Discussion of the development of a budget formula allocation system for library acquisitions is followed by a literature survey on the choice of variables to be included. The steps in the development of the allocation formula and the solutions to a number of practical problems are presented. (Author/RAA)

A web-based formula-driven tool has been developed for the purpose of performing two distinct academic department budgeting functions: allocation funding to the department, and budget management by the department. The tool's major features are discussed and its uses demonstrated. The tool's advantages are presented. (Contains 10 figures.)

Libraries have always had to determine how to allocate resources for the purpose of purchasing materials. As budgets shrink and as information becomes more open, objective methods of allocating funds become more attractive. This Clip Note examines the use of formulas in the smaller institution academic environment. It identifies elements used in…

Representing the work of a Task Force on Community College Finance established by the California State Legislature, this report recommends criteria and standards for the implementation of a new program-based funding mechanism for the state's community colleges. After reviewing the legislative mandate for the implementation of program-based…

Basic algebraic formulas for calculating research program budgets are explained, using time-tested examples of cost-sharing, fringe benefit, and indirect cost calculation. The method is suggested as a tool for teaching both novice research administrators and researchers. (MSE)

Ohio State University developed a formula to calculate the annual and renovation budget necessary to maintain campus facilities. The calculations can indicate whether an institution is gaining or losing ground in facilities upkeep. Many institutions need to nearly double past efforts to retain physical plant quality and maintain facility…

Statistical and budgeting techniques used in several institutions to measure productivity are described and illustrated. The analyses include both moment-in-time cost versus productivity and program trends. (MSE)

Establishment of college policy for determining the proportion of the budget allotted to student financial aid is discussed. The classic marketing approach to revenue optimization is outlined and adapted for college decision-making. Mathematical formulas for addressing differing institutional enrollment situations and risk factors are offered.…

A model is described that allows for assessment of alternative funding formulas for postsecondary education systems. Emphasis is on the extent to which marginal funding proposals can offer a viable alternative to traditional linear enrollment driven formulas. The model operates at a statewide level but may be useful at other levels. (MSE)

Discusses the pressure placed on research libraries to maintain a balanced collection of serials and monographs, and presents an allocation formula for serial versus monograph budgeting. The formula is based on the findings of over 50 studies that used citation analysis to determine the actual percentage of serials versus monographs used by…

Five papers are presented from a legislative seminar on budgeting for higher education and the legislative oversight process. In "Budgeting: A University Perspective," Jack K. Williams addresses the preparation of an institutional budget, what legislators should know about budgets, plans for no-growth or retrenchment, and the importance…

The approach taken by Virginia to analyze and establish policy for college and university administrator salaries, as they relate to other institutions and to the salaries of instructional faculty, is outlined. A methodology felt to be appropriate for this analysis, tested on eight institutions, is described and illustrated. (MSE)

New Jersey abandoned formula funding of higher education in favor of incentive funding combined with base budgeting. State institutions receive basic operating funds and compete for extra monies by planning initiatives for problems on which state leaders want more action. Incentive funding has cost little and improved quality noticeably. (MSE)

The Cost Proposal System, a menu-driven computer program designed to help Pennsylvania State University faculty and staff prepare proposal budgets, accommodates novice and experienced computer users and requires users to provide only basic information. It calculates personnel costs, tuition, indirect costs, and cost sharing automatically and…

One of the most critical components of the college or university chief financial officer's job is budget planning, especially using formulas. A discussion of funding formulas looks at advantages, disadvantages, and types of formulas used by states in budgeting for higher education, and examines how chief financial officers can position the campus…