Budgets and Financial Management

Аннотация

Whether you are a new department chair, a principal investigator on a large research grant, or a new director of a business, academic support, or student affairs unit, you will need to create, defend, and manage a budget. Effectiveness in your new administrative role depends, in part, on your understanding the financial issues influencing your institution and your unit. Understanding the “big picture” is essential to effectively present your unit priorities, needs, and aspirations during the development, review, and approval of your unit budget requests. Success in matters related to fiscalmanagement also depends on establishing the critical link between unit needs and institutional priorities. Finally, your success as a budget manager depends on your ability to articulate both the short- and long-term fiscal and service implications for new programs, expanded services, new equipment, new facilities, and increased staff or staff reductions. The volume focuses on practical issues of budget and fiscal management and is designed to specifically aid new budget managers. Budgeting and fiscal management are but one part of your new duties. However, understanding and mastering budgeting and fiscal management is essential for your success. This book will also be useful to graduate students and entry-level professionals contemplating administrative responsibilities in the future.