Page 1 May 13 and 15. Page 2 The Innovation Task Force has identified and is forecasting $64.7M. Identified dollars become available to spend once initiatives.

Innovation Task Force

Page 1

May 13 and 15

Page 2

• The Innovation Task Force has identified and is forecasting $64.7M.

• Identified dollars become available to spend once initiatives are implemented and savings/new revenues are realized.

• We presently have $22M (of the $64.7M identified) in the current FY14 fiscal year university budget. This is the recurring annual amount achieved so far.Identified Available to Spend

(FY14 Budget)

$-

$10

$20

$30

$40

$50

$60

$70

$ in Millions

ITF Funded Investments(Since Inception through FY14)

Page 3

Faculty- Educa-tion and Re-search; 31

Re-search & Sup-port; 9

GTAs; 8

Advising; 14

Other; 1

Total ITF FundedHeadcount = 63 Faculty (Teaching)

14 faculty from CCAS

Total Research & Support 15 faculty from CCAS attributed to research 2 faculty positions attributed to new Institutes 3 positions to support new Institutes 2 positions attributed to technology transfer 4 positions to support High-Performance Computing Research start-up & support for CCAS, SMHS, Milken Institute of Public Health, and SEASAcademic Programs

14 advisors (11 to CCAS, 3 ESIA) & Degree Audit Software 8 Graduate Teaching Assistants in CCAS 1 new Program Director

Phase VIII Innovative Ideas

1. Improve Efficiency of Marketing

2. Furniture Reuse Program

3. Student eBooks

4. Self-Service Parking Garage System

5. Reduced Cost of Travel for Training and Conferences

6. Reduce Food Costs

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Improve Efficiency of Marketing

Reduce marketing spend through more collaborative,

centralized and focused spending.

Page 5

~$500,000 Benefit/Year

Helps create standardization across the institution ● Leverages our scale in rigorous negotiations

Furniture Reuse Program

Reduce spending on office furniture through a reuse

program. Average annual spends to be

reduced in this manner.

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$300,000 Benefit/Year

Creates an accessible institution-wide system for locating usable spare office furniture ● Serves to strengthen the university emphasis on

sustainability

Student eBooks

Implement an e-Book program that would

allow students to download certain class

text material in electronic format.

Benefits accrue directly to students. No

centralized benefit.

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$250,000 Benefit/Year for Students

Lowers the cost of textbook material for students ● Simplifies the process of ordering and retrieving text material ● Enhances the learning

experience through the use of text material on interactive devices

Self-Service Parking Garage System

Add self service payment kiosks to

certain parking garages.

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~$220,000 Benefit/Year

Eliminates cash handling in garages ● Can allow garages to stay open longer ●

Reduce Cost of Travel for Training & Conferences

Reduce travel costs related to training by

increasing the percentage of training

attended locally. Improve iBuy use to

track exceptions; negotiate preferred

rates and online use for professional credential

requirements Page 9

~$200,000 Benefit/Year

● Modest percentage reduction creates large reinvestment benefit

Reduce Food Costs

Reduce food costs through strengthened policy enforcement,

attention to purchase quantities through

preferred vendors with menu and pricing

controls

Page 10

Eliminates waste from over-purchasing

~$200,000 Benefit/Year