How University Budgets Work


Book Description

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


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.




College & University Budgeting


Book Description

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)




How University Budgets Work


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.




Like Nobody's Business


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.




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


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.




How Universities Work


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"--




How College Works


Book Description

A Chronicle of Higher Education “Top 10 Books on Teaching” Selection Winner of the Virginia and Warren Stone Prize Constrained by shrinking budgets, can colleges do more to improve the quality of education? And can students get more out of college without paying higher tuition? Daniel Chambliss and Christopher Takacs conclude that the limited resources of colleges and students need not diminish the undergraduate experience. How College Works reveals the surprisingly decisive role that personal relationships play in determining a student's collegiate success, and puts forward a set of small, inexpensive interventions that yield substantial improvements in educational outcomes. “The book shares the narrative of the student experience, what happens to students as they move through their educations, all the way from arrival to graduation. This is an important distinction. [Chambliss and Takacs] do not try to measure what students have learned, but what it is like to live through college, and what those experiences mean both during the time at school, as well as going forward.” —John Warner, Inside Higher Ed




How the University Works


Book Description

Uncovers the labor exploitation occurring in universities across the country 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.




Higher Education, Fiscal Administration, and Budgeting


Book Description

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.