Strategic Outcome 5: Stewardship of resources
Developing and managing fiscal resources
Financial
resources are garnered and managed to
enhance
outcomes.
University of Missouri Extension recognizes several
sources of resources necessary for
pursuit of the University's outreach
mission. Primary sources include internal allocations, federal appropriations, grants and
contracts, county extension councils, program income, contributions and partnerships. Each source is
vital to providing support for 21st
century extension
programming.
Internal allocations of
state appropriations are anticipated
to continue as the largest single
source of support. This resource is
expected to change at the rate (and
direction) of change experienced
overall by the University.
Federal appropriations,
primarily from the U.S. Department of
Agriculture, are anticipated to remain
static for the foreseeable future, if
not increase at the rate of inflation.
National initiatives are under
consideration regarding the prospect
of recurring funding
arrangements with other federal
agencies.
Grants and contracts
with federal, state and local agencies
will continue to be a significant
source for leveraging core funding to
enhance extension
programming. Grant and contract
funding is anticipated to be an area
of significant growth.
County extension councils
secure and manage support garnered
from local entities interested in and
benefiting from outreach and extension
programming. Overall, annual
appropriations from county commissions
to councils historically have
increased at approximately the rate of
inflation. Program income results from
program sponsorships and/or fees
charged for selected programs and
services. It is anticipated that this
source of support will gain in
significance.
Contributions
through gifts and
endowments will continue to grow as a
source of support for extension programs. Program
beneficiaries increasingly will be
provided opportunities to contribute
toward endowments to supplement and
enhance core funding.
Partnerships with numerous agencies and
organizations having program goals consistent with those of
University of Missouri Extension will result in program enhancement
through matching (in-kind) resources.
Strategy 1:
Continuously improve management of
program support costs.
1.1
Provide ongoing monitoring of program
support costs as
compared with direct program delivery
costs.
1.2
Redirect and/or reorganize program
support functions to assure
necessary and effective services to
programming units.
Strategy 2:
Continuously increase leveraging of
core funding.
2.1
Support faculty and staff with
training and technical assistance
to pursue grant and contract funding
and partnerships
successfully.
2.2
Continuously improve management
support for faculty securing
external funding.
Strategy 3: Pursue
access to recurring funds from federal
agencies in addition to USDA.
3.1
Provide leadership for and/or
participate in regional and national
efforts to develop recurring funding
arrangements with federal
agencies.
3.2
Monitor and encourage developing
relationships with federal
agencies.
Strategy 4:
Develop resources to support program
income and contributions.
4.1
Create a revenue enhancement task
force involving both
internal and external members.
4.2
Implement feasible policies and
practices as recommended by
the task force.
Performance
Indicators
-
Maintenance of an
appropriate ratio of program
support costs to direct program
development and delivery costs
-
Maintenance of the
purchasing power of resources
relative to the Higher Education
Price Index
-
Increase in the
ratios of program support from
grants and contracts, program
income and contributions
(endowment revenues) as compared
with total revenues
-
Increase in the
overall leveraging of core
funding.