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Budget and Finance in the American Community College

Budget and Finance in the American Community College
Author: Trudy H. Bers
Publisher: John Wiley & Sons
Total Pages: 144
Release: 2015-01-12
Genre: Education
ISBN: 1119041562

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"In this volume of New Directions for Community Colleges, key issues and practices will be addressed on the following topics: The contemporary challenge of meeting growing demands for increased student persistence and success; diminishing state support for higher education; new calls for accountability and ways to measure institutional effectiveness; the increasing reliance of many community colleges on grants and other sources of revenue; and college policies that have significant financial ramifications" -- page 4 of cover.


Community College Finance

Community College Finance
Author: Christopher M. Mullin
Publisher: John Wiley & Sons
Total Pages: 336
Release: 2015-03-06
Genre: Education
ISBN: 1118954955

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Smart financial management means more students served Community College Finance provides an introduction to best practices for community college leaders and their boards, with guidance on the complex regulations, processes, and considerations surrounding the financial management of these unique institutions. As community colleges continue to increase in importance, this book provides non-technical yet extensive information to guide current and future leaders toward the establishment of effective processes to secure and maintain the funding that is so crucial to the education and future of millions of students nationwide. Readers will gain insight into the background and foundation of community college finance and learn the essentials of practice in today's economic and political climate. The discussion covers student financial aid, tuition, budgeting, and more, and explores the future of federal policy and what it means for the institutions that play such a critical role in the nation's educational system. Over eight million students attend more than a thousand community colleges in the United States today, and those colleges are now facing the retirement of their founding generation of leadership. Meanwhile, the balance between traditional funding sources is shifting as new models and approaches are being implemented, and comprehensive, guiding resources are lacking. This book fills that need with expert insight reflecting current realities and a true understanding of the challenges community colleges face. Readers will: Delve into factors affecting funding and the cost of attendance Develop a budgeting style and process that serves the institution Learn to manage fiscal crises effectively without reducing standards Consider the future of federal policy and how it will affect budgeting At a time when a difficult economy raises questions about the value of higher education, the value that community colleges offer becomes ever more clear. Community College Finance provides the guidance leaders need to help their institutions flourish.


Financing Community Colleges

Financing Community Colleges
Author: David Breneman
Publisher: Brookings Institution Press
Total Pages: 237
Release: 2010-12-01
Genre: Education
ISBN: 0815714890

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"It is by far the best study that I know of on community colleges. It comes at a critical time in the history of these institutions. It is carefully reasoned, beautifully written, and sound in its conclusions."—Howard R. Bowen; Professor of Economics and Education, Claremont Graduate School "...and excellent piece of work....Its quality is high and the book is significant. Its significance stems from the fact that it deals with an area of higher education not yet explored by other writings."—Earl F. Cheit; Dean, Schools of Business Administration; University of California, Berkeley "...a great job of describing and clarifying the issues....The book should become 'required reading' for our field...a very fine piece of work that will be a valuable tool for educators, students, and policy-makers."—Roger Yarrington; Vice President, Research and Development, American Association of Community and Junior Colleges "...a thorough job of compiling the pertinent data; of identifying key questions; and of focusing upon central, rather than tangential, issues....Leaders and policy-makers in community colleges and in governmental positions will undoubtedly find the work an invaluable resource."—Bill J. Priest; Chancellor Emeritus, Dallas County Community College District


Budgets and Financial Management in Higher Education

Budgets and Financial Management in Higher Education
Author: Margaret J. Barr
Publisher: John Wiley & Sons
Total Pages: 240
Release: 2018-01-31
Genre: Education
ISBN: 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.


