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About Budgets and Financial Management in Higher Education, 3rd Edition

This audiobook 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 audiobook: provides an understanding of the basics of budgeting and fiscal management in higher educationdefines the elements of a budget, the budget cycle, and the steps for creating a budgetsuggests ways of avoiding common pitfalls and problems of managing budgetscontains effective strategies for dealing with loss of resourcesincludes end-of-chapter reflection questions and an expanded glossary of terms This new edition 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, and provides practical approaches to many complex problems in fiscal management. This audiobook is expertly read by Todd Belcher. It was produced and published by Echo Point Books & Media, an independent bookseller in Brattleboro, Vermont.