Find Practical Approaches to Many Complex Problems in Fiscal Management
Budgets and Financial Management in Higher Education helps new administrators understand and become more proficient in their financial management role within an institution. Grounded in the latest knowledge base and filled with examples from across all types of institutions, it makes for an ideal text for 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 the loss of resources
- Includes end–of–chapter reflection questions and an expanded glossary of terms
Highly accessible for students and practitioners alike, this valuable resource offers solid guidance readers can immediately put to use in their work.
Figures, Tables, and Exhibits vii
About the Authors xvii
1. The Fiscal Context and the Role of the Budget Manager 1
2. Primary Elements of the Budget: Revenue and Expenses 31
3. Understanding Budgets 61
4. Management of the Budget Cycle 95
5. Understanding Auxiliary and Capital Budgets 127
6. Problems and Pitfalls in Budget Management 149
7. Managing Budget Fluctuations 175
Glossary of Terms 203
Margaret J. Barr is professor emerita in the School of Education and Social Policy at Northwestern University. In her career, she has supervised operating budgets for both general and auxiliary enterprises.
George S. McClellan is associate professor of higher education at the University of Mississippi. He is the author or editor of many articles, book chapters, and monographs on student affairs topics.