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| budgets and financial management in higher education: Budgets and Financial Management in Higher Education Margaret J. Barr, George S. McClellan, 2010-12-07 Budgets and Financial Management in Higher Education This thoroughly updated and expanded edition of the classic resource The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management will help administrators become more proficient in their financial management roles. Grounded in the latest knowledge and filled with illustrative examples from diverse institutions, as well as helpful reflection questions, the book's guidance can be put to immediate use. In addition, the authors suggest ways of avoiding common pitfalls and address what to do when faced with budget fluctuations and changing fiscal environments. This book is vitally important for understanding the complex financial underpinnings of higher education. Could there be a more critical time for administrators to add to their knowledge in this area? I don't think so. EUGENE S. SUNSHINE, senior vice president for business and finance, Northwestern University The authors have produced an easily readable and valuable resource for board members, administrators, students, faculty, or anyone interested in knowing about budgeting and the budgeting process. Their treatment of the subject is thorough and complete. LARRY H. DIETZ, vice chancellor for student affairs, Southern Illinois University, Carbondale This is the best 'nitty-gritty-how-to' book on university budgeting that I have found. My graduate students at both the master's and doctoral levels have found it to be a comprehensive, insightful, and useful tool in their graduate studies. LINDA KUK, program chair, Higher Education Graduate Programs, and associate professor of education, Colorado State University |
| budgets and financial management in higher education: Budgets and Financial Management in Higher Education Margaret J. Barr, George S. McClellan, 2017-12-21 This book will help new administrators (department chairs, directors, deans) understand and become more proficient in their financial management role within the institution. Highly accessible, practitioners will be able to put the book's guidance to immediate use in their work. It is also grounded in the latest knowledge base and filled with examples from across all types of institutions, so that it makes an ideal text for a courses in graduate programs in higher education leadership and administration. Specifically, the book: • provides an understanding of the basics of budgeting and fiscal management in higher education • defines the elements of a budget, the budget cycle, and the steps for creating a budget • suggests ways of avoiding common pitfalls and problems of managing budgets • contains effective strategies for dealing with loss of resources • includes end-of-chapter reflection questions and an expanded glossary of terms Written in plain language this volume provides practical approaches to many complex problems in fiscal management. This new edition of the book contains new information in every chapter reflecting both the most recent developments in higher education and feedback from readers of the earlier edition. The information on the current higher education financial environment has been updated, and the case studies have been revised. Readers will be introduced to Bowen's theory of resources and expenses as an important way to understand budgetary decision making in colleges and universities. Special attention is paid to the use of restricted funds, the budget implications of faculty appointments and the challenges caused by personnel policies for staff. In addition, greater attention is given to development and implementation of repair and replacement programs in auxiliary enterprises. The challenges that arise when budget problems are postponed are also discussed. The volume contains a number of suggestions for practitioners with new budgeting and fiscal responsibilities. |
| budgets and financial management in higher education: Budgets and Financial Management in Higher Education Margaret J. Barr, George S. McClellan, 2018-01-31 This book will help new administrators (department chairs, directors, deans) understand and become more proficient in their financial management role within the institution. Highly accessible, practitioners will be able to put the book's guidance to immediate use in their work. It is also grounded in the latest knowledge base and filled with examples from across all types of institutions, so that it makes an ideal text for a courses in graduate programs in higher education leadership and administration. Specifically, the book: • provides an understanding of the basics of budgeting and fiscal management in higher education • defines the elements of a budget, the budget cycle, and the steps for creating a budget • suggests ways of avoiding common pitfalls and problems of managing budgets • contains effective strategies for dealing with loss of resources • includes end-of-chapter reflection questions and an expanded glossary of terms Written in plain language this volume provides practical approaches to many complex problems in fiscal management. This new edition of the book contains new information in every chapter reflecting both the most recent developments in higher education and feedback from readers of the earlier edition. The information on the current higher education financial environment has been updated, and the case studies have been revised. Readers will be introduced to Bowen's theory of resources and expenses as an important way to understand budgetary decision making in colleges and universities. Special attention is paid to the use of restricted funds, the budget implications of faculty appointments and the challenges caused by personnel policies for staff. In addition, greater attention is given to development and implementation of repair and replacement programs in auxiliary enterprises. The challenges that arise when budget problems are postponed are also discussed. The volume contains a number of suggestions for practitioners with new budgeting and fiscal responsibilities. |
