ERIC Number: ED394402
Record Type: RIE
Publication Date: 1995-Aug
Reference Count: 0
Outcome Based Budgeting: Connecting Budget Development, Allocation and Outcomes.
This plan for outcome-based budgeting (OBB) is the result of growing demands for increased fiscal accountability, measurable outcomes, strengthened assessment processes, and more meaningful performance indicators as mandated by many State and Federal legislators. OBB focuses on linking funding with outputs and outcomes. Higher education institutions must redefine budget planning and justification processes and the means of connecting those processes to financial information. OBB tracks student progress from initial matriculation through program completion and identifies significant student outcomes and their basis for funding based on defined student-career development tracks. Critical to OBB is the development of a data base that translates traditional student information into the new, outcome-oriented tracks; it must define and collect new data and establish a structure that uniformly gathers follow-up information on students once they are no longer enrolled in the institution. Building an OBB requires defining the key outcomes; creating the tracking system and maintaining the existing data in parallel; linking inputs, outcomes, and funding; and building budgets based on the outcomes. OBB yields understandable outcomes from State funding for legislators and governors which may help to secure additional funds. OBB is seen as a balanced approach to addressing legislative concerns while expanding the scope of information that institutions use for decision making purposes. (NAV)
Descriptors: Accountability, Accounting, Budgeting, College Outcomes Assessment, Compliance (Legal), Cost Estimates, Educational Economics, Educational Finance, Expenditures, Financial Audits, Financial Policy, Higher Education, Legal Responsibility, Money Management, Outcome Based Education, Program Budgeting, Resource Allocation
SHEEO, 707 Seventeenth St., Suite 2700, Denver, CO 80202-3427 ($10 prepaid).
Publication Type: Opinion Papers; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: State Higher Education Executive Officers Association.
Identifiers: Performance Indicators
Note: Paper presented at the SHEEO Professional Development Seminar for State Higher Education Finance Officers (Charleston, SC, August 17-19, 1995).