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.