| budgets and financial management in higher education: Budgets and Financial Management in Higher Education Margaret J. Barr, George S. McClellan, 2011-01-11 Budgets and Financial Management in Higher Education This thoroughly updated and expanded edition of the classic resource The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management will help administrators become more proficient in their financial management roles. Grounded in the latest knowledge and filled with illustrative examples from diverse institutions, as well as helpful reflection questions, the book's guidance can be put to immediate use. In addition, the authors suggest ways of avoiding common pitfalls and address what to do when faced with budget fluctuations and changing fiscal environments. This book is vitally important for understanding the complex financial underpinnings of higher education. Could there be a more critical time for administrators to add to their knowledge in this area? I don't think so. —EUGENE S. SUNSHINE, senior vice president for business and finance, Northwestern University The authors have produced an easily readable and valuable resource for board members, administrators, students, faculty, or anyone interested in knowing about budgeting and the budgeting process. Their treatment of the subject is thorough and complete. —LARRY H. DIETZ, vice chancellor for student affairs, Southern Illinois University, Carbondale This is the best 'nitty-gritty-how-to' book on university budgeting that I have found. My graduate students at both the master's and doctoral levels have found it to be a comprehensive, insightful, and useful tool in their graduate studies. —LINDA KUK, program chair, Higher Education Graduate Programs, and associate professor of education, Colorado State University |
| budgets and financial management in higher education: College & University Budgeting Richard J. Meisinger, Leroy W. Dubeck, 1984 A budgeting handbook for academic administrators and faculty is presented. Economic and political influences on budgeting are considered, along with sources of funds for public and private colleges, and the chronology of the budget process. Multiyear summaries of the budget process in different types of colleges are included. Some major policy issues facing public colleges and state officials are identified, and the use of analytical tools and financial reporting to alter budget outcomes is addressed. A hypothetical college is used to introduce fund accounting, and six budgeting approaches are summarized. Additional topics include: how participants can influence the budget process, the relationship of the capital budget to the annual operating budget, sources of flexibility in the budget process, budget planning for reallocation and retrenchment, policy issues for endowment management, cost analysis procedures, the instructional workload matrix, enrollment forecasting, the nature of indirect costs associated with sponsored programs, and a range of mathematical models used in budgeting. Appendices include strategies for increasing revenue and decreasing expenditures, and documents of the American Association of University Professors and the National Association of College and University Business Officers. (SW) |
| budgets and financial management in higher education: University Finances Dean O. Smith, 2019-03-05 An essential and comprehensive guide to university finances. In University Finances, higher education expert Dean O. Smith • demystifies basic accounting procedures, budgets, debt financing, and financial statements • explores more unusual financial topics, such as methods for calculating fringe benefit rates, bond refunding costs, and indirect cost allocations • shows that the use of university wealth is highly restricted by donors, bondholders, government regulators, and others • answers nuanced questions, like How are USDA formula funds calculated? and Why does the university pursue more and more research funding when it loses money on every grant? • illustrates financial calculations using realistic examples Some of these explanations are unavailable in print or online to anyone but a handful of professional accountants. Rigorous, detailed, and wide-ranging, University Finances is a unique and powerful resource. |
| budgets and financial management in higher education: Higher Education, Fiscal Administration, and Budgeting Gabriel R. Serna, Spencer C. Weiler, 2016-08-09 This book takes an applied approach to budgeting and fiscal administration in higher education. It presents new and aspiring leaders in higher education and student affairs with the fundamental knowledge and skills to supervise, analyze, and implement budgets that make the best and most effective use of limited resources. By exploring the foundational elements of fiscal administration and outlining the process step-by-step, this text carefully takes leaders through real-world examples and includes myriad opportunities for application. Indeed, a major goal of this text is to provide readers with a set of technical skills that can be applied across a range of contexts. Our expectation is that current and future higher education and student affairs leaders will find this text invaluable in their day-to-day work and that the material presented here will help them engage in fruitful decisions around the allocation of scare resources. |
| budgets and financial management in higher education: Student Affairs Budgeting and Financial Management in the Midst of Fiscal Crisis Lori E. Varlotta, Barbara C. Jones, 2011-10-13 This volume is designed to help senior student affairs officers navigate through uncertain economic times. After a broad review of budget models and the leadership potential of the senior officer, we look at the role of student affairs officers in difficult budgeting decisions from several perspectives--from small, private colleges to the experiences of twelve senior student affairs officers at public universities. One chapter describes general revenue-generating and cost-saving strategies that student affairs divisions may consider during cutbacks; another focuses on key aspects of developing a comprehensive communication strategy: a third presents a case study of a single institution through the eyes of the vice president for student affairs. This volume ends with a summary survey of the authors' observations, conclusions, and advice. This is the 129th volume of the Jossey-Bass higher education quarterly report series New Directions for Student Services. An indispensable resource for vice presidents of student affairs, deans of students, student counselors, and other student services professionals, New Directions for Student Services offers guidelines and programs for aiding students in their total development: emotional, social, physical, and intellectual. |
