Resource allocation and reallocation strategies for colleges who have financial problems are considered in three articles based on presentations to a national conference at the University of Arizona. In "Reallocation Strategies," James A. Hyatt discusses factors that shape institutional responses to reallocation and elements that should be considered in developing reallocation processes. Among these factors are: duration of the fiscal crisis; the degree of management flexibility at the institution; and the diversification of institutional revenue sources. John W. Casey's article, "An Institution Experiences Contraction," concerns the situation at Seattle Community College District. Reasons for reduced educational expenditures are considered and demographic data are presented on: Washington State, Seattle and King County, and the Seattle Community College District for 1979 and 1982; and full-time equivalent enrollments in the community college system. Finally, "Resource Allocation at California State University, Hayward" by Ellis E. McCune considers: the problems of reallocation resources in response to declining student enrollments and reduced budget allocations; and the broader context of decision-making on resource allocation throughout the life cycle of the university. (SW)