ERIC Number: ED238382
Record Type: RIE
Publication Date: 1979
Reference Count: 0
Financial Responsibilities of Governing Boards of Colleges and Universities.
Association of Governing Boards of Universities and Colleges
A reference manual on financial activities of a college or university and the interactive role of the governing board is presented for board members and institutional officers who provide information to the board. Financial data related to a fictitious hybrid university are included. After identifying three broad kinds of financial information (routine and periodic financial reports, presentations requiring board discussion, and background reports), the following concerns are addressed: the college's overall condition and institutional direction, and external influences. Potential sources of funds and policy issues are considered, along with planning and budgeting concepts needed for a financial strategy. In addition, financial policy issues are discussed concerning faculty and staff, purchasing, maintenance of capital assets, energy, long-term and working capital, fund accounting, and implementing a reporting system. Questions concerning each topic are included. The following types of reports are covered: annual state of the institution, long-range plans and budgets, operating reports, results of operations, and external auditor's report. Sample financial statements, a glossary, and a 36-item bibliography are included. (SW)
Descriptors: Administrator Responsibility, Board Administrator Relationship, Budgeting, Capital Outlay (for Fixed Assets), College Administration, College Faculty, Financial Policy, Financial Support, Governing Boards, Higher Education, Institutional Characteristics, Operating Expenses, Purchasing, Reports, School Accounting, School Maintenance, School Personnel, Trustees
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Policymakers; Administrators; Practitioners
Sponsor: Kellogg Foundation, Battle Creek, MI.
Authoring Institution: National Association of College and University Business Officers, Washington, DC.; Association of Governing Boards of Universities and Colleges, Washington, DC.
Note: Document will be marginally legible due to colored ink on colored pages. For a related document, see ED 247 780.