Community College Finance. A Guide for Institutional Leaders

  • ID: 2986138
  • Book
  • 336 Pages
  • John Wiley and Sons Ltd
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SERVE MORE STUDENTS BY DEVELOPING SMART FINANCIAL PRACTICES

Praise for COMMUNITY COLLEGE FINANCE

"At a time when the funding of community colleges is, at best, uncertain, Community College Finance emerges with the knowledge institutional leaders need to establish a more secure future."
George R. Boggs, superintendent and president emeritus, Palomar College, and president and CEO emeritus, American Association of Community Colleges

"A firm understanding of the options before you is paramount to successful leadership. For those in, or aspiring to be in, leadership positions within the community college movement, Community College Finance is a must–read, as it provides an array of options requisite for financial leadership in the community college."
Larry W. Tyree, professor emeritus, University of Florida, and president emeritus, Santa Fe College, Florida; Florida Keys Community College; and Independence Community College, Kansas

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List of Figures and Tables ix

Acknowledgments xiii

Preface xv

About the Authors xxi

Sources of Revenue

1. Factors Influencing Community College Finance 3

2. The Shifting Balance of Revenue 23

3. Institutional Support 41

4. Tuition and Fees and the Cost of Attendance 59

5. Student Financial Aid 77

6. Infrastructure and Funding Issues 93

Expending Fiscal Resources

7. Institutional Expenditures 113

8. Aligning Mission and Money 131

9. Costs, Efficiency, and Productivity 149

10. College as an Investment 165

Leadership Resources

11. Funding Formulas 185

12. Setting Prices 199

13. Managing a Fiscal Crisis 217

14. Tenets of Advocacy 229

15. Future Forces in Community College Finance 243

Appendix: Principles of Taxation 255

References 269

Index 291

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Christopher M. Mullin
David S. Baime
David S. Honeyman
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