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College & University Budgeting: An Introduction for Faculty and Academic Administrators [Paperback]

Larry Goldstein
4.0 out of 5 stars  See all reviews (5 customer reviews)

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Book Description

January 4, 2005 1569720312 978-1569720318 3
Since publication of the last edition of this primer, budgeting has assumed a new importance as many colleges and universities are facing the sobering question of whether existing services and staffing levels can be sustained. This third edition is an invaluable tool in helping new academic administrators and faculty members understand how an institution s budget goes beyond mere numbers to define what an institution is all about and the significance of the budgeting process especially when there are fewer resources to allocate.

Readers will learn the basics of budgeting from allocating resources to understanding the broader implications of the current economic and political environment. They will learn the importance of linking budgeting to planning and measurement, and strategies for achieving budgetary objectives.

Just some of the topics covered include critical accounting and financial reporting issues; the importance of enrollments in determining resources, expenses, and investments; how institutional resources are expended and the problems that arise when traditional inflationary measures are applied to higher education; critical policy issues such as access, research priorities, and other demands on limited public resources; planning and budgeting cycles utilized by different types of campuses; and budgeting in times of financial crisis.

An appendix introduces readers to the various budgetary approaches that an institution might apply, and a glossary of common budgeting terms rounds out this useful text.



Editorial Reviews

Review

As always, Larry Goldstein has his finger on the pulse of higher education, and offers a sound primer on budgeting and practical insights and advice based on real experiences with a wide range of institutions. His clear, direct writing style enables readers to quickly understand why budgeting is so crucial regardless of the level of resources available, the transforming role it can play, and how one can be most effective in the process. This resource is absolutely essential for anyone aspiring to influence the direction of their institution! --Edward R. MacKay, Vice Chancellor and Treasurer, University System of New Hampshire

There is not a more important process on any campus than the creation and adoption of the budget. The budget gives us discipline, helps us prioritize expenditures, and serves as a control device and benchmark against which we measure our progress and success. Wise decisions will be made if everyone better understands the budgeting environment. Larry has done a masterful job of updating this third edition. He has made substantial improvements and offers insights that will lead those not intimately involved in the budget process to be more knowledgeable and informed. This book serves as a wonderful resource, not to explain the details of the many different budget techniques, but to help explain the process, options, and factors that influence the budget environment. It is a valuable tool that should be available to those who wish to or should be leaders in creating the institution's budget. --Dr. Jerry B. Farley, President, Washburn University

Larry Goldstein has developed the most comprehensive introduction to college and university budgeting available. Individuals who are new to the financial operation will gain a thorough insight into the budgeting process. It is also a great reference and refresher for those of us who have been a part of the process for some time, as it informs us of new issues and models to consider as we rethink our own system. --John A. Palmucci, Vice President for Finance and Treasurer, Loyola College in Maryland

About the Author

Larry Goldstein is president of Campus Strategies, a higher education management consulting firm. He also serves as an accounting and finance subject matter expert for the Advocacy and Issue Analysis division of NACUBO, and is NACUBO s representative to the Governmental Accounting Standards Advisory Council as well as its liaison to the AICPA s Not-for-Profit Organizations Expert Panel.

Goldstein previously served as NACUBO s senior vice president and treasurer and as chief financial officer for the University of Louisville. His campus experience includes more than 20 years in higher education financial administration, including positions with The University of Chicago, the School of the Art Institute of Chicago, and the University of Virginia.

Goldstein, a certified public accountant, holds a Bachelor of Accountancy degree from Walsh College and a Master of Science degree from the University of Virginia.


Product Details

  • Paperback: 186 pages
  • Publisher: National Association of College & University Business Officers; 3 edition (January 4, 2005)
  • Language: English
  • ISBN-10: 1569720312
  • ISBN-13: 978-1569720318
  • Product Dimensions: 8.8 x 6 x 0.5 inches
  • Shipping Weight: 8 ounces
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #488,398 in Books (See Top 100 in Books)

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1 of 1 people found the following review helpful
By Karla
Format:Paperback
This book offers a good introduction to higher education budgeting for anyone who works in colleges and universities. The author includes financial, administrative, and political considerations that go into budgeting planning for programs.
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By Wick
Format:Paperback|Verified Purchase
Books condition was listed as good/very good, It has highlighting covering every page, writing in margins, and paragraphs circled in pen. This is not what I would consider good condition, certainly not very good. Unfortunately, I need the text for a summer class and can't send it back. Very disappointed.
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4.0 out of 5 stars Good read October 27, 2013
Format:Kindle Edition|Verified Purchase
everyone working in higher education should read this book before the institution reaches a financial crisis. Helpful insights for all employees.
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Format:Paperback
Needed it for school, shipped in perfect time. The book itself is a very fast read and you can get a lot done in a short period of time.
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3 of 5 people found the following review helpful
4.0 out of 5 stars Budgeting in Higher Education 101 October 24, 2010
Format:Paperback|Verified Purchase
Decent book for the price. I am no fan of budgeting but it is well laid out and worth the investment if you need to beef up on the application of budgeting in Higher Education.
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