Budgeting has assumed a new importance as many colleges and universities are facing the sobering question of whether existing services and staffing levels can be sustained. The fourth edition is an invaluable tool in helping new academic administrators and faculty members understand how an institutions' budget goes beyond mere numbers to define what an institution is all about and the significance of the budgeting process especially with fewer resources to allocate. Larry Goldstein, president of campus strategies along with members of the budgeting advisory publications committee, have worked diligently to offer readers an introduction to budgeting, economic and political factors affecting the process, budgeting in difficult financial times and the role of the Board in applying various budgeting approaches.
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