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Community College Budgeting and Financing Demystified
Author(s) -
Murphy David S.,
Katsinas Stephen G.
Publication year - 2014
Publication title -
new directions for community colleges
Language(s) - English
Resource type - Journals
eISSN - 1536-0733
pISSN - 0194-3081
DOI - 10.1002/cc.20117
Subject(s) - community college , control (management) , finance , financial management , money management , business , accounting , public relations , economics , management , political science , medical education , medicine
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, cost allocation, and using budgets for planning and control.