One More Issue
Financing our institutions is a continuous cycle of managing resources efficiently and effectively in a manner that accomplishes the institution’s goal and objective set forth by its mission and vision. The process requires planning, organizing, directing, and controlling activities that included investment decisions as well as the raising of various resources to retain the institution 's quality of education. The raising of resources is one issue that colleges and universities address in the investment decisions. Endowments are an investment decision some schools use as a resource but is also a critical issue because they can be hard to manage and they require fiscal accountability.
Aligning Issues and Insights
In Lapovsky’s (2007) article “Critical Endowment Policy Issues”, an endowment is said to consist of “funds that come from three sources: contributions to the institution, growth from investment returns, and operating budget surpluses” (p. 101). The issue is that “assets differ by endowment size” (p. 102) and how the institution manages …show more content…
Estimating the cost colleges and universities will need to invest in remediation courses for students that are struggling academically will be vital in the institution 's goal to offer quality education. Yeager, Nelson, Potter, Weidman, & Zullo (2001), stated that “adoption of the core concept of strategic budgeting has significant implications for both the decision makers and the analysis involved in the budget-building process” (p. 469-470). Knowing how to fund quality education with the proper facilities means organizing a budget to include areas beyond the actual infrastructure. It includes strategically planning for assistive technology, parking and grounds development, equipment, and student safety since the job of the facilities manager is not limited to office
Financing our institutions is a continuous cycle of managing resources efficiently and effectively in a manner that accomplishes the institution’s goal and objective set forth by its mission and vision. The process requires planning, organizing, directing, and controlling activities that included investment decisions as well as the raising of various resources to retain the institution 's quality of education. The raising of resources is one issue that colleges and universities address in the investment decisions. Endowments are an investment decision some schools use as a resource but is also a critical issue because they can be hard to manage and they require fiscal accountability.
Aligning Issues and Insights
In Lapovsky’s (2007) article “Critical Endowment Policy Issues”, an endowment is said to consist of “funds that come from three sources: contributions to the institution, growth from investment returns, and operating budget surpluses” (p. 101). The issue is that “assets differ by endowment size” (p. 102) and how the institution manages …show more content…
Estimating the cost colleges and universities will need to invest in remediation courses for students that are struggling academically will be vital in the institution 's goal to offer quality education. Yeager, Nelson, Potter, Weidman, & Zullo (2001), stated that “adoption of the core concept of strategic budgeting has significant implications for both the decision makers and the analysis involved in the budget-building process” (p. 469-470). Knowing how to fund quality education with the proper facilities means organizing a budget to include areas beyond the actual infrastructure. It includes strategically planning for assistive technology, parking and grounds development, equipment, and student safety since the job of the facilities manager is not limited to office