7Managing Budget Fluctuations

Anyone who serves as a budget manager in higher education for any reasonable length of time is likely to encounter both budget reductions and budget additions in the fiscal environment for their institution. Dealing with budget fluctuations, whether down or up, is never easy, but guidance can be found in the values of the institution. What is the institution trying to accomplish? Who is the institution attempting to serve? How can the institution accomplish those goals within the constraints of budget decisions? Obviously, the answers to those questions will be different in each institution, but institutional values are the foundation on which all decisions are made.

This chapter addresses managing budget fluctuations, ...

Get Budgets and Financial Management in Higher Education, 3rd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.