The annual budgeting process is a valuable opportunity for districts to systematically examine both resource use and programming. They can then use the findings to optimize resource use and improve program efficacy in ways that will lead to increased student achievement. Bo Yan and Thomas Aberli discuss three root causes for districts' inability…

Investment committees have important governance responsibilities in assuring the successful management of college and university endowments and other institutional pools of capital. The success (or failure) of the investment committee has a large, direct impact on the resources available to the institution to attract and retain quality faculty,…

At the core, budgeting is about distributing and redistributing limited financial resources for continuous improvement. Incremental budgeting is limited in achieving the goal due to lack of connection between outcomes and budget decisions. Zero-based budgeting fills the gap, but is cumbersome to implement, especially for large urban school…

To address the increased needs of students and schools resulting from the COVID-19 pandemic, the federal government has enacted a series of three relief and stimulus bills -- the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), and the American Rescue Plan…

The topic of budgeting and financial resources often strikes fear in the hearts of community college administrators and faculty, as they believe it is an arcane and complex art understood only by accountants and financial specialists. This chapter attempts to demystify the basic concepts involved in budgeting and addresses approaches to budgeting,…

School systems are currently faced with critical recovery needs as a result of the COVID-19 pandemic. Leaders must decide how to allocate nearly $200 billion of federal funding, which has the potential to significantly impact efforts to accelerate learning and provide student well-being supports, especially for students who have been…

Today's college and university boards find themselves faced with ever-increasing challenges as they attempt to meet the financial needs of their institutions while complying with a myriad of fiduciary responsibilities. How can boards best meet the financial needs of their institutions? Representatives of Ball State University Foundation describe…

The effects of linking school districts' funding directly to the students they serve and providing local school districts and communities with more control over how that money is spent could ripple through the entire K-12 system, from the state Capitol to the classroom. For district leaders anxious to improve their schools and better support…

Developing return-oriented green revolving funds (GRFs) is a rapidly growing trend at colleges and universities. A green revolving fund (GRF) is a special account designated for investment in on-campus projects that improve energy efficiency or decrease material use. GRFs invest in a variety of cost-saving initiatives, resulting in significant…

For years, people have been taught that maintaining liquidity of assets, particularly at retirement, is beneficial. One's liquidity, that is, monies he/she controls and has ready access to for discretionary withdrawals, translates into uncertainty to the company holding those assets because they can be withdrawn at any time. If one can increase a…

School business officials are best equipped to lead in funding operating and capital needs because they understand the need for a methodical means of funding ongoing costs over time and the benefits of planning for future financial needs rather than letting emergencies dictate spending priorities. A capital-financing plan makes it possible to…

This paper considers the intrafamily allocation of elderly care in the context of international migration where migrant children may be able to provide financial assistance to their parents but are unable to offer physical care. To investigate sibling interaction, I estimate best response functions for individual physical and financial…

It is no secret that library budgets are in a downward spiral like the rest of the economy. The recent annual budget survey by the "Library Journal" indicates that per capita funding for libraries will decline 1.6%, and total library budgets will be reduced by 2.6% in FY 2010. Librarians are all too familiar with this bad news, and some of them…

The first objective of this article is to increase awareness and understanding of individual decision-making biases. The second is to provide FCS professionals with strategies to improve consumer financial decisions. Individual decision biases are presented within the context of a seven-stage decision process. Proactive consumer educators using a…

This paper was created for executive directors, directors of finance and administration, and program managers of small youth-serving non-profit organizations. This guide supports and enhances the systems they use to manage grants and contracts. This guide is organized to use as a quick self-assessment of their fund management practices: (1) seven…