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NEW COLLEGE OF FLORIDA BOARD OF TRUSTEES Meeting Date: March 7, 2015SUBJECT: Performance Based Funding Data Integrity AgreedUpon Procedures Audit and Certification RepresentationsPROPOSED BOARD ACTION Accept
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01
Gather the necessary data and information related to the subject's performance, such as student outcomes, completion rates, employment rates, etc.
02
Determine the specific criteria for evaluating the subject's performance, which may include measures like student success rates, program efficiency, alignment with institutional goals, etc.
03
Analyze the collected data and assess the subject's performance based on the predetermined criteria.
04
Identify the strengths and weaknesses of the subject's performance and determine areas for improvement.
05
Develop an action plan that outlines strategies for enhancing the subject's performance, addressing the identified weaknesses, and maximizing strengths.
06
Implement the action plan by implementing necessary changes, interventions, or initiatives.
07
Continuously monitor and evaluate the subject's performance to measure the effectiveness of the implemented changes and make further adjustments if required.
08
Communicate the subject's performance outcomes and improvement efforts to relevant stakeholders, such as faculty members, administrators, funding agencies, etc.
09
Seek feedback and suggestions from stakeholders to further enhance the subject's performance and funding prospects.
10
Repeat the process periodically to ensure ongoing improvement and alignment with performance-based funding requirements.

Who needs subject performance based funding?

01
Educational institutions or departments that receive funding based on performance metrics.
02
Government agencies or funding bodies that aim to allocate resources efficiently and incentivize performance improvement.
03
Policy-makers and administrators who want to promote accountability and reward high-performing subjects.
04
Students and parents who want to make informed decisions about their educational choices based on subject performance.
05
Employers or industries that rely on subject graduates and want to ensure the quality and relevance of the education received.
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Subject performance based funding is a method of allocating funds to educational institutions based on the outcomes or performance of specific subjects.
Educational institutions receiving funding based on subject performance are required to file subject performance based funding.
To fill out subject performance based funding, educational institutions must report on the performance of specific subjects according to the guidelines provided by the funding agency.
The purpose of subject performance based funding is to incentivize educational institutions to improve the outcomes of specific subjects by tying funding to performance.
Educational institutions must report on the performance metrics, outcomes, and any other relevant information related to the specific subjects for which funding is allocated.
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