Successful implementation of these goals depends largely on responsible financial management and sound business practices. Quincy University must continually operate in a manner that ensures its business operations support and guarantee the success of the Strategic Plan and its mission. Through constant evaluation and improvement, QU aims to create a financial model of efficiency and sustainability while offering competitive salary packages and affordable tuition.

Objectives

• Reduce reliance on tuition discounting and athletic scholarships
• Ensure realistic planning for balanced and surplus budgets
• Provide more competitive employee salaries
• Hold budget managers accountable for achieving financial goals

Implementation Examples

• Target endowed giving to specific scholarships
• Evaluate and assess new revenue streams
• Redevelop employee performance planning and review procedures
• Assess how salaries are determined for new employees
• Review net revenue for possible salary increases as of each December 1
• Increase accessibility to and accountability for financial accounts by budget officers