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How University Budgets Work

Dean O. Smith

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An accessible handbook for anyone who needs to understand a university budget—perfect for the non-finance higher ed professional.

To understand how universities function, it is critical to understand how their budgets work. In this useful volume, Dean O. Smith provides a concise explanation of university budgets—why they're important, how they are prepared, what information they provide, and how they are monitored.

Translating technical jargon into layman's terms, How University Budgets Work emphasizes practical matters and best practices. Writing for a non-specialist audience, Smith covers…

An accessible handbook for anyone who needs to understand a university budget—perfect for the non-finance higher ed professional.

To understand how universities function, it is critical to understand how their budgets work. In this useful volume, Dean O. Smith provides a concise explanation of university budgets—why they're important, how they are prepared, what information they provide, and how they are monitored.

Translating technical jargon into layman's terms, How University Budgets Work emphasizes practical matters and best practices. Writing for a non-specialist audience, Smith covers major aspects of university budgets ranging from their preparation and alignment with strategic plans to their implementation at the departmental level. Offering time-tested advice from his many years in higher administration, he also touches on

• expenditure monitoring
• projections
• allocations
• revenue
• incentives
• financial reserves
• end-of-year accounting

The companion book to the more rigorous University Finances, also by Smith, How University Budgets Work is a unique introductory guide for the extended academic community. Ultimately, this logical, accessible book provides a working knowledge of how university budgets are produced and implemented, one that enables faculty members and administrators to become more effective in their roles within the university.

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How University Budgets Work

Dean O. Smith

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Reviews

Reviews

This very inclusive book, which provides a detailed, step-by-step overview of higher education budgeting, will appeal most immediately to new finance leaders, as well as faculty members and divisional colleagues who require knowledge about the process.

A practical guide that provides new academic administrators and others interested in higher education finance with a basic knowledge of budget principles and applications, written in language easily understood by those with little or no financial background.

About

Book Details

Publication Date
Status
Available
Trim Size
5
x
8
Pages
200
ISBN
9781421432762
Illustration Description
2 graphs
Table of Contents

Preface
Chapter 1: The Language of Budgets
Chapter 2: University Budgets
Chapter 3: Budget Models
Chapter 4: Strategic Plans
Chapter 5: Operating Budget Preparation
Chapter 6: Budget Implementation
Chapter 7

Preface
Chapter 1: The Language of Budgets
Chapter 2: University Budgets
Chapter 3: Budget Models
Chapter 4: Strategic Plans
Chapter 5: Operating Budget Preparation
Chapter 6: Budget Implementation
Chapter 7: End of the Fiscal Year
Chapter 8: Power of the Budget
Notes
Index

Author Bio
Featured Contributor

Dean O. Smith

Dean O. Smith has served in the higher administration of four major universities: the University of Wisconsin–Madison, Texas Tech University, the University of Alabama in Huntsville, and the University of Hawaii, where he is now professor emeritus. He is the author of Managing the Research University, Understanding Authority in Higher Education, and University Finances: Accounting and Budgeting...