Abstract
This paper illustrates the issues and implications of involving stakeholders in budgetary planning in a self-financing university which provides open and flexible education – The Open University of Hong Kong (OUHK). The budgetary planning mechanism of the OUHK is characterised by having multiple administrative levels and involves multiple stakeholders. The heads of academic units are invited to identify new programmes or the expansion of existing ones and project student number for the coming academic year; and the heads of administrative units are required to estimate the expected expenditure for each financial year. It is demonstrated that the involvement of stakeholders in the budgetary process facilitates the development of a realistic budget for meeting operational needs and sustaining the growth of the university.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ambe-Uva, T., & Adegbola, E. (2009). Open flexible learning as a strategy for enhancing human security in Nigeria. International Journal of Education and Development Using Information and Communication Technology, 5, 148–156.
Brimley, V., Verstegen, D. A., & Garfield, R. R. (2012). Financing education in a climate of change (11th ed.). Boston: Pearson.
Capaldi, E. D. (2011). Budget cut and educational quality. Academe, 97, 10–13.
Garner, C. W. (2004). Education finance for school leaders: Strategic planning and administration. Upper Saddle River, NJ: Pearson.
Glover, D., & Levačić, R. (2007). Educational resource management: An international perspective. London: University of London.
Levačić, R. (2000). Linking resources to learning outcomes. In M. Coleman & L. Anderson (Eds.), Managing finance and resources in education (pp. 3–23). London: Paul Chapman Publishing.
McAleese, K. (2000). Budgeting in schools. In M. Coleman & L. Anderson (Eds.), Managing finance and resources in education (pp. 132–147). London: Paul Chapman Publishing.
Mestry, R., & Naidoo, G. (2009). Budget monitoring and control in South African township schools. Educational Management Administration & Leadership, 27, 107–125.
Weindling, D. (1997). Strategic planning in schools: Some practical techniques. In M. Preedy, R. Glatter, & R. Levačić (Eds.), Educational management: Strategy, quality and resources (pp. 218–233). Buckingham: Open University Press.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Lee, L.Y.K. (2018). Budgetary Planning for Self-Financing Open and Flexible Education. In: Li, K., Yuen, K., Wong, B. (eds) Innovations in Open and Flexible Education. Education Innovation Series. Springer, Singapore. https://doi.org/10.1007/978-981-10-7995-5_3
Download citation
DOI: https://doi.org/10.1007/978-981-10-7995-5_3
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-7994-8
Online ISBN: 978-981-10-7995-5
eBook Packages: EducationEducation (R0)