CMU 2010

DEFINITION - KPI 18

Fiscal integrity was defined using the Composite Financial Index (CFI) as a proprietary measure of financial well-being of an institution (on a scale from 1 to above 10).  It combines four core ratio measures:

  • net income ratio
  • return on net asset
  • primary reserve ratio
  • viability ratio

Interpretation of the score is as follows: 

  • “1” denotes very little financial health and institution is under financial stress;
  • “3” denotes relatively stronger financial position and institution can afford modest program enhancements; and
  • “10” denotes great financial position, but institution should deploy resources to achieve mission. 

CMU’s index increased from 3.6 in FY05 to 4.36 in FY07, indicating that the overall financial health of Central Michigan is increasing.

Additional Clarifications:

  • New Data should be available in Oct./Nov. of each year.