Implement the 2023 KSU Sustainability Plan.

Tactics:

• 3.4a - Charge and launch the Sustainability Steering Committee. 
• 3.4b - Thoughtfully and methodically prioritize and initiate KSU Sustainability Plan action items.

Align the KSU Facilities Master Plan with projected future needs.

Tactics:

• 3.3a - Complete Phase I by June 30, 2025.
• 3.3b - Review and update the university’s design standards to reflect modern strategies and objectives, including sustainability, modularity, and flexibility.
• 3.3c - Re-examine future phases of the KSU Facilities Master Plan and prepare a revised plan by June 30, 2026.

Optimize preventative maintenance activities through the Assetworks program.

Tactics:

• 3.2a - Establish metrics through data housed in AssetWorks.
• 3.2b - Implement strategy to achieve 80% planned maintenance.
• 3.2c - Assess progress toward goals and adjust accordingly.

Update and implement a deferred maintenance strategy including priorities, action items, and funding sources.

Tactics:

• 3.1a - Annually update the 10-Year Deferred Maintenance List, including priority, timing, and proposed funding sources.
• 3.1b - Prepare the 6-year state capital plan (FY2025 – 2030) in alignment with projects prioritized in the 10-Year Deferred Maintenance List and the KSU Facilities Master Plan.
• 3.1c - Implement capital projects according to plan.

• Senate Bill 6 Ratio
• Bond Ratings
• Current unrestricted year-end budget surplus/deficit

Develop a Northeast Ohio University Shared Services Initiative.

Tactics:

• 2.4a - Assess the feasibility of a shared services function.
• 2.4b - Develop recommendations and secure authorization to proceed.
• 2.4c – Develop an implementation plan and proceed with next steps.

Explore opportunities to restructure the 2013 Series B Private Placement Bonds in a cost-neutral manner. 

Tactics:

• 2.3a - Review debt structure on a regular basis and develop recommendations based upon current market conditions and assumptions.
• 2.3b - Initiate and execute the restructuring transaction (terminate the swap and extend/optimize the debt service term) when the financial analysis is favorable.

Leverage technology and automation to optimize business processes.

Tactics:

• 2.2a - Select and implement procure-to-pay software. 
• 2.2b - Implement Ellucian Banner salary planning tool.
• 2.2c - Implement Ellucian Banner budget development platform. 

Deliver balanced budgets by expanding and enhancing the Five-Year Financial Forecast.

Tactics:

• 2.1a - Review and update the forecast annually as a kickoff to the annual budget development process.
• 2.1b - Expand to other areas of the university (regionals, colleges, auxiliaries).
• 2.1c - Continually add new forecasting variables and assumptions to enhance completeness, accuracy and precision.