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.