In Chapter One we discussed the role of the budget manager across the broad spectrum of administrative units, academic departments, and institutional types in higher education. We also discussed budgetary challenges in the context of contemporary practice. In this chapter we consider the two primary elements of any budget—revenues and expenses. We use examples of budget statements throughout the chapter to illustrate the information shared. The relationship between revenues and expenses and the relationship between both and institutional mission and strategic plan will be addressed in Chapter Three.
We will not discuss for‐profit institutions in this chapter. One of the purposes of a for‐profit ...
