Strengthening Financial Analysis at Cincinnati State Technical and Community College
Impact at a Glance
The Problem
Diverse revenue streams support Cincinnati State's offerings and operations. Designated funds or grant funds are frequently received by the college to underwrite student-facing programs linked to specific student outcomes that are expected to improve. The college wanted to strengthen its capacity to assess both the short-term and long-term benefit of distinct investments in student success initiatives. A specific grant-funded project was used to pilot Cincinnati State's use of the Financial Impact Analysis toolkit. Grant funding for the project was sunsetting, and determining the merit of future investment in the program was required.
The Results
Results
- The Power BI data tables and templates available in the Financial Impact Analysis toolkit advanced the college's understanding of improved student outcomes resulting from designated funds invested.
- Outcomes of student success initiatives and the resources required to achieve those specific outcomes can be better assessed and understood.
- Data literacy and people's capacity to use data to tell stories and inform decisions at the college is getting stronger.
“The more specific you can be about the costs and the benefits of an initiative, and the more you can breakdown the details and show the benefits of a program, the more likely you are to make better decisions about what to fund, and how to prioritize funding.”
Chris CalvertFormer CFO and Vice President for Finance
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