Metric Chart: Efficiency Savings on Operational Expenses. 2023 Goal: 1.5% Increase Each Year. 2018 fiscal year baseline: $86.9M. 2019 fiscal year progress: $155.9M. 2020 fiscal year progress: $86.4M. 2023 fiscal year goal: $93.6M.
Commissions from revenue-generating contracts were negatively affected by the pandemic.
FSU will diversify and increase operating income by increasing annual commissions from revenue producing contracts and by improving billings and collections on auxiliary accounts.
FSU will build upon its history of efficiency by reducing operating expenses and by optimizing the procurement of goods and services.
FSU will use its improved academic stature to increase both grant funding and cash donations to the university.