| budgets and financial management in higher education: Financing American Higher Education in the Era of Globalization William Zumeta, David W. Breneman, Patrick M. Callan, Joni E. Finney, 2021-02-23 This ambitious book grows out of the realization that a convergence of economic, demographic, and political forces in the early twenty-first century requires a fundamental reexamination of the financing of American higher education. The authors identify and address basic issues and trends that cut across the sectors of higher education, focusing on such questions as how much higher education the country needs for individual opportunity and for economic viability in the future; how responsibility for paying for it is currently allocated; and how financing higher education should be addressed in the future. |
| budgets and financial management in higher education: How University Budgets Work Dean O. Smith, 2019-11-19 An accessible handbook for anyone who needs to understand a university budget—perfect for the non-finance higher ed professional. To understand how universities function, it is critical to understand how their budgets work. In this useful volume, Dean O. Smith provides a concise explanation of university budgets—why they're important, how they are prepared, what information they provide, and how they are monitored. Translating technical jargon into layman's terms, How University Budgets Work emphasizes practical matters and best practices. Writing for a non-specialist audience, Smith covers major aspects of university budgets ranging from their preparation and alignment with strategic plans to their implementation at the departmental level. Offering time-tested advice from his many years in higher administration, he also touches on • expenditure monitoring • projections • allocations • revenue • incentives • financial reserves • end-of-year accounting The companion book to the more rigorous University Finances, also by Smith, How University Budgets Work is a unique introductory guide for the extended academic community. Ultimately, this logical, accessible book provides a working knowledge of how university budgets are produced and implemented, one that enables faculty members and administrators to become more effective in their roles within the university. |
| budgets and financial management in higher education: The Basics of Public Budgeting and Financial Management Charles E. Menifield, 2013-08-16 The Basics of Public Budgeting and Financial Management brings budgetary theory and practice together, filling the void between the two that has existed in the field of budgeting and public finance. This book bridges the gap by providing the reader with applications and exercises that reinforce budgetary theory. Students are given the opportunity to learn various concepts and skills necessary to succeed in the field and the exercises provided in each chapter require application of what is learned. Specifically, students will be exposed to basic budget and finance concepts, public revenue, financial management, risk assessment, cost benefit analysis, and so on. This handbook also provides great tools that allow the user to visually display budgets and other analysis. Students will gain the solid foundation needed to begin work in a budget office. Features of this second edition include enhanced data and optional in-class assignments. For ancillary materials, please contact the author at menifieldc@missouri.edu. |
| budgets and financial management in higher education: Financial Management in Academic Libraries Robert E. Dugan, Peter Hernon, 2018 Financial Management in Academic Libraries explores the connection between financial management and accountability, effectiveness, efficiency, and sustainability, and demonstrates how to capture them in a realistic, data-supported budget. Among the different units of an academic institution, the library has an advantage in that its managers can link these concepts to the library's infrastructure, its staffing, collections, services, and technology. Focusing on these components can enable everyone in the library to work to achieve organizational sustainability over time and advocate for their place in the institution--Provided by Amazon.com. |
| budgets and financial management in higher education: A Guide to College & University Budgeting Larry Goldstein, 2012 Rev. ed. of: College & university budgeting, 2005. |
| budgets and financial management in higher education: What's Happening to Public Higher Education? Ronald G. Ehrenberg, 2008-01-02 State preferences for higher education spending : a panel data analysis, 1977-2001 / Michael J. Rizzo -- Do tenured and tenure-track faculty matter? / Ronald G. Ehrenberg and Liang Zhang -- The increasing use of adjunct instructors at public institutions : Are we hurting students? / Eric P. Bettinger and Bridget Terry Long -- The effect of institutional funding cuts on baccalaureate graduation rates in public higher education / Gary L. Blose, John D. Porter, and Edward C. Kokkelenberg -- The effects of a changing financial context on the University of California / Gerald R. Kissler and Ellen Switkes -- Assessing public higher education in Georgia at the start of the twenty-first century / Christopher Cornwell and David B. Mustard -- Changing priorities and the evolution of public higher education finance in Illinois / F. King Alexander and Daniel Layzell -- Michigan public higher education : recent trends and policy considerations for the coming decade / Stephen L. DesJardins, Allison Bell, and Iria Puyosa -- North Carolina's commitment to higher education : access and affordability / Betsy E. Brown and Robert L. Clark -- State support for public higher education in Pennsylvania / Donald E. Heller -- The changing accessibility, affordability, and quality of higher education in Texas / Lisa M. Dickson -- Higher tuition, higher aid, and the quest to improve opportunities for low-income students : the case of Virginia / Sarah Turner -- Public higher education in Washington State : aspirations are misaligned with fiscal structure and politics / William Zumeta -- Consequences of a legacy of state disinvestment : plunging state support reduces access and threatens quality at University of Wisconsin system institutions / David W. Olien -- Why we won't see any public universities going private / John D. Wiley -- Concluding remarks / F. King Alexander. |
