Question 1. Use the Internet to research the current state of the economy and how it is affecting higher education institutions. What evidence can you find that colleges and universities are addressing financial problems through the process of retrenchment?
Provide your sources of information. Use examples from your own experience if applicable.
Question 2. Which approach to preparing an annual budget for an academic institution such as Virginia Tech Polytechnic Univ. at:
https://www.vt.edu/
Question Would you recommend: informal, consultative, or participative? Explain your choice.
Question 3. Discuss how you would allocate roles and responsibilities for completing the budget in a timely and effective manner.
Outcome:
Develop a budget strategy that aligns with an institution's strategic plan.
Learning Objective:
Explain the three approaches to engage community support in the budget process.