principles over the past few years.”
– Troy Allen, Director of Strategic Planning & Quality Improvement, CSULA
Who Should Attend
The audience for this program includes all higher education finance and budget officers who are considering a transition to, or who are interested in learning more about, this budget model. Chief financial officers, vice presidents and assistant vice presidents for finance and administration or finance and business operations are all encouraged to attend.
Learning Outcome
After participating in this online training, you will be able to identify key decisions related to RCM implementation.
Agenda
- Scalability and Customization of RCM
- Defining the RCM continuum
- Examples of RCM models within the continuum
- Keys to scaling your institution’s RCM model
- Key Decisions for RCM
- Revenue categories and cost pools
- Tuition complexities
- Administrative expenses
- State appropriation and taxation
- Cultivating ownership for RCM
- Clearly defining decision making levels
- Structuring your task force and committees
- Bringing in financial expertise and training
- Using forums to clarify decisions
- Phasing your roll-out and considerations for implementation
Instructor
Larry Goldstein, President, Campus Strategies, LLC
Larry is the president of Campus Strategies, LLC, a higher education management consulting firm. His consulting interests cover a wide range of topics, including higher education budgeting, strategic planning, accounting, and finance. He writes and speaks frequently on these topics. He is the author of A Guide to College and University Budgeting: Foundations for Institutional Effectiveness and has co-authored several publications including Presidential Transitions: It’s Not Just the Position, It’s the Transition.
Immediately prior to establishing Campus Strategies, LLC, Goldstein served as senior vice president and treasurer of the National Association of College and University Business Officers (NACUBO). He joined NACUBO after spending twenty years in higher education financial administration. In his last campus position, he served as the University of Louisville’s chief financial officer. Before that, he held administrative appointments with the University of Chicago, the School of the Art Institute of Chicago, and the University of Virginia.