ERIC Number: ED265893
Record Type: Non-Journal
Publication Date: 1986-Feb
Reference Count: N/A
Financial Management: Cash Management Practices in Florida Community Colleges.
Spiwak, Rand S.
A study was conducted to identify those variables appearing to affect cash management practices in Florida community colleges, and recommend prescriptive measures concerning these practices. The study methodology included informal discussions with the chief fiscal officers of each Florida community college and appropriate state board staff, followed by a questionnaire survey of the college fiscal officers. Study findings, based on a 100% survey response rate and analyses of state financial and census data, revealed the following as the primary affecting variables: (1) relative community college size with respect to enrollment, service area population, funding, and banking facilities; (2) efficient investment use of community college assets; (3) use of proportionally large fund balances to improve investment performance rather than the magnitude of the fund balance itself; (4) perceived levels of training with respect to actual investment performance; (5) the investment instrument and its proper use based upon investment amount, time period, and market conditions; (6) the use of banking contracts to provide banking success; (7) aggressive placement of investable funds to improve investment performance; (8) the length of the investment instrument; (9) the deferral of payments with respect to discount terms and public reaction; (10) interest bearing checking accounts; and (11) pooled investment sources. The study report includes recommendations for the improvement of cash management practices and the survey instruments. (LAL)
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Florida Univ., Gainesville. Inst. of Higher Education.
Identifiers - Location: Florida