Goal 3: Improving Structural and Operational Effectiveness
Renaissance Plan See Goal 3 KPI J
Strideto2024@USD and New Budget Model See Goal 3 KPIs E, G and I
In December 2021, the USD Board of Trustees Chair Don Knauss and
StrideTo2024@USD includes three key elements: a series of initiatives
his wife, Ellie, increased their commitment to the business school to
to enhance efficiencies and achieve savings, the Comprehensive
$50 million. The Knauss Center for Business Education which will house
Administrative Review (CAR) process and the budget redesign process.
the Knauss School of Business — where business meets purpose — will
The 2024 goal is to reallocate a minimum of $15 million to enhance
open in August 2022. Its 120,000 square feet are intentionally designed
student financial aid, attract and retain top talent and advance new
to create an innovation and collaboration ecosystem that empowers
strategic initiatives. As of June 30, 2022, $15 million, or 100%, of
student experiences. Groundbreaking technology includes active learning
savings has been identified through a combination of the CAR process
classrooms, data analytics labs, a production studio, student start-up
and efficiency initiatives; additionally, the university recognized and
incubator spaces and dozens of collaboration spaces. Another exciting
redirected $11.7 million, or 78%, of those savings toward key priorities.
project announced this year was the approval to build a Wellness Center
Consistent with the stated goals, $3.3 million was directed to enhance
and Athletic Practice Facility. In addition, Olin Hall renovations will be
student financial aid and $3.0 million was to support the Horizon
completed in Fall 2022.
Project strategic initiative. Additionally, as a result of the momentum
Increase Endowment and Student Scholarships See Goal 3 KPI H
under StrideTo2024@USD in fiscal 2022, the university was able to
As of May 31, 2022, in academic year 2021-22,
was able to reinstate USD's 10% contribution to 403(b) accounts after
USD raised more than $67.8 million, which includes $30.6 million for endowed funds, $4.3 million for endowed scholarships and $4.0 million for current-use scholarships. In particular, development raised over $1.2 million for Horizon Project scholarships which the university will match to provide scholarships
accelerate the timeline for faculty, staff and administrator compensation adjustments by two and a half years, redirecting $5.4 million toward employee salaries to attract and retain top talent. Also, the Board this was put on hold during the pandemic. The Budget Model Redesign process, designed to move USD from an incremental budget model to an incentive-based model, remains in progress with the hold-harmless year planned for fiscal 2023. The new incentive model will provide a transparent and accountable budget process that facilitates the growth of the academic and auxiliary programs.
for underserved populations.
Strategic Plan and SIG Annual Report 2021-22
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