More Subjects
Title Page
Budget role
The mandatory requests that must be funded include research, programs for the students and teachers training. The strategic budget plan stresses on managing all essential aspects of the institute. The budgeting is affected by the mission and goals of the institute. The goals are focused on providing quality education and interactive learning environment to the students. Schools follow a systematic process of budgeting, so cutting budget for any activity is not simple. The budget is allocated for managing the education, programmes and project related activities. It is mandatory to provide salaries, safety and invest in infrastructure.
The evidence suggests that salaries and benefits of employees constitute a larger part of the institutional budget. Reductions in salaries often cause termination of staff. It is difficult for the institutions to reduce the salaries because this causes severe impacts and generate negative reactions in the teachers. In the case of financial stress, the most commonly adopted option is by lowering staff's salaries or removing some benefits. The institutions also respond by eliminating training programs for minimizing overall costs. Budget is controlled by school policies and depends on the proposed expenditure for a specified period. The institutes cannot cut the budget for the provision of desired educational programmes. They are developed according to the goals of the school. Budget is an allocation in a manner that ensures attainment of the given level of output CITATION Mei84 \l 1033 (Meisinger & Dubeck, 1984).
Another area that suffers the consequences of budget reductions includes student welfare programs. As the institutes are bearing high costs of free education or partial funding, they have to end many programs that are linked to their development. The changes in personal programs demand mutual agreements; otherwise, it causes an adverse situation. As quality education is dependent on skilled educators, so the budget is used for providing salaries and benefits to the teachers.
References
Brookson, Stephen. Managing Budgets. London: Dorling Kindersley Press, 2000. Chabotar, K. J. “Managing Participative Budgeting in Higher Education.” Change, Sept./Oct.1995, Vol. 27 (5), pp. 21-31.
BIBLIOGRAPHY Meisinger, R., & Dubeck, L. (1984). College & University Budgeting. An Introduction for Faculty and Academic Administrators. National Association of College and University Business Officers.
Van der Klaauw, Wilbert. 2002. “Estimating the Effect of Financial Aid Offers on College. Enrollment: A Regression-Discontinuity Approach.” International Economic Review, 43(4): 1249-1287.
More Subjects
Join our mailing list
© All Rights Reserved 2024