5.1. Optimize the financial position of the school
In this time of declining state budget support, changes in the campus budget paradigm, and increasing dependence on other sources of funding, the school recognizes the need to develop new, sustainable sources of revenue. We will work with campus to optimize the transition from our current budget format to the new budget paradigm and discuss advantages and disadvantages in advance. This will be a natural time to assess the financial structures of our units and strategize budget or revenue generating approaches for the future. We will also be looking at ways to collaborate with corporate partners to support program initiatives of mutual benefit.
a. Optimize the school’s position within the new UC Davis incentive-based budget.
- Get feedback from constituency groups throughout the budget process.
- Proactively participate in the campus budget process to ensure that the impact of proposed policies on the SVM is well-understood.
b. Examine opportunities to collaborate with vendors in accordance with vendor relations policies.
c. Develop a comprehensive assessment of the VMTH financial model.
- Assess resource investments in light of contributions to teaching, research, service and fundraising.
- Conduct an in-depth benchmark assessment to determine opportunities in greatest need of improvement, cost efficiencies, etc.
d. Work with national groups to improve consistency of financial data in the annual AAVMC Comparative Data Report.
e. Understand the impact of pending retirements on future school finances.
- Building for the Future -With the VM Student Services and Administration Center and the Alex A. Ardans Tulare Branch Laboratory, CAHFS in Tulare rising out of the ground, renovation projects identified as part of the Tupper Lab Study, and extensive planning for the Veterinary Medical Center, the SVM is providing a solid infrastructure to support students, diagnostics, research, and clinical teaching and service long into the future. Check out the Facility Update-October 2015 (download pdf).
- Dean Lairmore presented the key areas that frame the SVM financial picture in his annual Budget Update (download pdf). These areas are: the status of the State of California's budget and the commitment of the Governor and legislature to public higher education; the campus budget model and investments in the SVM; and our strengths and investment priorities shaped by our strategic plan. Overall, the state budget situation and the new budget model bode well for the School.
- SVM Budget Update – July 2015 (download pdf)
- The Executive Assistant Dean for Administration recently met with the campus budget staff to review the fiscal expectations for the 2014-15 academic year.
- School of Veterinary Medicine reaches $160 million fundraising campaign goal
- Resource Management
In support of our goal to manage our resources well, we have recently finalized two documents. The SVM Research Space Policy outlines the guiding principles and procedures for the review and assignment of faculty office and laboratory space. The SVM Resource Request Form outlines the detailed information needed for these requests, including review at the department/unit level and the development of potential cost-sharing strategies. Both of these documents are available on VIPER under ADMIN and then a new tab called POLICIES/GUIDELINES:
- SVM Budget Update – June 2013 Download pdf
- Progress Report – June 2013 – Financial Resources Download pdf
- Quarterly Report – October 2012 – Financial Resources (5.1.) Download pdf
- Effective Infrastructure and Resources
In support of the teaching, research and service missions of the school, many strategic goals will rely on a high speed and stable network. With increasing reliance on technology, the school recognizes the need to provide our faculty, staff and students with improved network infrastructure. In conjunction with the campus horizontal wiring project, the school is committed to replacing all network wiring in the William Pritchard Veterinary Medical Teaching Hospital, Veterinary Medicine 2 and Tupper Hall with category 5e cables that will support up to 1 gigabit to the desktop. This is a 3-year project that will begin this fiscal year (2012-2013) and continue until the 2014-2015 fiscal year. The campus will cost-share this project with the SVM. The school's portion will be approximately $300,000/year for 3 years.