Arizona State University has developed a new model for the American Research University, creating an institution that is committed to excellence, access and impact. ASU measures itself by those it includes, not by those it excludes. ASU pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it.
Operational and Financial Review
As part of its constitutional responsibility to ensure that Arizona’s public universities accomplish their public purpose and mission, the Arizona Board of Regents conducts an annual comprehensive review of the operations and finances of each university. Two components of that review are the background report and the business plan.
The background report includes short narratives, several schedules populated by data obtained from the board’s business intelligence database, the financial aid report, other financial data, additional board annual reports and university provided financial projections.
The business plan:
- contains an overview of the university’s operations and financial strategies
- explains what the university intends to achieve, recognizing the current competitive conditions and environment;
- details the major initiatives that will be deployed;
- identifies the personnel and financial resource commitment it will take to achieve those initiatives;