Responsibility Center Management: A Budget Model for Your University
John Curry, Andrew Laws
Colleges and universities are facing a new era of constrained resources because of multiple factors, including cutbacks in state and federal funding, limited growth in tuition revenue, decreases in research funding and increased financial aid to students.
Many universities are responding by looking anew at the way they structure their budgets, trying to assure they are being as efficient and effective as possible, with proper incentives, and reducing costly duplication of services.
Responsibility Center Management (RCM) is one budget model that has been getting increasing attention at some universities — it promises increased transparency and clarified roles and responsibilities between local and central units. It also couples responsibility with authority, and links cause and effect through revenue and indirect cost allocations.
Huron managing director Andrew L. Laws teamed with John R. Curry and Jon C. Strauss, the president of Manhattanville College, to write the fully revised second edition of Responsibility Center Management, A Guide to Balancing Academic Entrepreneurship With Fiscal Responsibility.
The book is published by the National Association of College and University Business Officers (NACUBO) and available for order through its Website.Contact Us