Sunday Mid-day Learning Opps

Using Multi-Year Forecasting to Assess Financial Strength & Engage Stakeholders

  • Sunday, July 30
  • 02:00 PM - 03:15 PM
  • Minneapolis Conv Ctr
  • 208C
  • MS


Matthew Gorzkowicz

Associate Vice President for Administration and Finance

University of Massachusetts University Administration

Boston, Massachusetts

Michael Nicolescu

Senior Solutions Consultant

PFM Solutions LLC

Philadelphia, Pennsylvania


Several years ago, a multi-campus university system faced familiar problems: leadership and board questions that couldn’t be easily answered, financial planning that did not easily accommodate changing assumptions, simple projection modeling that did not provide for specific sensitivity analysis, and difficulty ensuring consistency in the projection assumptions and reporting needs. The speakers will explore “moments of enlightenment” that expanded leadership’s understanding of key variables and related volatility and financial risk; identify the major elements of a forecast, from the campus perspective to the institutional point of view at the system level; and review how these elements were knitted together into a comprehensive, robust, and sustainable model.

Learning Objectives

  • Appreciate the value of strategic financial planning, including leveraging a forecast to engage leadership and broaden understanding of risks, opportunities, and long-term financial health.
  • Describe best practices in strategic financial management and the importance of a multi-year forecast.
  • List the elements essential to a multi-year forecast, as well as its limitations.