| budgets and financial management in higher education: Financial Strategy for Higher Education Michael K. Townsley, PhD, 2014-09-30 Economic forces continue to reshape higher education, and the leaders of colleges and universities are not getting the guidance they need to achieve their financial goals. Michael K. Townsley, PhD, a seasoned higher education executive, shares proven principles, strategies, and techniques to manage the increasing pace of change in higher education in this field guide. Based on case studies, his own experiences, and insights from other experts, he provides strategic guidance on how to: effectively manage finances, allocate financial resources, design sophisticated budget forecasts, set tuition rates in competitive markets, control operational costs, and run online programs. With clearly ordered lists, logically sequenced plans for action, and cogently presented summaries, Financial Strategy for Higher Education offers a vital reference for anyone who managing the financial condition of colleges and universities during financial stress. |
| budgets and financial management in higher education: Managing Finance and Resources in Education Marianne Coleman, Lesley Anderson, 2000-04-14 `The book provides an excellent wide and stimulating set of readings and would be useful to anyone taking forward Unit 3 or the Accelerated Route of SQH′ - SQH Newsletter `This is a useful addition to the literature on finance and resource management in education.... Those whose work involves managing resources and finance in schools and colleges will find this a useful or even indispensable addition to their bookshelves, whether they are heads, principals or middle managers′ - Mentoring and Tutoring This book will provide readers with knowledge and understanding of the theory and practice of managing finance, resources and stakeholders in schools and colleges. Written specifically for those studying for an academic qualification at Masters level in educational management, it provides self-study material and links to other key texts in the field. The authors deal with the links between finance, resources and stakeholders in the context of school and college self-management. Examples are drawn from international settings as well as from the United Kingdom. Building on an examination of theoretical perspectives, practical considerations and applications are examined in a format which encourages the reader to explore the context of their own educational institution. This book is a core text for the University of Leicester MBA in Educational Management. |
| budgets and financial management in higher education: International Experience in Developing the Financial Resources of Universities Abdulrahman Obaid AI-Youbi, Adnan Hamza Mohammad Zahed, Abdullah Atalar, 2021-10-04 This open access book aims to present the experiences and visions of several world university leaders, providing strategies and methods used to find various income sources for their institutions. The expansion of a university system requires a corresponding increase in funding. Consequently, university administrators all over the world are in a constant search for additional funds. If higher-level institutions are expected to deliver high-quality education and research, their sustainable funding is crucial to the development of the countries they serve. While governmental sources are a major part of the funding of most universities, economic downturns as in the case of the COVID-19 crisis may reduce governmental contributions in this and cause administrators to look for various alternative sources to help them compete in a global setting. This book offers valuable information and guidance to university leaders and administrators worldwide especially at a time when university budgets are under stress due to the COVID-19 pandemic with its dire financial and economic consequences. |
| budgets and financial management in higher education: Budgeting and Financial Management for Nonprofit Organizations Lynne A. Weikart, Greg G. Chen, 2021-08-30 A nonprofit’s mission cannot be achieved unless there are resources available to fund it—without a sound financial strategy, a nonprofit cannot thrive. By creating stable financial foundations for their nonprofits, managers take advantage of the nonprofit sector’s size and scope, realize all of the sources and distribution of revenues, and effectively develop fiscal risk assessment methods and apply strategies to mitigate risk. Nonprofit managers must comprehend and efficiently use the financial tools available to them to develop financial policies that will help them to succeed in many types of economies. The Second Edition presents financial concepts in a straightforward format grounded in real examples that are readily accessible to students from any background. The authors provide the groundwork for solid accounting principles and ethical guidelines, define and set standards for internal controls and audits, and explain the ingredients used to measure program performance. Today’s nonprofits must also be aware of the growing scope of the fourth sector of social enterprise, which can inspire nonprofits to be flexible, creative, and innovative in achieving their missions. |
| budgets and financial management in higher education: Economics of Higher Education Robert K. Toutkoushian, Michael B. Paulsen, 2016-03-18 This book examines the many ways in which economic concepts, theories and models can be used to examine issues in higher education. The topics explored in the book include how students make college-going decisions, the payoffs to students and society from going to college, markets for higher education services, demand and supply in markets for higher education, why and how state and federal governments intervene in higher education markets, college and university revenues and expenditures, how institutions use net-pricing strategies and non-price product-differentiation strategies to pursue their goals and to compete in higher education markets, as well as issues related to faculty labor markets. The book is written for both economists and non-economists who study higher education issues and provides readers with background information and thorough explanations and illustrations of key economic concepts. In addition to reviewing the contributions economists have made to the study of higher education, it also examines recent research in each of the major topical areas. The book is policy-focused and each chapter analyses how contemporary higher education policies affect the behaviour of students, faculty and/or institutions of higher education. Toutkoushian and Paulsen attempted a daunting task: to write a book on the economics of higher education for non-economists that is also useful to economists. A book that could be used for reference and as a textbook for higher education classes in economics, finance, and policy. They accomplish this tough balancing act with stunning success in a large volume that will serve as the go-to place for anyone interested in the history and current thinking on the economics of higher education.” William E. Becker, Jr., Professor Emeritus of Economics, Indiana University |
