Category: Budgets and Finance
In part one of this four-part series on Responsibility Centered Management (RCM), I presented the basic features of RCM, including the fact that no two versions of RCM are the same. Institutions have found ways ...
Part 1 of 4: Basic Structure and Money FlowResponsibility Centered Management (RCM) is a budgeting model that has been in existence for decades but more recently has become the preferred budgeting approach for an increasing ...
Universities protect researchers’ inventions by securing patents. The resulting commercialization activities provide additional funding for research and spur start-up companies. Many universities retain their patent assets in-house even though monetizing them might increase related revenue. ...
Traditionally, colleges used a similar mix of marketing tools and techniques to attract new students. The typical approach included: a high-quality set of recruitment brochures on select programs of study; a college catalog that was ...
After the first two questions posed in a previous article on budgeting and finance, namely identifying the sources of academic income and how the department’s budget is established, have been answered, the new chair should ...
To provide some basic budgeting and finance information to new chairs with little or no experience in this area, in my June article I recommended some questions for them to ask their dean prior to ...
In the June 2018 issue of Academic Leader, I covered questions that new chairs may wish to ask their supervisor, presumably the dean. Armed with basic information on the sources of academic income available, how ...
In late March, congressional leaders released the 2018 Omnibus Appropriations Bill, which combines 12 different spending bills into one measure affecting the rest of fiscal year 2018. This bill is particularly important HBCUs, which depend ...
Much has been written about academic department chairs who come into their administrative positions with no formal training and essentially must learn on the job. This oversight is particularly critical at this time, when the ...
Few appreciate how fundamentally different the fiscal future of colleges and universities in the United States will become. The 2017 tax law changes will increase pressures on higher education to deliver better outcomes for students ...
