Strategically Financing Equitable Student Outcomes Using a Practical Budget Reduction Tool
Taking the approaches used yesterday to budget reduction in today’s volatile environment no longer works. Institutions need new strategies that are dynamic, comprehensive, and practical. This session will introduce participants to The Budget Reduction Tool designed to help budget decision-makers take a student-centered approach to implementing a consistent and effective budget reduction strategy that considers streamlining processes in addition to allocating resources effectively. The Budget Reduction Tool helps budget decision-makers assess and make decisions to invest in initiatives and programs that align with strategic initiatives, have the greatest positive impact on student success and creates the least amount of disruption to realizing operational efficiencies.
Session Date/Time: Friday, November 10, 10:00 a.m. – 10:50 a.m. PST
Link to Budget Reduction Tool.
Institutional Speakers:

Ana Karaman, Western Oregon University
Dr. Ana Karaman is an accomplished higher education administrator with broad, deep, and diverse experience and expertise in institutional planning, finance, and operations at both public and private non-for-profit universities. Ana’s expertise and experience include developing multi-year financial plans to support implementation of strategic plans, overseeing annual operating budgets in access of $400M and endowments in access of $300M, working with various budgeting models including RCM, financing institutional needs via various vehicles including bond issuances, PPPs, and other financial facilities. Ana led successful legislative requests, developed and implemented master plans and oversaw delivering diverse major capital projects. In addition, Ana has overseen offices of human resources, public safety, procurement, enterprise risk management, facilities management, and others.
Ana serves as Vice President for Finance & Administration and CFO at Western Oregon University.

Tressa Shavers, SOVA
Tressa is passionate about helping institutions of higher education become more diverse, equitable, inclusive, and efficient deliverers of education. In addition to being a higher education strategist, Tressa is also a diversity, equity, and inclusion (DEI) thought partner and influencer. Tressa helps organizations create long lasting systems and policies that identify and remove barriers that impede student success and institutional effectiveness. Tressa currently serves as a Project Director with Sova helping build capacity for large-scale change in higher education and workforce development.
Tressa has more than 20 years of middle and senior level leadership experience at various types of higher education, private industry, and non-profit institutions. Prior to joining Sova, Tressa served in various capacities including, Senior Consultant at Anderson Blake Consulting; Vice Provost at Strayer University; Vice President for Administration and Director of Institutional Research at Arkansas Baptist College; Campus College Chair for Graduate Business Programs at the University of Phoenix, Vice President of CFA International, and President of Detroit BAEO.
Tressa earned a Bachelor of Arts (BA) in Political Theory & Constitutional Democracy and a Master of Arts (MA) in Higher Educational Administration from Michigan State University. She also earned a Master of Business Administration (MBA) and a Doctor of Management (DM) in Organizational Leadership from the University of Phoenix.