Learning Resources

Abstract: This article presents a rigorous methodology for objectively analyzing whether a college or university should drill for natural gas on property it owns, either at its own expense or by contracting with a for-profit exploration and production company. It describes the acquisition of gas well production data and the utilization of that data in a mathematical model to forecast likely production from a new well. In addition, the article describes the financial analysis used to assess the likely fiscal impact of drilling a well and summarizes the non-quantitative factors that should also be considered in making a decision whether to drill for gas.

Abstract: College and university credit ratings directly affect institutional budgeting and planning. Hence, they should be of special concern to those charged with institutional planning. This article underscores the critical role that the ratings issued by two major rating agencies play in institutional finances and planning. Because rating agencies take into account a broad range of criteria, credit ratings remain a robust indicator of creditworthiness and can serve as signaling devices regarding institutional market positioning. Therefore, decision makers should be aware of the importance of ratings as they seek to compete for students and resources in the short run and plan for the long term.

Abstract: This article surveys the impact of state oversight and fiscal policy on universities’ revenue structures with special attention to tuition and state appropriations. It highlights the difficulties that arise for financial planners who face increasing state oversight, diminishing state support, and significant reliance on increases in tuition and fees. It also considers the impacts of restrictive state fiscal policies on financial planning. The author suggests that as institutional planners seek out the factors affecting revenues, it is sensible for them to consider the consequences of state oversight and state fiscal policy in their assessment of the internal and external fiscal environments.

Abstract: College and university leaders currently face the most challenging fiscal, monetary, and legislative climate in memory. Leaders must manage the academic and financial resources of the enterprise with far more deft than their predecessors. For many campuses, additional resources will need to be created from within the existing financial boundaries of the institution. The overhead coverage matrix presented in the article is positioned as a tool to assist in making decisions related to strategic resource management. To demonstrate the utility of the overhead coverage matrix, a hypothetical example of resource planning is presented as a walkthrough.

Abstract: Looking for tools to help make your next planning or campus project easier? SCUP’s Resource & Budget Planning Advisory Group generated practical analyses of and insights toward tools and processes that can help you today and with projects to come. Integrated Resource and Budget Planning at Colleges and Universities is the culmination of several years of discussions, face-to-face roundtables, conference calls, and virtual meetings. There is a bit of opinion and some original research, but this publication is mostly very practical descriptions, analysis, and insights into tools and processes. We hope you find it to be informative, interesting, and useful. Each chapter will give you a tool that was crafted by experienced, on-campus peer-practitioners.

Abstract: Since the creation of the Kentucky Community and Technical College System (KCTCS) in 1998, we have transformed the lives of more than 500,000 Kentuckians by providing them with the skills and education they need to succeed in today’s economy. KCTCS has become the largest provider of higher education and workforce training in Kentucky by focusing on workforce and transfer education and college and workforce readiness. For most Kentuckians, higher education begins at one of our system’s 16 colleges because we provide students with a quality and affordable education right in their own community. We are well on our way to achieving our vision to be the nation’s premier community and technical college system. This article describes the KCTCS approach to budgeting.

Abstract: Private higher education institutions are those entities owned and operated by the private sector, while public institutions are those established, supported, and controlled by a governmental agency, most often a state. Key differences exist between private and public institutions that affect budgeting in critical ways. Such differences include governance, governmental support, student tuition and fees, student financial aid, constituent support, and accounting regulations.However, when all is said and done, both public and private institutions must be careful to fulfill their fiduciary responsibilities because higher education overall is essential to the public interest.

Abstract: Higher education institutions must be resilient amid vastly increased expectations for sustainable environments, global focus, and technological support. In this article, we challenge all those engaged with planning in higher education to foster shared leadership throughout all levels of the organization as a means to meet these challenges and opportunities. We cite scholarship on shared leadership and provide examples of shared leadership in support of Green, Global, and Google (i.e., above-campus technology) initiatives. We provide a model for shared leadership and conclude with a succinct set of directions for reinventing higher education.