Discussion question:
Read the case study, “Omega College,” in Chapter 7, pages 195-197 of Budgets and Financial Management in Higher Education.
By Day 3
Post a summary of your analysis of the case study. As a member of the administration:
What actions might you recommend that the institution consider for the short term?
What additional sources of revenue could you identify that might be available to Omega College?
What data would you need to gather to determine whether the options being considered are viable and cost effective?
Be sure to support your response with references to this week’s Learning Resources.
Resources to use:
Required Readings
Barr, M. J., & McClellan, G. S. (2018). Budgets and financial management in higher education (3rd ed.). San Francisco, CA: Jossey-Bass.
Chapter 3, “Understanding Budgets”
Focus on the decision-making processes related to budgeting.
Goldstein, L. (2019). College and university budgeting: A guide for academics and other stakeholders (5th ed.). Washington, DC: National Association of College and University Business Officers.
Chapter 1, “An Introduction to Budgeting”
Focus on the purposes, roles, and types of budgeting.
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