Discussion 7 | Education homework help
Internal and external factors heavily influence the academic budget cycle at a college. Some examples would be:
- Faculty positions for the fall are listed the previous fall
- Student affairs positions are listed from Jan 1-April 1
- States don’t release funds until the month after approvals, usually 2-6 months into the budget cycle
Pick one of the three budget models below and review their budget communication in light of these factors: a decentralized budget, an incremental budget, or a zero-based budget. Then, analyze the key components that school used to construct their budget process.
Textbook: Budgets and Financial Management in Higher Education, Chapter 6