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EJ917670 - Board Budget Decisions: Protecting and Building Your Institution's Assets

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ERIC #:	EJ917670
Title:	Board Budget Decisions: Protecting and Building Your Institution's Assets
Authors:	Jones, Dennis
Descriptors:	Strategic Planning; Educational Finance; Institutional Mission; Budgeting; Goal Orientation; Colleges; Governing Boards; Trustees; College Administration; Higher Education
Source:	Trusteeship, v19 n1 p30-33 Jan-Feb 2011
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Publisher:	Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Date:	2011-00-00
Pages:	4
Pub Types:	Journal Articles; Reports - Descriptive
Abstract:	The strategic plan represents an institution's top priorities. Yet colleges commonly set aside financial resources to pursue them only after investing in maintaining the status quo. When building a budget, boards should focus on putting institutional assets at the center of the process and aligning fiscal decisions with their college's mission and long-term goals, while investing in strategic priorities through an intentional set of decisions. Such a method of allocating resources helps guarantee the long-term capacity and health of the institution and puts boards at the beginning of the process rather than the end.
Abstractor:	ERIC
Reference Count:	0

Note:	N/A
Identifiers:	N/A
Record Type:	Journal
Level:	N/A
Institutions:	N/A
Sponsors:	N/A
ISBN:	N/A
ISSN:	ISSN-1068-1027
Audiences:	N/A
Languages:	English
Education Level:	Higher Education; Postsecondary Education
Direct Link:	http://agb.org/trusteeship/2011/1

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