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Assessing Financial Health in Community Colleges
Author(s) -
Bers Trudy H.,
Head Ronald B.
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.20124
Subject(s) - accountability , revenue , business , workforce , resource allocation , internal revenue , finance , higher education , accounting , economic growth , economics , political science , marketing , service (business) , management , law
In this age of educational accountability, there is an increasing emphasis on assessment and institutional effectiveness, not only in the academic arena but also in other aspects of community college operation, such as fiscal health and stability, revenue generation, resource allocation, facilities, workforce development, and community enrichment services. This chapter describes the challenge of effectively assessing community college financial services and budgets as well as internal and external standards and benchmarks developed to measure institutional fiscal health and the allocation of resources (e.g., reserve fund amounts, deferred maintenance, and bond ratings).