| budgets and financial management in higher education: Like Nobody's Business Andrew C. Comrie, 2021-02-23 How do university finances really work? From flagship public research universities to small, private liberal arts colleges, there are few aspects of these institutions associated with more confusion, myths or lack of understanding than how they fund themselves and function in the business of higher education. Using simple, approachable explanations supported by clear illustrations, this book takes the reader on an engaging and enlightening tour of how the money flows. How does the university really pay for itself? Why do tuition and fees rise so fast? Why do universities lose money on research? Do most donations go to athletics? Grounded in hard data, original analyses, and the practical experience of a seasoned administrator, this book provides refreshingly clear answers and comprehensive insights for anyone on or off campus who is interested in the business of the university: how it earns its money, how it spends it, and how it all works. |
| budgets and financial management in higher education: Financial Management and Control in Higher Education Malcolm Prowle, Eric Morgan, 2005 This book explains the key issues in finance and management in higher education and provides practical guidance. It is a professional handbook, authoritative and comprehensive enough for accountants yet written in an engaging and accessible style that will be understood by professionals who do not have a background in finance.Full of tried and tested case material, examples and useful illustrations, this book considers the latest developments and covers all levels of financial management from the structure of the management of institutions right down to the course level and managing budgets.Financial Management and Control in Higher Education is an invaluable guide for anyone in higher education with a level of financial responsibility, and will be a source of advice that is referred back to again and again. |
| budgets and financial management in higher education: Higher Education Finance Research Mary P. McKeown-Moak, Christopher M. Mullin, 2014 A volume in Conducting Research in Education Finance: Methods, Measurement, and Policy Perspectives Series Editors David C. Thompson, Kansas State University and Faith E. Crampton, University Wisconsin-Milwaukee There is a void in the literature on how to conduct research in the finance and economics of higher education. Students, professors, and practitioners have no concise document that examines the field, provides history, definitions of terms, sources of data, and research methods. Higher Education Finance Research: Policy, Politics, and Practice fills that void. The book is structured in four parts. The first section provides a brief history and description of the general organization of American higher education, the sources and uses of funds over the last 100 years, and who is served in what types of institutions. Definitions of terms that are unique to higher education are provided, and some basic rules for conducting research on the economics and finance of higher education are established. Although in some ways, conducting research in higher education funding is similar to that for elementary/secondary education, there are some important distinctions that also are provided. The second section introduces guiding philosophies, sources of data, data elements/vocabulary, metrics, and analytics related to institutional revenues and expenditures. Chapters in this section focus on student oriented revenues, institutionally-oriented revenues, and funding formulas. The third section introduces accountability-related concepts by first examining the accountability movement in higher education and performance-based approaches applied in budgeting and funding, then looking at methods to determine public and private returns on investment in postsecondary education, and closing with an examination of finance from the perspective of the primary consumer: students. The fourth and last section of the book focuses on presenting postsecondary finance research to policy audiences to assist in connecting academic research and policy making. Chapters focus on accounting for time considerations in analysis, the placing of data in context to make the data and findings relevant, and ways to effectively communicate findings to various policy-making audiences. |
| budgets and financial management in higher education: Handbook of Operations Research and Management Science in Higher Education Zilla Sinuany-Stern, 2021-09-09 This handbook covers various areas of Higher Education (HE) in which operations research/management science (OR/MS) techniques are used. Key examples include: international comparisons, university rankings, and rating academic efficiency with Data Envelopment Analysis (DEA); formulating academic strategy with balanced scorecard; budgeting and planning with linear and quadratic models; student forecasting; E-learning evaluation; faculty evaluation with questionnaires and multivariate statistics; marketing for HE; analytic and educational simulation; academic information systems; technology transfer with systems analysis; and examination timetabling. Overviews, case studies and findings on advanced OR/MS applications in various functional areas of HE are included. |
| budgets and financial management in higher education: Budgeting and Budgetary Institutions Anwar Shah, 2007 Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems. |
