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Standard 3: Institutional Resources

The human, financial, technical, physical facilities and other resources necessary to achieve an institutions mission and goals are available and accessible. In the context of the institutions mission, the effective and efficient uses of the institutions resources are analyzed as part of ongoing outcomes assessment.

Fundamental Elements of Institutional Resources

An accredited institution is expected to possess or demonstrate the following attributes or activities:

  • strategies to measure and assess the level of, and efficient utilization of, institutional resources required to support the institutions mission and goals;
  • rational and consistent policies and procedures in place to determine allocation of assets;
  • an allocation approach that ensures adequate faculty, staff, and administration to support the institutions mission and outcomes expectations;
  • a financial planning and budgeting process aligned with the institutions mission, goals, and plan that provides for an annual budget and multi-year budget projections, both institution-wide and among departments; utilizes planning and assessment documents; and addresses resource acquisition and allocation for the institution and any subsidiary, affiliated, or contracted educational organizations as well as for institutional systems as appropriate;
  • a comprehensive infrastructure or facilities master plan and facilities/infrastructure life-cycle management plan, as appropriate to mission, and evidence of implementation;
  • recognition in the comprehensive plan that facilities, such as learning resources fundamental to all educational and research programs and the library, are adequately supported and staffed to accomplish the institutions objectives for student learning, both on campuses and at a distance;
  • an educational and other equipment acquisition and replacement process and plan, including provision for current and future technology, as appropriate to the educational programs and support services, and evidence of implementation;
  • adequate institutional controls to deal with financial, administrative and auxiliary operations, and rational and consistent policies and procedures in place to determine allocation of assets;
  • an annual independent audit confirming financial responsibility, with evidence of follow-up on any concerns cited in the audits accompanying management letter; and
  • periodic assessment of the effective and efficient use of institutional resources.