Major Change

Date

Rationale

Supporting Documentation

Competitively sought a comprehensive banking contract

1997

Financial analysis

Survey results for new student center indicated that an ATM on campus was a major need of students

RFP with supporting documentation (Business Office)

Student survey (Office of the Vice President for Finance and Administration)

Acquired debt to finance capital expenditures

1998

Benchmarking study produced by Price/Waterhouse/Coopers (PWC) indicated low debt, compared to peers

PWC Peer Group Financial Analysis (Office of the Vice President for Finance and Administration)

Purchase of new administrative computing system

1999 (although the need for this was assessed in 1996)

Frameworks and Foundations document

Frameworks and Foundations (Office of the Vice President for Finance and Administration)

Competitively sought a contract for investment consultant

2000 (although the need for this was assessed in 1998)

Financial Analysis

Financial Analysis (Office of the Vice President for Finance and Administration)