| budgets and financial management in higher education: The European Higher Education Area Adrian Curaj, Liviu Matei, Remus Pricopie, Jamil Salmi, Peter Scott, 2015-10-12 Bridging the gap between higher education research and policy making was always a challenge, but the recent calls for more evidence-based policies have opened a window of unprecedented opportunity for researchers to bring more contributions to shaping the future of the European Higher Education Area (EHEA). Encouraged by the success of the 2011 first edition, Romania and Armenia have organised a 2nd edition of the Future of Higher Education – Bologna Process Researchers’ Conference (FOHE-BPRC) in November 2014, with the support of the Italian Presidency of the European Union and as part of the official EHEA agenda. Reuniting over 170 researchers from more than 30 countries, the event was a forum to debate the trends and challenges faced by higher education today and look at the future of European cooperation in higher education. The research volumes offer unique insights regarding the state of affairs of European higher education and research, as well as forward-looking policy proposals. More than 50 articles focus on essential themes in higher education: Internationalization of higher education; Financing and governance; Excellence and the diversification of missions; Teaching, learning and student engagement; Equity and the social dimension of higher education; Education, research and innovation; Quality assurance, The impacts of the Bologna Process on the EHEA and beyond and Evidence-based policies in higher education. The Bologna process was launched at a time of great optimism about the future of the European project – to which, of course, the reform of higher education across the continent has made a major contribution. Today, for the present, that optimism has faded as economic troubles have accumulated in the Euro-zone, political tensions have been increased on issues such as immigration and armed conflict has broken out in Ukraine. There is clearly a risk that, against this troubled background, the Bologna process itself may falter. There are already signs that it has been downgraded in some countries with evidence of political withdrawal. All the more reason for the voice of higher education researchers to be heard. Since the first conference they have established themselves as powerful stakeholders in the development of the EHEA, who are helping to maintain the momentum of the Bologna process. Their pivotal role has been strengthened by the second Bucharest conference. Peter Scott, Institute of Education, London (General Rapporteur of the FOHE-BPRC first edition) |
| budgets and financial management in higher education: Resource Management for Colleges and Universities William F. Massy, 2020-06-09 How comprehensive activity-based models can help university leaders and faculty reshape their institutions through better resource management. Resources in higher education steer colleges and universities both strategically and tactically. They drive incentives and accountability for faculty and staff while providing academics with the infrastructure they need in order to perform effectively. But while American colleges and universities remain the gold standard for worldwide higher education, Resource Management for Colleges and Universities argues that their decision-making cultures and business models are beset by serious flaws. In this audacious book, William F. Massy writes that resource allocation in colleges and universities needs to become more responsive to academic mission, marketplace realities, and the requirements of financial sustainability. Such improvement is needed, he asserts, because few institutions currently have the evidence, know-how, and cultural capacity to take advantage of modern information systems and models. Luckily, today's academic resourcing models enable academic leaders and faculty to close the gaps and do a significantly better job of controlling costs and improving academic performance. Massy describes three kinds of contemporary, comprehensive AR models: internal economic, external economic, and mission-market-margin. He explains how these models, if used correctly, support mission-critical academic decisions and reveals why they are game-changers for college and university management. Describing how real universities are using these models to understand their teaching and research revenues and costs and to predict changes needed in budget planning, Massy also provides numerous insights about how academic organizations function and how they can be induced to adopt needed changes. Building on Reengineering the University, Massy's earlier book, Resource Management for Colleges and Universities will provide readers with the wherewithal, and the motivation, to fundamentally transform their institutions. |
| budgets and financial management in higher education: The Business of Student Affairs Larry Moneta, 2021-08-30 This book is as a primer on the business-related aspects of student affairs that practitioners should understand. The author discusses a variety of skill sets to equip student affairs practitioners-educators with the means to analyze circumstances, alter environments, invest in structures and programs, and lead campus progress. |
| budgets and financial management in higher education: Responsibility Center Budgeting Edward Whalen, 1991-12-22 This book is refreshing in many ways. . . . it calls attention to a most important and timely topic . . . in a conversational and witty manner . . . Considering the subject, this is a most pleasant read. —Journal of Higher Education Notoriously unbusinesslike in their budgeting and management techniques, colleges and universities need a rational tool for sound fiscal management. This book, based on Indiana University's shift to responsibility center budgeting in 1987, treats both the conceptual and the philosophical bases for the system together with ground-level experience. The bottom line: a decentralized, incentive-based approach to budgeting empowers deans and other center managers to accomplish their missions in a more efficient manner. |
| budgets and financial management in higher education: Financial Accounting for Local and State School Systems , 1981 |
| budgets and financial management in higher education: Financing Public Universities Marcel Herbst, 2007-05-16 This crucial book addresses newer practices of resource allocation which tie university funding to indicators of performance. It covers the evolvement of mass higher education and the associated curtailment of funding, the public management reform debate within which performance-based budgeting or funding evolved, and sketches alternative governance and management modes which can be used instead. Four appendices cover more technical matters. |
| budgets and financial management in higher education: Guidelines for Public Expenditure Management Mr.Jack Diamond, Mr.Barry H. Potter, 1999-07-01 Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management. |
| budgets and financial management in higher education: Responsibility Center Management Jon C. Strauss, John R. Curry, 2002 |
