How University Budgets Work

How University Budgets Work

Author: Dean O. Smith

Publisher: JHU Press

Published: 2019-11-19

Total Pages: 195

ISBN-13: 1421432773

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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.


Book Synopsis How University Budgets Work by : Dean O. Smith

Download or read book How University Budgets Work written by Dean O. Smith and published by JHU Press. This book was released on 2019-11-19 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 & University Budgeting

College & University Budgeting

Author: Richard J. Meisinger

Publisher:

Published: 1984

Total Pages: 360

ISBN-13:

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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)


Book Synopsis College & University Budgeting by : Richard J. Meisinger

Download or read book College & University Budgeting written by Richard J. Meisinger and published by . This book was released on 1984 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Budgets and Financial Management in Higher Education

Author: Margaret J. Barr

Publisher: John Wiley & Sons

Published: 2018-01-31

Total Pages: 240

ISBN-13: 1119287731

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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.


Book Synopsis Budgets and Financial Management in Higher Education by : Margaret J. Barr

Download or read book Budgets and Financial Management in Higher Education written by Margaret J. Barr and published by John Wiley & Sons. This book was released on 2018-01-31 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Like Nobody's Business

Like Nobody's Business

Author: Andrew C. Comrie

Publisher: Open Book Publishers

Published: 2021-02-23

Total Pages: 432

ISBN-13: 1800641109

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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.


Book Synopsis Like Nobody's Business by : Andrew C. Comrie

Download or read book Like Nobody's Business written by Andrew C. Comrie and published by Open Book Publishers. This book was released on 2021-02-23 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

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

Author: Margaret J. Barr

Publisher: John Wiley & Sons

Published: 2003-02-03

Total Pages: 135

ISBN-13: 0787967920

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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.


Book Synopsis The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management by : Margaret J. Barr

Download or read book The Jossey-Bass Academic Administrator's Guide to Budgets and Financial Management written by Margaret J. Barr and published by John Wiley & Sons. This book was released on 2003-02-03 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 University Budgets Work

How University Budgets Work

Author: Dean O. Smith

Publisher: Johns Hopkins University Press

Published: 2019-11-19

Total Pages: 195

ISBN-13: 1421432765

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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.


Book Synopsis How University Budgets Work by : Dean O. Smith

Download or read book How University Budgets Work written by Dean O. Smith and published by Johns Hopkins University Press. This book was released on 2019-11-19 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Universities Work

How Universities Work

Author: John V. Lombardi

Publisher: JHU Press

Published: 2013-11-15

Total Pages: 242

ISBN-13: 1421411229

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"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"--


Book Synopsis How Universities Work by : John V. Lombardi

Download or read book How Universities Work written by John V. Lombardi and published by JHU Press. This book was released on 2013-11-15 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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 the University Works

How the University Works

Author: Marc Bousquet

Publisher: NYU Press

Published: 2008-01-01

Total Pages: 301

ISBN-13: 0814791123

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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.


Book Synopsis How the University Works by : Marc Bousquet

Download or read book How the University Works written by Marc Bousquet and published by NYU Press. This book was released on 2008-01-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

University Finances

University Finances

Author: Dean O. Smith

Publisher: Johns Hopkins University Press

Published: 2019-03-05

Total Pages: 425

ISBN-13: 1421427257

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


Book Synopsis University Finances by : Dean O. Smith

Download or read book University Finances written by Dean O. Smith and published by Johns Hopkins University Press. This book was released on 2019-03-05 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rigorous, detailed, and wide-ranging, University Finances is a unique and powerful resource.

Improving Student Learning When Budgets Are Tight

Improving Student Learning When Budgets Are Tight

Author: Allan R. Odden

Publisher: Corwin Press

Published: 2012-02-06

Total Pages: 209

ISBN-13: 1452279713

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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


Book Synopsis Improving Student Learning When Budgets Are Tight by : Allan R. Odden

Download or read book Improving Student Learning When Budgets Are Tight written by Allan R. Odden and published by Corwin Press. This book was released on 2012-02-06 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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