Introduces early childhood program directors to vocabulary and concepts needed to effectively use economic analysis, discussing aspects of budget formulation, the role of program directors in answering management questions, ways directors can use economic arguments to solicit funds, and the transition to viewing programs in terms of economic…

Various simple ex post wealth neutrality measures capture different aspects of the concept; the use of one measure alone or several measures independently can lead to interpretation problems. The Adjusted Relationship Measure is introduced to pay attention to actual revenue differences associated with wealth differences. (Author/BW)

Focusing on the use of Comprehensive Employment and Training Act (CETA) funds in vocational agriculture, this article presents suggestions for obtaining CETA funds for a local vocational agriculture program. In addition, the article describes how CETA funds were used in an Illinois high school and the advantages realized from their use. (LRA)

Different kinds of financial data are needed by different levels of management and in different areas of support. Accounting principles for nonprofit organizations need to be determined. Accrual accounting principles, fund accounting, restricted and unrestricted funds, etc., are described. (MLW)

A matrix approach can solve the problem of identifying quality technical education programs. This method focuses on the end products of the program rather than on the educational process itself. Educators must use their professional competencies to judge program quality based on follow-up data and costs per pupil per program. (CT)

Zero-base budgeting is a management tool that provides a system that is responsive to change, incorporates sound principles of management, satisfies the need to effectively shift resources, and does not overload the budget staff. (Author/MLF)

The School of Chemical Sciences at the University of Illinois has developed a user-oriented financial management system to meet the needs of project managers for financial reporting that were not met by the central accounting system. The system presents detailed budget obligations and expenditures data needed to plan and monitor daily research…

Questions to ask, and some of the responses to expect, in interviewing money managers. (Author/MLF)

To handle the major school budgetary and operating challenges posed by the energy, transportation, food service, maintenance, equipment, and material problems, administrators must look to improved management, improved operations, and optimization of existing resources. (Author/MLF)

Discusses how higher education institutions can market their risk financing program to insurance brokers and insurance companies to obtain superior, cost effective coverage in the current buyer's market. Explains the development of a marketing package, the negotiating process, and the selection of brokers and insurance companies. (MDM)

Discusses balance sheets and income statements for private-sector companies and the ratios that have been developed to guide corporate decision makers. Discusses the various public-sector reports that school districts create and how they can be used to create information via ratios to help school administrators and policymakers in directing and…

Two reports on institutional fund raising ("The Quest for Major Gifts: A Survey of 68 Institutions," 1983, by Addison L. Winship II, and "Seeking Major Gifts: How 57 Institutions Do It," 1991, by Anne W. Altizer) offer examples of how a healthy college endowment provides stability through difficult economic times. (MSE)

In a model for training physicians in management, a privately funded program has a physician-fellow working in a community-based private practice to produce compensation for work done and fund academic training. Institutions can thus use clinical income to expand management training within contexts of existing academic missions and patient care…

Emphasizes the need for music teachers to defend school music programs. Suggests developing advocacy objectives in the areas of communication, visibility, and classroom follow-through. Argues that children's cultural heritage and musical future are at risk if further cutbacks in music education programs are not avoided. (SG)

Colleges and universities historically have ignored the capital costs associated with institutional administration in their estimates of overall and per-student costs. This neglect leads to distortion of data, misunderstandings, and uninformed decision making. The real costs should be recognized in institutional accounting. (MSE)