| budgets and financial management in higher education: Lecture Notes In Public Budgeting And Financial Management William Duncombe, 2018-06-19 This lecture notes provides an overview of budgeting and financial management in the public and non-profit sectors. Fundamental concepts and practices of budgeting, financial management and public finance are introduced, with special emphasis on state and local government budgeting and financial management in the United States. The objectives of courses in Public Budgeting and this title are to teach the basic concepts and nomenclature of public finance, to develop an understanding of budget processes as well as the sources and uses of public revenues, and to make relatively simple, but useful computations in an intelligent way. Key course learning outcomes include the abilities to: There are no indispensable pre-requisites by the reader, and it has been designed for students from a wide variety of backgrounds and undergraduate majors. Although this works well as an introductory text to a broader public administration curriculum, it also can make sense for students to take after some more basic courses in economics, policy analysis, and public organizations. Issues of tax incidence and the effect of taxes on economic efficiency can be covered in greater depth. |
| budgets and financial management in higher education: Fall Enrollment in Colleges and Universities , 1982 |
| budgets and financial management in higher education: College Success Amy Baldwin, 2020-03 |
| budgets and financial management in higher education: Mission and Money Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch, 2008-09-08 Mission and Money goes beyond the common focus on elite universities and examines the entire higher education industry, including the rapidly growing for-profit schools. The sector includes research universities, four-year colleges, two-year schools, and non-degree-granting career academies. Many institutions pursue mission-related activities that are often unprofitable and engage in profitable revenue raising activities to finance them. This book contains a good deal of original research on schools' revenue sources from tuition, donations, research, patents, endowments, and other activities. It considers lobbying, distance education, and the world market, as well as advertising, branding, and reputation. The pursuit of revenue, while essential to achieve the mission of higher learning, is sometimes in conflict with that mission itself. The tension between mission and money is also highlighted in the chapter on the profitability of intercollegiate athletics. The concluding chapter investigates implications of the analysis for public policy. |
| budgets and financial management in higher education: Financial Counseling Dorothy B. Durband, Ryan H. Law, Angela K. Mazzolini, 2018-10-16 This text is a valuable new resource that we recommend for all of our professionals and are proud to incorporate as part of our AFC® certification program. With expertise representing the breadth and depth of the financial counseling profession, the content in this text provides you with a rigorous foundation of knowledge, considers critical theoretical models, and explores foundational skills of communication, self-awareness, and bias. This type of comprehensive approach aligns with our mission and vision—providing you with the foundational knowledge to meet clients where they are across the financial life-cycle and impact long-term financial capability. -Rebecca Wiggins, Executive Director, AFCPE® (Association for Financial Counseling and Planning Education®) This timely volume presents a comprehensive overview of financial counseling skills in accessible, practical detail for readers throughout the career span. Expert financial counselors, educators, and researchers refer to classic and current theories for up-to-date instruction on building long-term client competence, working with clients of diverse backgrounds, addressing problem financial behavior, and approaching sensitive topics. From these core components, readers have a choice of integrated frameworks for guiding clients in critical areas of financial decision-making. This essential work: · Offers an introduction to financial counseling as a practice and profession · Discusses the challenges of working in financial counseling · Explores the elements of the client/counselor relationship · Compares delivery systems and practice models · Features effective tools and resources used in financial counseling · Encourages counselor ethics, preparedness, and self-awareness A standout in professional development references, Financial Counseling equips students and new professionals to better understand this demanding field, and offers seasoned veterans a robust refresher course in current best practices. |
| budgets and financial management in higher education: The Pig Book Citizens Against Government Waste, 2013-09-17 The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king! |
| budgets and financial management in higher education: School District Budgeting William T. Hartman, 2003-05-19 A unique resource for both academics and practitioners, School District Budgeting provides a comprehensive look at the resource allocation process, from developing planning guidelines to reporting the results of financial operations. An all-inclusive guide, the book provides theoretical and practical treatments of the entire budget process. |
| budgets and financial management in higher education: Public Sector Financial Management Andreas Bergmann, 2010-02-02 Taking a fully integrated approach, the book is fully in-line with the most recent developments in the public sector environment. It draws together accounting theory and practice for each of the main areas of accounting, providing contemporary examples from a range of public sector experience which are woven into the text to illustrate the issues involved. |
Free budget templates | Microsoft Create
By visualizing your expenses and financial goals, you'll be able to see exactly where your money goes. Browse budget templates made for a range of uses, from regular monthly budgets to …
How to Budget Money: A Step-By-Step Guide - NerdWallet
Apr 11, 2025 · Whether your income is steady or varies from month to month, a budget helps you organize your expenses, savings goals and other financial obligations into a manageable …
What Is a Budget? Plus 11 Budgeting Myths Holding You Back
May 7, 2025 · Budgeting involves estimating financial activity over a specified future period of time. Budgets are usually established and re-evaluated on a periodic basis.
