ERIC Number: EJ1273437
Record Type: Journal
Publication Date: 2020
Pages: 6
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-1067-1803
EISSN: N/A
Untangling Budget Uncertainty: Flexibility, Communication and a Clear Understanding of Institutional Goals Are Critical When Creating a Budget during Uncertain Times
Pierce, Dennis
Community College Journal, v91 n1 p10-15 Aug-Sep 2020
Amid the global pandemic, community colleges nationwide found themselves challenged like never before. More than 21 million Americans lost their jobs in March and April. How would this economic collapse affect college revenue streams, or fall semester enrollment? Would campuses even be open in the fall? Would students continue to register for classes, or would fears of the coronavirus keep many from attending? Community college leaders who are well versed in financial matters say the keys to budgeting effectively in periods of such uncertainty include being prepared to weather a crisis, being flexible in planning, staying well informed and maintaining a laser-like focus on the priorities that matter most. Focusing on strategic priorities not only ensures that the programs necessary to fulfilling the college's mission get the resources they need, even as other budget items might have to be cut.
Descriptors: Community Colleges, Budgeting, Educational Finance, Pandemics, COVID-19, Emergency Programs, College Administration, Administrative Principles
American Association of Community Colleges. One Dupont Circle NW Suite 410, Washington, DC 20036. Tel: 202-728-0200; Fax: 202-833-2467; Web site: https://www.aacc.nche.edu/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Arizona; Ohio; Illinois
Grant or Contract Numbers: N/A