Piedmont University

Universitys student enrolment is in the decline and there has been escalating body forth to the point where the university is in a fiscal difficulty, but they bear upon the operations by using the composed reserves. Hugh Scott joined as the new President, and immediately he raised the tuition fees and froze ability staff hiring. Within one year of operation, he managed to accumulate a small operating reserve. Annual expenditure bud pays were submitted by the deans to the chairperson and financial vice president, where faculty size of it and salary, adhering to the budget is stressed. Neil Malcolm, Piedmont alumnus, reviewed the financial situation and suggested that the University should increase student recruitment, reorganise the departments into profit centers and increase fund raising activities in the community. Malcolms object created disagreements in some(prenominal) aspects in dealing with administrative costs, gifts and endowments, gymnastics, maintenance, c omputers, library, cross enrolment Problem Identification Departments that typically do not pick out in revenue for the university, has created concerns about the operable feasibility being a profit centres. There were predicament regarding the determination of tackitional fees and the overall implications in charging additional fees for fashion of the library, computer labs, and athletic facilities. Additional fees will create dissatisfaction among students, and also warn voltage student from enrolment. This will contradict with the Universitys objective in attracting dominance students.

Functionality on how to charge students library fees and o! ther specifics whitethorn add additional administrative expense instead of reduction it. other than controls on faculty size and salaries, there are no budgetary controls on other expenditures. In fact, other expenses were sanctioned at the desecration of the schools. Maintenance and central administration expenditures may not directly affect the students fees but it is substantial impute to the respective(prenominal) schools. Profit Centre; As suggested, converting to profit centres will attract each... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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