The six, public four-year institutions of higher education in the state are required to submit data for a number of accountability measures to the Office of Financial Management by December 1st each year. The education data center manages the statewide public four-year dashboard which displays the accountability measures identified in statute. Data required to be submitted includes enrollment information, the number and types of degrees awarded, graduation rates, transfer rates, time and credits to degree, credit accumulation, retention rates, student debt load, market penetration, and much more.

The following measures are added to the statewide public four-year dashboard:

• ratio of fall headcount students to fall headcount faculty appointments;
• annualized ratio of full-time equivalent (FTE) students to FTE nonfaculty positions;
• net position for the academy as defined by the National Center for Education Statistics;
• annual primary reserve ratio as measured by expendable net assets to total expenses;
• cash on hand as calculated by the ratio of total cash on hand for the academy divided by operating expenses for the academy minus noncash expenses divided by 365;
• viability ratio as measured by unrestricted and expendable net assets;
• ratio of total expendable net assets for the academy per FTE student; and
• total market value of endowment holdings.

Data must be reported to the office of financial management by January 15th.

• Specifies that the measures are specific to the academic enterprise.
• Clarifies definitions and uses the National Center for Education Statistics definitions where appropriate.
• Modifies the reporting date.

The committee recommended a different version of the bill than what was heard. PRO: This bill is simple and straightforward. Larger research universities have revenue streams that are outside the sphere of our information. Concurrently, there is a fluctuation in enrollment in all state universities. This bill tries to find a common crossroad between all universities with different revenue streams, resources, and enrollment patterns, and gives an idea of the stability and financial status of the universities. This bill will help highlight the way administrations have grown at the expense of faculty over the last fifty years. It will highlight university debt. This is a first check in with state universities. This bill has utility value in the way education has fluctuated within the last five years This bill should ensure there are common definitions and assumptions for each data set required in this bill. It should provide consistent and relevant data across all institutions. Not having enough tenured professors can become a serious accrediting challenge.

None.