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ERIC Number: EJ917670
Record Type: Journal
Publication Date: 2011
Pages: 4
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-1068-1027
Board Budget Decisions: Protecting and Building Your Institution's Assets
Jones, Dennis
Trusteeship, v19 n1 p30-33 Jan-Feb 2011
The strategic plan represents an institution's top priorities. Yet colleges commonly set aside financial resources to pursue them only after investing in maintaining the status quo. When building a budget, boards should focus on putting institutional assets at the center of the process and aligning fiscal decisions with their college's mission and long-term goals, while investing in strategic priorities through an intentional set of decisions. Such a method of allocating resources helps guarantee the long-term capacity and health of the institution and puts boards at the beginning of the process rather than the end.
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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