ERIC Number: ED144500
Record Type: RIE
Publication Date: 1977-Jul
Reference Count: 0
Financing Instruction in Public Higher Education. NACUBO Professional File, Vol. 9, No. 7, July 1977.
Millett, John D.
In the financing of higher education there are at least three major complications: (l) identifying the multiple outputs produced by an institution; (2) determining the costs associated with producing particular outputs; and (3) relating sources of income to costs of production. The use of several different budgets is essential. Every institution needs at least three: for instruction, for student financial assistance, and for auxiliary purposes. The tasks of analysis and development begin with these separate budgets. Instructional expenditures and instructional income are examined in detail as they relate to the budgetary process in public colleges and universities. No simple solutions to reduction of expenditures are found; every reduction takes away some fraction of college or university effectiveness in the delivery of a quality output in instructional service and in other outputs. The role of state governments in financing higher education will become more and more important. (Author/LBH)
Descriptors: Access to Education, Budgeting, Educational Economics, Educational Finance, Expenditures, Faculty Development, Higher Education, Income, Noninstructional Student Costs, Public Education, Salaries, State Aid, State Colleges, State Universities, Unit Costs
National Association of College and University Business Officers, One Dupont Circle, Suite 510, Washington, D.C. 20036
Publication Type: Journal Articles
Education Level: N/A
Authoring Institution: National Association of College and University Business Officers, Washington, DC.