Post on 15-Jul-2015
Fiscal Management
in Student Affairs
2015
@EdCabellon
#SAfinance
Bridgewater State University
Learning Outcomes
#1
Resource Allocation
#SAfinanceistock / getty images
#2
Organizational
Culture’s Influence
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Learning Outcomes
#3Budgetary
Strategies & Resources
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Learning Outcomes
How Are Colleges and Universities Funded?
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Tuition/Fees State/Local
Federal Fund Raising
istock / getty images
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Source: CollegeBoard
• In 2013, per-student state funding averaged an increase of
$361/student to $7,161
• Total state fiscal support declined by 16%, from $90.5 billion in 2007-
08 (in 2013 dollars) to $76.2 billion in 2013-14, while FTE enrollment
in public institutions increased by 9% over these six years.
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#SAfinance Source: NCES
#2
Organizational
Culture’s Influence
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Bolman, L. G., & Deal, T. E. (2011). Reframing organizations:
Artistry, choice and leadership (5th ed.). San Francisco, CA:
Wiley.#SAfinance
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#SAfinance
#3Budgetary
Strategies & Resources
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Source(s)?
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Incremental Budgeting
Fixed Amount. Top-Down.
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Zero Based Budgeting
Objective based. Grass roots.
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Responsibility Centered
Budgeting
Income based. Unit controlled.
Program/Event BudgetingExample
10%: Contingency
10%: Marketing
20%: Hospitality
25%: Tech/AV/Decorations
35%: Artist/Speaker
Department BudgetExample
10%: Contingency
10%: Marketing
20%: Hospitality
60%: Operations
Student Employment Budget
allocation
hourly rate =/number
of weeks
number
of hours
per week
# student
employees/ =hours
per week
per
employee
Student Employment BudgetExample
hrs per week
per employee
$35,000
$10.00/hr =/ 30 weeks 116 10/ 11.6 =Total hours
per week
Higher Ed Finance: Final Thoughts
1. Spend down your allocation.
2. Going over budget may help you (long term)
3. Ensure debits/credits are accurate through a
review of a monthly report.
4. Ask for additions every year.
5. Ask for budget responsibilities
early in your career (e.g. at work,
in associations, volunteer orgs)
#SAfinanceistock / getty images
#SAfinanceistock / getty images
Fiscal Management
in Student Affairs
2015
@EdCabellon
#SAfinance
Bridgewater State University