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ERIC Number: EJ867308
Record Type: Journal
Publication Date: 2009
Pages: 2
Abstractor: ERIC
Reference Count: N/A
ISSN: ISSN-0190-2946
Creating a Flexible Budget Process
Frew, James; Olson, Robert; Pelton, M. Lee
Academe, v95 n6 p29-30 Nov-Dec 2009
The budget process is often an especially thorny area in communication between administrators and faculty members. Last year, Willamette University took a step toward reducing tensions surrounding the budget. As university administrators planned for the current year, they faced the high degree of uncertainty that the financial crisis has forced on many universities. This article discusses how this situation was dealt with--by shifting from planning a fixed budget to planning a flexible one. The process required to design this more elaborate plan resulted in unusually deep discussion between faculty members and administrators about which high-priority items needed to be included in the "base" budget and which could be deferred pending receipt of the revenue that might be generated by higher enrollment. Contingency plans were thus devised and discussed before they were incorporated into the budget.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Oregon