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Community College Management Strategies for Balancing the Budgets.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Community College Management Strategies for Balancing the Budgets./
Author:	Dodson, Rachel Ann Sullivan.
Description:	1 online resource (121 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 84-09, Section: A.
Contained By:	Dissertations Abstracts International84-09A.
Subject:	Finance. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30311126click for full text (PQDT)
ISBN:	9798377604594

Community College Management Strategies for Balancing the Budgets.
Dodson, Rachel Ann Sullivan.

Community College Management Strategies for Balancing the Budgets. - 1 online resource (121 pages)

Source: Dissertations Abstracts International, Volume: 84-09, Section: A.

Thesis (D.B.A.)--Walden University, 2023.

Includes bibliographical references

During declining revenue, community college leaders may be unable to balance their budgets effectively. Community college managers who fail to balance budgets negatively impact a college's financial sustainability. Grounded in Burn's transactional leadership theory, the purpose of this qualitative single case study was to explore strategies community college managers use to balance their budgets in an environment of declining revenue. Data were collected from eight semistructured community college manager interviews and company documents: enrollment data, budget data, performance-based funding model data, and the strategic plan. Thematic analysis was used to analyze the data. Four themes emerged: (a) budget alignment with strategic planning; (b) vacancy savings; (c) enrollment-driven and performance-based funding models; and (d) alternative revenue streams, including strategic partnerships and grants. A key recommendation is for community college managers to collaborate to align and integrate budgeting processes with their institution's strategic plan. The implications for positive social change include the potential for better responsiveness to community needs through a more skilled workforce. The identified strategies could improve the economic outlook where the colleges are located, thereby fulfilling these colleges' primary mission.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798377604594Subjects--Topical Terms:

542899
Finance.
Subjects--Index Terms:

College managementIndex Terms--Genre/Form:

542853
Electronic books.

Community College Management Strategies for Balancing the Budgets.
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500 $a Source: Dissertations Abstracts International, Volume: 84-09, Section: A.
500 $a Advisor: Smith, Daniel.
502 $a Thesis (D.B.A.)--Walden University, 2023.
504 $a Includes bibliographical references
520 $a During declining revenue, community college leaders may be unable to balance their budgets effectively. Community college managers who fail to balance budgets negatively impact a college's financial sustainability. Grounded in Burn's transactional leadership theory, the purpose of this qualitative single case study was to explore strategies community college managers use to balance their budgets in an environment of declining revenue. Data were collected from eight semistructured community college manager interviews and company documents: enrollment data, budget data, performance-based funding model data, and the strategic plan. Thematic analysis was used to analyze the data. Four themes emerged: (a) budget alignment with strategic planning; (b) vacancy savings; (c) enrollment-driven and performance-based funding models; and (d) alternative revenue streams, including strategic partnerships and grants. A key recommendation is for community college managers to collaborate to align and integrate budgeting processes with their institution's strategic plan. The implications for positive social change include the potential for better responsiveness to community needs through a more skilled workforce. The identified strategies could improve the economic outlook where the colleges are located, thereby fulfilling these colleges' primary mission.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2023
538 $a Mode of access: World Wide Web
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653 $a College management
653 $a Budgets
653 $a Revenue
653 $a Strategic plan
653 $a Economic outlook
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