Reduce outstanding accounts receivable :: PIP System (SUNY Orange)

Reduce outstanding accounts receivable Print All

Initiative Title	Reduce outstanding accounts receivable
Submitted in Previous Year(s)	2013
Critical Information, Notes, Justification, Rationale	Increase awareness of financial responsibility and payment options to collect tuition and fees, resulting in students' ability to continue College and reach their educational goals. Change current policy to require payment arrangements prior to start of term, which will reduce bad debt.
Consequences of this initiative not being funded	Students do not make satisfactory payment arrangements for current term, preventing them from continuing in future terms. Creates undue anxiety and stress on student.
Department Goals	Reduce outstanding accounts receivable
Programs
Locations	Main Campus, Newburgh Campus
Estimated Completion Date	01/04/2017
Will this initiative span multiple budget years?	Yes
Importance	Medium
Funding Source
Created	12/01/2016 3:07 pm
Updated	12/12/2016 2:20 pm

Institutional Goals

Goal	How will the initiative support this institutional goal?
STRATEGIC PLAN 2015-2020 PRIORITY IV: Efficient and Effective Operations: We will anticipate and adapt to changing economic realities while maintaining the infrastructure and resources necessary to foster innovation and develop & deliver high quality programs and services. a: Maximize existing funding streams and explore alternative revenue opportunities to ensure financial stability.

Action Steps

Action Step	Responsible Party	Order
Collaborate with Student Services to establish firm payment deadlines	Director of Student Accounts	1
Require payment arrangements prior to the start of the term.	Student Accounts, Student Services, Financial Aid	2
Make students and parents aware of important financial deadlines and responsibilities	Student Accounts	3

Expected Outcomes

Outcome	Order

Assessment Methods

Method	Description	Other Method	Responsible Party

Resources

INITIAL YEAR COST:	$0.00
RECURRING COST:	$0.00

Equipment

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Facility

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Supply

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Staffing

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Training

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Marketing

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Other

Need	Cost (Initial/Recurring)	Supporting Departments
TOTAL:	$0.00 / $0.00

Prioritization

This initiative is not ready for prioritization.

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Assessment

Date	Department Name	Status	Cost to Date	Funding Source
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