Public universities are not for-profit businesses with an easy-to-understand bottom line: their financial reports are not designed to convey information to the public fully or to reflect all the costs of teaching and research. Financial reports do track every dollar in accordance with the accounting rules required by auditors, but they do not…

The education sector especially higher education in Nigeria faces financial challenges. The recurrent cost of university education constitutes about 95% of the total cost incurred by the government in Nigeria. However, the Nigerian government is unable to meet the UNESCO recommendation that 26% of national budgets should be allocated to education.…

The economic outlook may be sour for Wall Street's investment banks and for homeowners who took out mortgages they could not really afford, but campus planners and architects say that--so far, at least--colleges' construction plans are largely unaffected by the downturn. Some colleges, in fact, are trying to speed up projects to limit the damage…

In a first-of-its-kind survey, the Greaves Group queried more than 900 school administrators last year about technology needs. The result, America's Digital Schools 2006, is a comprehensive look at how schools are adapting to the new world their students inhabit--and how they're going to fund it. This article presents the key finding from the…

Assesses the financial impact of online services for management and describes the process of financial management of the online search service at Charles River Associates, Inc. The areas of budgeting, pricing, and controlling are examined in the context of a financial management methodology. (CWM)

Describes recent financial problems in support service provision faced by France's fourth largest university due to a steep rise in operating costs, a government mandate to maintain high academic and research standards, decreased resources, and efforts to improve resource use in the period 1977-81. (MSE)

The effect of inflation and recession on the budgets and character of academic institutions is examined. The seriousness of the problem is emphasized, and the rising costs are discussed in terms of the Higher Education Price Index (HEPI) constructed by Halstead. It is based on a detailed breakdown of expenditure categories and is the least…

Presents a series of five principles which facilitate the completion of performance analysis and the implementation of solutions to organizational problems. The effectiveness of the principles is demonstrated through an account of a project in which lack of control over operating room inventory in a hospital was analyzed and remedied. (JL)

Various theories are circulated concerning Stanford University's (California) controversy over use of federal research funds. Issues involved include billing the government for inappropriate charges, the rapid growth of problems, public relations failures, and poor administration. The president's role in addressing the crisis is a central concern.…

Financial indicators to describe and measure the condition of colleges and universities are discussed including: determining capital charges against current revenues, analyzing revenue structures, dissecting the expenditure structure, and restating current fund revenues and expenditures. (MLW)

Describes the measures adopted by Prince George's Community College to meet a midyear 10% budget cut. Indicates that several measures were taken, including cost containment in equipment purchasing, professional development, and hiring; administrative reorganization; an early retirement program; and an Instructional Services Fee based on an…

The prosperous 1980s will be followed by an economic slowdown challenging to higher education. Faced with slower public, private, and endowment revenue growth and increasing operating costs, institutions will have to make tough choices. Data on government contributions, private gifts, endowments, expenditures, and shifting allocations are offered…

Specific roles faculty members can play in their institution's budget processes are discussed, and the general ends served by budgets are identified. Each of the dimensions of institutional character (e.g., size, mission) determines the ways in which participants in budgeting will interact. For example, broader faculty participation in budgeting…