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ERIC Number: ED388146
Record Type: RIE
Publication Date: 1995
Pages: 22
Abstractor: N/A
Strategic Budgeting: The Board's Role in Public Colleges and Universities. AGB Occasional Paper Series. AGB Occasional Paper No. 28.
Jones, Dennis P.
Association of Governing Boards of Universities and Colleges
This paper prescribes a significant change in the budgeting practices of most public colleges and universities by urging an approach to budgeting that focuses on the creation and maintenance of institutional assets and the use of mechanisms that reward accomplishment through effective utilization of these assets. This approach contrasts with typical practices that result in an "equitable" allocation of resources or that adjust prior years' budgets for inflation but make no attempts at reallocation. Special characteristics of strategic budgeting include: (1) it provides college and university leaders with a tool for ensuring the long-term adequacy and integrity of institutional assets; and (2) it sets aside a pool of resources each year for the individuals and units that make the most positive contribution to addressing priorities established in the strategic-planning process, that is creating a specific pool of resources to be invested in the institution's future. By requiring a budget structured in a way that expressly recognizes asset maintenance and by establishing guidelines tied to the strategic directions of the institution before the bottom-up processes of building the budget begins, board members can help balance the long-term needs of the institution against the short interests that normally prevail. (Author/JB)
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:
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.
Grant or Contract Numbers: N/A
Note: Publication was supported by a grant from the Robert W. Woodruff foundation.