A new study of endowments by the National Association of College and University Business Officers (NACUBO) and the Commonfund Institute has brought good news to college and universities: While endowment returns dropped precipitously in fiscal year 2009 as a result of the financial crisis and accompanying slide in equity markets, they climbed to an…

On February 17, 2009, President Barack Obama signed the American Recovery and Reinvestment Act, better known as the economic stimulus plan. Congress and the Obama Administration acted in the wake of an economic crisis spurred by a deepening recession. Among its aims in passing the ARRA, Congress moved to help states and local jurisdictions reduce…

This article investigates budget monitoring and control in township schools in South Africa. The enactment of the Schools Act 1996 revolutionized school financial management in South Africa, making it part of the drive for democratic school governance. School governing bodies had to be established, whose responsibility it became to manage finances…

An Arizona district funded staff salary raises by developing some workable budget-reduction strategies. The process emphasized garnering board and community support and collaborating with employee groups. A list of 67 ideas for generating revenues or reallocating program dollars represented $9 million in savings. A condensed list saving $3 million…

Crucial aspects of university finances in India are reviewed, including the pattern of flow of resources into the university system and the pattern of allocation of resources by the university between its different functions and faculties. (Author/MLW)

This report discusses some of the financial issues and choices with which Harvard University will have to cope in an environment of increased stringency: issues of money-allocation, money raising, and money management. Part I presents highlights of Harvard's recent financial history and its prospects in quantitative terms. Part II presents some…

When a college or university is faced with financial problems, it can either seek more revenue or reduce costs. With the constantly growing costs of education and research and the increasing resistance of legislators and other financial contributors, cost reduction is becoming the necessary alternative. In taking this route, 11 problem areas need…

Rethinks the use of teachers, a school's most expensive and important resource. Four categories could benefit from restructuring: teacher and aide allocation/assignment, teacher compensation, student support services, and general and special program administration. Middletown, New York, actually improved its student:teacher ratio by using its…

This paper reconceptualizes the purposes of education's budget envelope. Citing numerous examples of how policymakers consider resource allocations apart from the main concerns of individual programs, the people reallocations affect, and education's most important programs, it suggests that policymakers and finance officers reemphasize program and…

Increasing specialist staff over the years means that regular classroom teachers comprise a declining portion of professional staff. Fewer education dollars are spent teaching the regular instructional program. The Boston schools, five Darlington-Hammond study schools, the New American Schools, and the Edison Project have achieved higher student…

Retrenchment and reallocation processes at five public colleges and universities were studied: the University of Washington; University of Idaho; University of Michigan, Ann Arbor; Michigan State University; and Seattle Community College District. After an overview of institutional approaches to retrenchment and reallocation, the five individual…

As a consequence of declining enrollment and decreasing public school revenues, coupled with cost increases linked to state and federal mandated programs, collective bargaining obligations, rising energy costs, and a larger proportion of high cost (disadvantaged) students, administrators are faced with a compelling need for cutbacks in…

Due to enrollment decline, reductions in federal support, and declining state support because of a constricted economy, growing inflation, expanding government and legal requirements, and the loss of public confidence in education, the Portland School District (Oregon) developed a short-term contingency budget planning process in fiscal 1980-81 to…

With state budgets in trouble across the United States, many school districts have already been hit with midyear cuts. Morale is the first and biggest issue administrators and school boards have to tackle. Successful leaders must be able to forecast what lies ahead and plan for the future. Good communication with staff and the public is crucial to…

Three categories of options for colleges dealing with reduced resources are defensive reactions, constructive structuring and flexibility, and long-term new directions. Areas toward which resources need to be redirected, however, include broadening educational options for minority youth and encouraging client-centered and goal-oriented learning.…