Tuesday Afternoon Learning Opps

Collaborative Budget Planning to Enhance Shared Governance

  • Tuesday, August 01
  • 01:45 PM - 03:00 PM
  • Minneapolis Conv Ctr
  • 103D
  • BMO

Speakers

Carolyn Ainslie

Vice President for Finance and Treasurer

Princeton University

Princeton, New Jersey

Kent Chabotar

President Emeritus and Professor of Political Science

Guilford College

Greensboro, North Carolina

Karen Goldstein

Vice President for Business and Finance (ret)

Davidson College

Boca Raton, Florida

Sherry Mondou

Vice President for Finance and Administration

University of Puget Sound

Tacoma, Washington

Description

Many stakeholders, both inside and outside higher education institutions, are demanding a new budgeting strategies to help address financial and organizational challenges. The speakers will describe a careful, detailed planning process that includes benchmarking and analysis and incorporates strategic initiatives into the development of operating and capital budgets for the next year, usually within the context of a multi-year financial modeling perspective. The process leads to shared understanding, trust, and cooperation across the institution and encourages faculty, students, and staff to generate new ideas for institutional savings or revenue generation.

Learning Objectives

  • Understand the benefits of collaborative budget planning and implementation and convince others of its benefits.
  • Implement a tool for building shared trust and financial responsibility across the institution.
  • Exercise and develop new leadership and communication skills.