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How University Budgets Work

How University Budgets Work PDF Author: Dean O. Smith
Publisher: JHU Press
ISBN: 1421432773
Category : Education
Languages : en
Pages : 195

Book Description
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.

How University Budgets Work

How University Budgets Work PDF Author: Dean O. Smith
Publisher: JHU Press
ISBN: 1421432773
Category : Education
Languages : en
Pages : 195

Book Description
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.

College and University Budgeting

College and University Budgeting PDF Author: Richard J. Meisinger
Publisher: Nacubo
ISBN:
Category : Education
Languages : en
Pages : 220

Book Description
This book is designed to help college/university faculty and academic administrators become more constructive and knowledgeable participants in the budgetary process. Chapter 1 introduces budgets and the budgetary process, with an explanation of the importance of budgeting in policy making, Chapter 2 discusses economic and political contexts of budgeting and describes the framework for the budgetary process both on and off campus. It addresses the importance of enrollments as a major factor in resource issues, sources of funds, how state and local governments differ with respect to wealth and willingness to tax wealth, and other issues. Chapter 3 identifies factors that distinguish the budgetary process of one institution from that of another, focusing on capital budgets and operating budgets, budget cycles, participants in budgeting, and chronology of budgetary processes. Chapter 4 describes how participants influence the operating and capital budgetary processes. It discusses the need for flexibility, the relationship between risk and budgets, and how changes in institutional character can influence the budgetary process. Chapter 5 discusses budgetary planning for reallocation and retrenchment, emphasizing that the least disruptive strategies are those that are implemented in anticipation of fiscal stringency rather than in the midst of a financial crisis. An appendix describes several approaches to budgeting, such as zero base budgeting and performance budgeting. (Each chapter contains references.) (JDD)

Budgets and Financial Management in Higher Education

Budgets and Financial Management in Higher Education PDF Author: Margaret J. Barr
Publisher: John Wiley & Sons
ISBN: 1119287731
Category : Education
Languages : en
Pages : 240

Book Description
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.

University Finances

University Finances PDF Author: Dean O. Smith
Publisher: Johns Hopkins University Press
ISBN: 1421427257
Category : Education
Languages : en
Pages : 425

Book Description
Rigorous, detailed, and wide-ranging, University Finances is a unique and powerful resource.

Like Nobody's Business

Like Nobody's Business PDF Author: Andrew C. Comrie
Publisher: Open Book Publishers
ISBN: 1800641109
Category : Education
Languages : en
Pages : 432

Book Description
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.

How the University Works

How the University Works PDF Author: Marc Bousquet
Publisher: NYU Press
ISBN: 9780814791127
Category : Education
Languages : en
Pages : 281

Book Description
As much as we think we know about the modern university, very little has been said about what it's like to work there. Instead of the high-wage, high-profit world of knowledge work, most campus employees—including the vast majority of faculty—really work in the low-wage, low-profit sphere of the service economy. Tenure-track positions are at an all-time low, with adjuncts and graduate students teaching the majority of courses. This super-exploited corps of disposable workers commonly earn fewer than $16,000 annually, without benefits, teaching as many as eight classes per year. Even undergraduates are being exploited as a low-cost, disposable workforce. Marc Bousquet, a major figure in the academic labor movement, exposes the seamy underbelly of higher education—a world where faculty, graduate students, and undergraduates work long hours for fast-food wages. Assessing the costs of higher education’s corporatization on faculty and students at every level, How the University Works is urgent reading for anyone interested in the fate of the university.

How Universities Work

How Universities Work PDF Author: John V. Lombardi
Publisher: JHU Press
ISBN: 1421411229
Category : Education
Languages : en
Pages : 242

Book Description
"With wit and insight, John Lombardi offers us the single best description of how universities work. This book is destined to be an essential handbook for anyone working or hoping to work in a university. It gives readers an insider's view of the American academy. How Universities Work introduces readers to the structure, logic, dynamics, and operational styles of America's public and private institutions of higher education. The author identifies all the bits and pieces that compose a university in contemporary America: defines them; describes them; and does it all with remarkable economy so that you come away from this slim volume knowing more than you had any reason to anticipate. While focused on research universities, much of the discussion applies to many other types of post-secondary institutions as the premier public and private research universities serve as models for other colleges and universities. Ideal for students, this book will form a solid foundation for introductory courses in Higher Education, but it may also find a welcome home on the bedside table of faculty and administrators"--

The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management

The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management PDF Author: Margaret J. Barr
Publisher: John Wiley & Sons
ISBN: 0787967920
Category : Education
Languages : en
Pages : 135

Book Description
Newly appointed academic managers are often unsure how to effectively manage their department's fiscal affairs. The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management is specifically designed for administrators who need guidance for managing the fiscal resources of a department or unit. Using this book, administrators can learn to better understand the broad fiscal context of their institutions and thereby master their own role and function within the institution.

A Guide to College & University Budgeting

A Guide to College & University Budgeting PDF Author: Larry Goldstein
Publisher:
ISBN: 9781569720073
Category : Universities and colleges
Languages : en
Pages : 239

Book Description
Rev. ed. of: College & university budgeting, 2005.

Improving Student Learning When Budgets Are Tight

Improving Student Learning When Budgets Are Tight PDF Author: Allan R. Odden
Publisher: Corwin Press
ISBN: 1452279713
Category : Education
Languages : en
Pages : 209

Book Description
A how-to manual for achieving excellence despite budget cuts This book offers a comprehensive framework to enhance student achievement in good times and in bad. The author provides a school improvement action plan and then shows how to target resources to implement that plan. More than just a “theory” book, this text describes concrete, specific actions that can be taken immediately. Key strategies include: Using data to support boosting student performance Focusing on effective instruction Setting goals to drive resource allocation priorities Setting priorities for situations that require budget cuts Hiring top teachers and providing ongoing professional development Providing needed technology resources