ERIC Number: ED407053
Record Type: RIE
Publication Date: 1997-May
The Role of the Business Officer.
Weitman, Brenda C.
The primary responsibilities of chief financial or business officers at community colleges include attending to business and financial affairs, dealing with the physical plan and real estate, handling legal affairs and auxiliary enterprises, providing leadership for policy matters, and acting as a financial advisor. Due to the significant supervisory responsibilities, it is recommended that as a job qualification chief business officers be trained and skilled in staff management and organizational development. With respect to the roles of financial advisor, investment manager, and legal affairs manager, officers should protect the college president by ensuring that all expenditures are legal and play the role of conservative spender. Because officers must handle funds that are a public trust, all members of the office must practice high standards of ethical behavior. Business officers, like other members of the administration, are faced with rising concerns over resources and revenue in postsecondary education and should be able to provide some knowledge of the economic outlook and specific legislation that may affect the institution. Officers must also work with other administrators to develop an effective institutional plan, taking into account academic priorities, enrollment projections, and potential sources of funds, as well as to prepare a balanced budget to implement institutional priorities. Contains 10 references. (HAA)
Publication Type: Information Analyses
Education Level: N/A
Authoring Institution: N/A