In college and university administration, overhead costs are often charged to programs indiscriminately, whereas the support activities that underlie those costs remain unanalyzed. It is time for institutions to decrease ineffective use of resources. Activity-based management attributes costs more accurately and can improve efficiency. (MSE)

Attainment of fiscal stability in the 1980s at the expense of providing adequate resources for plant maintenance, it is suggested, must be avoided by introducing facility management programs anticipating rather than reacting to change. Plant utilization, maintenance, and modernization are seen as requiring continuing attention. (Author/MLW)

As a result of the new tax law, many tax benefits have been reduced or eliminated, creating a number of financial challenges to colleges and universities. Most major sources of revenue are impaired, while some expenditures are likely to increase. Fund-raising methods, operating costs, and tuition payments will change. (MSE)