A message from Provost Rogan Kersh and Senior Vice President Hof Milam.
Wake Forest’s Strategic Resources Initiative was launched in fall 2012 to identify sources of new revenue and cost savings that could be applied to student financial aid, faculty and staff compensation, and other strategic University priorities, including academic programs and facilities. As our work began, the financial outlook for higher education across the U.S. remained worrisome, even as internal financial pressures continued to mount. The target SRI goal of $5-10 million in recurring operating funds is the equivalent of receiving a new endowment of $100-200 million. The Initiative is a vital part of our strategy to establish Wake Forest on more solid financial ground.
In April 2013 after the initial year of work, the SRI Steering Committee (membership at Appendix A of the full report) issued a ‘discussion draft’ with $6.2 million in cost reductions and revenue increases over time. Several WFU-wide presentations followed, along with many informal group and individual conversations; ultimately, faculty and staff provided valuable feedback resulting in changes to several SRI recommendations.
Open to all staff, this important SAC meeting will be held from 9:30 to 11 a.m. in Farrell Hall, Broyhill Auditorium. For more information about the SAC, visit sac.wfu.edu.
The following message is from Provost Rogan Kersh and Senior Vice President Hof Milam:
We are pleased to announce that the university plans to implement a centralized, campus-wide license for Event Management System (EMS) for scheduling of non-classroom space on campus. This software will allow us to manage space far more effectively, provide a user-friendly process for reserving conference rooms and other space, and collect/utilize accurate usage data.
As a result of Strategic Resource Initiative (SRI) work this past year, we realized that more than 30 individual space managers across campus were utilizing various practices for scheduling space. After assessing our current processes and costs, EMS was identified as the best solution for efficiency and ease of use. In addition, by consolidating existing EMS licenses and maintenance fees currently held by several groups on campus, we are saving the university thousands of dollars.
A cross-campus implementation team will spend the next 6-8 months working with space managers across campus to implement the software. Our grateful thanks to this team, whose members are:
- Mike Ayuso, IS
- Sean Brittain, Facilities & Campus Services
- James Buckley, Campus Life
- Alisa Elmore, Admissions
- Kettie Fickter, Athletics
- Max Floyd, Campus Life
- Karen Frekko, School of Business
- Beth Hoagland, Provost’s Office
- Trevor Hughes, School of Law
- Mary Beth Lock, ZSR Library
- Sharon Melnik, Conference Services
- Harold Pace, University Registrar
- Randy Rogan, College
- John Wise, Hospitality and Auxiliary Services
We are looking forward to reaping the benefits of this approach to space management.
The following is a message from President Nathan Hatch:
The fall semester is always a time of enthusiasm among our students and tremendous activity among faculty and staff. I am looking forward to several opportunities over the next couple of months to address issues of importance to our campus community. Read more
The SAC will hold its final meeting of the school year in Benson 401 from 9-10:30 a.m. on Thursday, May 30. Refreshments will be available, and the first 30 minutes will be an introduction of new members and recognition of outgoing members.
At 9:30 a.m., Provost Rogan Kersh and Senior Vice President for Finance and Administration Hof Milam will share the preliminary results of the University’s Strategic Resource Initiative (SRI) and take questions about these initiatives.
All faculty and staff are encouraged to attend this presentation, which is the last in a series that was offered about this stage of the SRI. The SRI working group encourages feedback and questions.
- A summary of the presentation and the PowerPoint slides are available on Inside WFU
- A summary of frequently asked questions also is available
- Additional feedback and questions may be sent to SRI@nullwfu.edu