Making a Budget - consumer.gov
Start to make a budget by gathering your bills and pay stubs. Use this Budget Worksheet to help you. When you have your bills and pay stubs: Step 1: Make a list of your bills and other …
How to Make a Budget: 5 Simple Steps - Ramsey
Mar 11, 2025 · Budgeting is how you make it happen! Because when you tell your money where to go—instead of wondering where it went— you’re the one in control. And guess what? …
How To Budget In 7 Simple Steps – Forbes Advisor
Mar 5, 2020 · Thankfully, despite reports to the contrary, starting a budget from scratch doesn’t have to be painful or difficult. Here’s how you can create a straightforward and simple budget …
What Is a Budget? Definition & Example - WalletHub
May 19, 2025 · Creating a Budget: To build your budget, first gather information on your income and expenses. Then, set goals, choose budgeting tools, prioritize your expenses, and allocate …
Home - Budget Bytes
Easy and delicious recipes designed for small budgets. Delicious chicken recipes, easy pasta recipes, cozy comfort foods, vegetarian recipes and more.
How To Make A Monthly Budget In 5 Simple Steps | Bankrate
Feb 3, 2025 · What is a monthly budget? A budget is a financial plan that helps you manage your finances, so you know exactly how much you are earning, spending and saving. Having a …
How to Budget in 2025 - Business Insider
Dec 4, 2024 · There are several strategies for budgeting. Each has its own unique pros and cons. Checking in on your budget, adjusting it, and analyzing your spending habits regularly is …
Free budget templates | Microsoft Create
By visualizing your expenses and financial goals, you'll be able to see exactly where your money goes. Browse budget templates made for a range of uses, from regular monthly budgets to …
How to Budget Money: A Step-By-Step Guide - NerdWallet
Apr 11, 2025 · Whether your income is steady or varies from month to month, a budget helps you organize your expenses, savings goals and other financial obligations into a manageable …
What Is a Budget? Plus 11 Budgeting Myths Holding You Back
May 7, 2025 · Budgeting involves estimating financial activity over a specified future period of time. Budgets are usually established and re-evaluated on a periodic basis.
Making a Budget - consumer.gov
Start to make a budget by gathering your bills and pay stubs. Use this Budget Worksheet to help you. When you have your bills and pay stubs: Step 1: Make a list of your bills and other …
How to Make a Budget: 5 Simple Steps - Ramsey
Mar 11, 2025 · Budgeting is how you make it happen! Because when you tell your money where to go—instead of wondering where it went— you’re the one in control. And guess what? …
How To Budget In 7 Simple Steps – Forbes Advisor
Mar 5, 2020 · Thankfully, despite reports to the contrary, starting a budget from scratch doesn’t have to be painful or difficult. Here’s how you can create a straightforward and simple budget …
What Is a Budget? Definition & Example - WalletHub
May 19, 2025 · Creating a Budget: To build your budget, first gather information on your income and expenses. Then, set goals, choose budgeting tools, prioritize your expenses, and allocate …
Home - Budget Bytes
Easy and delicious recipes designed for small budgets. Delicious chicken recipes, easy pasta recipes, cozy comfort foods, vegetarian recipes and more.
How To Make A Monthly Budget In 5 Simple Steps | Bankrate
Feb 3, 2025 · What is a monthly budget? A budget is a financial plan that helps you manage your finances, so you know exactly how much you are earning, spending and saving. Having a …
How to Budget in 2025 - Business Insider
Dec 4, 2024 · There are several strategies for budgeting. Each has its own unique pros and cons. Checking in on your budget, adjusting it, and analyzing your spending habits regularly is …
