Legislative metrics finalized

The Higher Educations Omnibus bill recently released includes performance goals tied to funding; 5% of the FY17 appropriation will only become available based on the number of the following goals met:

1. Increase by at least one percent the four-year, five-year, or six-year undergraduate graduation rates, averaged over three years, for students of color systemwide at the University of Minnesota reported in fall 2016 over fall 2014. The average rate for fall 2014 is calculated with the graduation rates reported in fall 2012, 2013, and 2014.
2. Increase by at least two percent the total number of undergraduate STEM degrees, averaged over three years, conferred systemwide by the University of Minnesota reported in fiscal year 2016 over fiscal year 2014. The averaged number for fiscal year 2014 is calculated with the fiscal year 2012, 2013, and 2014 numbers.
3. Increase by at least one percent the four-year undergraduate graduation rate at the University of Minnesota reported in fall 2016 over fall 2014. The average rate for fall 2014 is calculated with the graduation rates reported in fall 2012, 2013, and 2014. The averaged number for fiscal year 2014 is calculated with the fiscal year 2012, 2013, and 2014 numbers.
4. For fiscal year 2016, reallocate $15,000,000 of administrative costs. The Board of Regents is requested to redirect those funds to invest in direct mission activities, stem growth in cost of attendance, and to programs that benefit students.
5. Increase licensing disclosures by three percent for fiscal year 2016 over fiscal year 2015.

We all continue to be impacted by the mandated reallocation of $15M of administrative costs for FY16. The Board of Regents is requested to redirect those funds to invest in direct mission activities, STEM growth in cost of attendance, and to programs that benefit students.