Financing Community Colleges, 1988

Financing Community Colleges, 1988
Author: James Lorenzo Wattenbarger
Publisher: American Association of Community Colleges(AACC)
Total Pages: 88
Release: 1988
Genre: Education
ISBN:

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This review of state approaches to community college financing includes information from 42 states, representing 97% of the total community college enrollments in the country. Section I offers a brief analysis of the status of community college financing in 1988, highlighting several changes in resource allocation methods. The report notes that funds are directed to institutions on the basis of individual and/or system negotiation instead of by full-time student equivalent (FTE); that the political influence of the system/institution has increasingly become a major factor in determining allocations; and that states are increasingly computing allocations based on a "cost to continue" with an increased number of instances of funding for defined categorical aid. Section II presents tables showing, for each state: (1) operating funds by source; (2) sources of state appropriations by percent for general operating and unrestricted funds; (3) mean expenditures of operating costs for credit programs; (4) rank order of states by reported expenditure per FTE student; (5) states reporting or anticipating changes in methods of financial support; (6) state funds which are categorical or for limited use; (7) sources of funds for capital outlay; (8) sources of funding for noncredit courses; (9) tuition/fee changes; (10) financial aid changes; (11) state provisions for colleges experiencing enrollment declines; and (12) state financial problems. Section III offers brief case studies of the financial situation in each state, grouped by type of funding method. Finally, section IV suggests revised criteria for financing community colleges. A 23-item bibliography is included. (UCM)


Sustaining Financial Support for Community Colleges

Sustaining Financial Support for Community Colleges
Author: Stephen G. Katsinas
Publisher: Jossey-Bass
Total Pages: 138
Release: 2005
Genre: Education
ISBN:

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Sustaining fiscal support for community colleges has becoming increasingly difficult in an era marked by recurrent recessions, legislator reluctance to raise taxes, and intense competition for scarce resources from health care, K-12 education, and other pressing demands on state treasuries. After introductory chapters that provide historical, political, and economic perspectives on the fiscal environment in which commuity colleges operate, this volume describes institutional approaches to securing adequate funding in the face of fiscal uncertainty. Chapter authors provide guidelines for fundraising, leveraging corporate support through cooperative education programs, securing government grants for workforce development, managing mill levy elections for increased local tax support, and realigning budget priorities in the face of economic downturns. The volume also discusses the implications of today's changing fiscal environment for community college presidents and the skills they need to sustain adequate funding in the face of unpredictable revenue streams. This is the 132nd volume of the Jossey-Bass quarterly report series New Directions for Community Colleges.


Financing California's Community Colleges

Financing California's Community Colleges
Author: Patrick J. Murphy
Publisher: Public Policy Instit. of CA
Total Pages: 105
Release: 2004-01-01
Genre: Education
ISBN: 9781582130781

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Community College Financing 1990

Community College Financing 1990
Author: David Smith Honeyman
Publisher: American Association of Community Colleges(AACC)
Total Pages: 72
Release: 1991
Genre: Education
ISBN:

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Drawing from a national survey of state-level community college financial policies and procedures, this report reviews trends in financial support, community college expenditures, tuition, and financial aid. Introductory material examines the relationship among enrollment, tuition, and financial aid. Based on data from 37 states, part I focuses on community college funding indicating an increase in overall levels of support. Data are provided on sources of operating funds by percentage of total funds available, state appropriations for all education, sources of state funds for general operating expenditures; funds allocated on the basis of program costs; reported changes in support mechanisms since fiscal year 1986; sources of funding for non-credit programs; funding for operations by means other than enrollment calculations; percentage of total state funds in support of categorical programs; sources of funds for capital outlay; and sources of local tax revenue in support of community colleges. Part II contains data on mean expenditures per full-time equivalent (FTE) student, including comparable data for 1985. This section also provides information on full-time and part-time headcount enrollments, as well as annual FTE student enrollment figures. States are listed in rank order by expenditure per FTE. Part III offers additional information on the financial support of community colleges, pointing to tuition and fee increases by state and changes in student financial aid. This section concludes with survey responses regarding the most critical problems facing community colleges. The questionnaire and a list of respondents are included. (JMC)