Budget and Finance in the American Community College : New Directions for Community Colleges, Number 168.

Intro -- Budget and Finance in the American Community College -- CONTENTS -- EDITORS' NOTES -- Reference -- 1 The Clear and Present Funding Crisis in Community Colleges -- Community College Funding: A Retrospective View -- The Community College Funding Crisis -- Decline in Enrollment -- Reductions in State Aid -- Unsustained Fiscal Initiatives and Unfunded Mandates -- Other Contributors -- Implications for the Community College Mission -- Leadership Implications and Strategy -- Conclusion -- References -- 2 Community College Budgeting and Financing Demystified -- The Budgeting Cycle -- Cost Allocation and Budgeting -- Other Budgeting Issues -- Using Budgets for Planning and Control -- Requirements of Government and Accrediting Bodies -- Conclusion -- References -- 3 Budgeting Approaches in Community Colleges -- Incremental Budgeting -- Formula Budgeting -- Zero-Base Budgeting -- Planning, Programming, and Budgeting Systems -- Responsibility Center Budgeting -- The Enduring Incremental Approach -- References -- 4 Program Costs and Student Completion -- Introduction -- Why Estimate Costs of Academic Programs -- How to Estimate Program Costs -- What Can Unit-Record-Level Cost Data Do for Your College? -- Why Estimate Costs of Student Pathways -- How to Estimate Pathway Costs -- The Efficiency Metric: Cost per Unit of Output -- Changes in Adjusted Pathway Costs -- Conclusion -- Suggestions for Practitioners -- References -- 5 The Implications of State Fiscal Policies for Community Colleges -- Enrollment Pressures -- The Policy Context of Fiscal Pressures on Community Colleges -- Changes in Tuition and Enrollment -- A Weak Relationship Between Tuition and Enrollment Changes -- Online Course Enrollment -- Enrollment Demand Taken Up by the For-Profit Sector -- Performance-Based Funding -- Fiscal Impacts on College Personnel.

Incorporating Effectiveness Into the Community College Mission -- References -- 6 Linking Resource Decisions to Planning -- The Strategic Plan -- Environmental Scans -- Foundational Plans and Budget Implications -- Academic Plans -- Facilities Plans -- Technology Plans -- Financial Plans -- Linking Strategic Plans to Budgets -- The Challenge of Priorities -- The Challenge of Limited Flexibility -- The Challenge of Funding Formulas -- The Challenge of Leveraging Opportunities -- The Challenge of Institutional Cultures -- The Challenge of Grants and Donations -- Translating Priorities Into Budget Decision Packages -- Conclusion -- References -- 7 Philanthropy and Private Foundations: Expanding Revenue Sources -- Community College Foundations -- Fundraising Strategies -- External Foundations -- Types of Foundations -- Best Practices -- Conclusion -- References -- 8 Entrepreneurship: The College as a Business Enterprise -- Entrepreneurship in Community Colleges -- Third-Wave Examples -- Kirkwood Community College -- Walla Walla Community College -- Moving Toward a Third-Wave Culture -- A Strengthened Steering Core -- The Role of Leadership -- Final Observations -- References -- 9 Assessing Financial Health in Community Colleges -- Demands for Fiscal Accountability in Community Colleges -- Measures of Fiscal Accountability of Community Colleges -- Fiscal Policies and Procedures -- Economic Evaluation -- Indicators of Community College Finances -- Productivity -- Economic Impact Studies -- Bond Ratings -- Other Approaches to Examining Financial Health -- Conclusion -- References -- 10 Evolving Practices and Emerging Innovations in Community College Finance -- Evolving Practices -- Performance Funding -- Student Aid Eligibility Changes -- Local Funding -- Emerging Innovations -- New Uses for Data -- The Fiscal Impact of MOOCs -- Moving Forward -- Note.

References -- 11 Concluding Thoughts -- References -- INDEX -- Order Form -- Advert -- EULA.

Take an in depth look at the current key issues and practices in budgets and finance for community colleges. In this volume, topics include: the contemporary challenge of meeting growing demands for increased student persistence and success, diminishing state support for higher education, new calls for accountability and ways to measure institutionaleffectiveness, the increasing reliance of many community colleges on grants and other sources of revenue, and college policies that have significant financial ramifications. This is the 168th volume of this Jossey-Bass quarterly report series. Essential to the professional libraries of presidents, vice presidents, deans, and other leaders in today's open-door institutions, New Directions for Community Colleges provides expert guidance in meeting the challenges of their distinctive and expanding educational mission.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.