Performance Measure

Agency State Council of Higher Education for Virginia (245) All measures for this agency • Percent of compliance (annually) with the Small Purchase Charge Card (SPCC) program. Maximized compliance with SPCC requirements maximizes the associated cost savings for the Commonwealth. [24511104.005.001] • Number of public institutions of higher education certified by SCHEV as having met all education-related, financial and administrative performance targets as defined in the Higher Education Opportunity Act and the Appropriation Act. [24511104.001.001] • On-time (by November 1) transmission of "cost of education" calculations to the Governor, General Assembly, and public colleges and universities. [24511104.001.002] • Amount of available funds awarded annually to qualified applicants. [24510813.001.001] • Amount of annual private funding to support the program (program receives no state support). [24511009.001.001] • Rate of compliance with the reporting requirements of the federal GEAR UP program. [245.0005] • Amount of annual allocation of state funds for student financial aid. [24510810.001.001] • Amount of annual TAG (Tuition Assistance Grant) appropriation per eligible student [24510810.002.001] • Percent of Council recommendations transmitted to Governor and General Assembly in a timely manner (within three months) following receipt of recommendations from Higher Education Advisory Committee [24511104.001.003] • Average number of working days between receipt and completion of Legislative Action Summaries (LASs) and Fiscal Impact Statements (FISs). [24511104.002.001] • On-time (by November 1) transmission of budget recommendations to the Governor and General Assembly. [24511104.002.002] • Percent of enrollment projections that are accurate. [24511104.003.001] • Percent of vendor invoices paid on or before the "required payment due date" (as defined in Virginia's Prompt Payment Statutes) annually. [24511104.005.003] • Average number of processing days until our formal response to applicants' initial requests for certification to operate in Virginia. [24511105.001.001] • Rate of compliance with the reporting requirements of the federal Improving Teacher Quality State Grant (Title II, No Child Left Behind Act of 2001) program. [24511201.001.001] • Number of economic-opportunity scorecards for non-degree workforce credentials developed. [245.0002] • Percent (level) of overall satisfaction with the agency's annual educational orientation for recent appointees to the governing boards of the public institutions of higher education as reported by attendees. [245.0004] • Percent of institutions' aggregated degree estimates that are accurate. [245.0001] • Number of students who complete their credentials on-time. [245.0003]

Measure Name Percent of institutions' aggregated degree estimates that are accurate.

Measure Last Modified Jun 10 2019 11:47 Measure Last Published Sep 05 2019 09:52 Measure Status Active Data Source and Calculation In consultation with SCHEV, each public institution of higher education develops an estimate of the number of degrees it projects to award in each of the next six years. Each institution also reports to SCHEV annually its actual number of degrees awarded. This measure is calculated as the total number of accurate degree estimates divided by the total number of estimates received for a given year, with 'accurate' defined as an institution's degree-award total being within five percentage points (above or below) of its projected estimate. Enterprise Priorities and Strategies Enterprise Initiative Enterprise Priority Enterprise Strategy Workforce Credentialing Establish annual goals and identify ways to increase statewide credentials that align with employer current and future needs. StandIn X Associated Service Areas SA Code SA Name 11104 Higher Education Coordination and Review StandIn X

Measure ID 245.0001 Measure Class Agency Key Measure Type Outcome Year Type State FY Preferred Trend Stable Frequency Annually Statistical Unit Percentage

Baseline and Targets Target Name Date Result Note Baseline Short Target 2020 06/30/2020 95 Because the preferred trend for this measure is stable performance, the target value is the performance achieved in the year (2015) that the measure was created. Long Target 2022 06/30/2022 95 Because the preferred trend for this measure is stable performance, the target value is the performance achieved in the year (2015) that the measure was created. StandIn X

Measure Results Year Result Explanatory Note 2015 95.00 2016 47.00 Of the 53 percent of institutions' degree-award estimates that were inaccurate, only 12 percent were inaccurate because of an institution's inability to produce at least 95 percent of the number of degree awards it projected. The majority (41 percent) of the inaccuracies were estimates that under-projected the number of degrees produced (i.e., the number of degrees awarded by an institution was more than five percent above its estimate). While having many institutions exceed their estimates is a positive result in terms of the number of degrees awarded, these under-estimates present challenges for state policymakers in planning and funding decisions, which is why this measure is constructed this way. 2017 73.00 Of the 27 percent of institutions' degree-award estimates that were inaccurate, 13.5 percent were inaccurate because of an institution's inability to produce at least 95 percent of the number of degree awards it projected and 13.5 percent were incorrect because the institution under-projected the number of degrees produced (i.e., the number of degrees awarded by an institution was more than five percent above its estimate). While having institutions exceed their estimates is a positive result in terms of the number of degrees awarded, under-estimates present challenges for state policymakers in planning and funding decisions, which is why this measure is constructed this way. 2018 Of the XX percent of institutions' degree-award estimates that were inaccurate, XX percent were inaccurate because of an institution's inability to produce at least 95 percent of the number of degree awards it projected and XX percent were incorrect because the institution under-projected the number of degrees produced (i.e., the number of degrees awarded by an institution was more than five percent above its estimate). While having institutions exceed their estimates is a positive result in terms of the number of degrees awarded, under-estimates present challenges for state policymakers in planning and funding decisions, which is why this measure is constructed this way. 2019 Institutions will report their degree awards for 2018-19 to SCHEV in Fall 2019, and SCHEV will report performance on this measure in Spring 2020. StandIn X

- Run Date: 09/14/2021 12:08:31