Budgeting for Sustainability in Higher Education
A statement of an organization’s plans, priorities, goals, and objectives, expressed in financial terms, for a specific period of time (Gibson 2009).
The term sustainability is used to assess a situation, process, or tangible entity that is viable and enduring in the long term.
- Higher Education
Tertiary and post-secondary educational institutions.
- Budgeting for Sustainability in Higher Education
The process of developing, revising, evaluating, and monitoring budgeting policies and operations, budgets, and budget performance for sustainability in tertiary and post-secondary educational institutions.
Many accepted definitions of budgeting conclude that budgeting is for short-term financial planning. For example Merchant (1981) describes budgeting as a system that is “a combination of information flows and...
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