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This compendium describes a selection of resource allocation models from across the further and higher education sectors. It will help finance practitioners evaluate their approach and learn from each other’s experiences.
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Resource allocation is one of the tools that directors of finance can use to influence change and to help position their institution to best effect as the United Kingdom emerges from recession.
In future years, institutions will be dealing with the aftermath of the economic downturn as it impacts on public funding. At the same time, student numbers and expectations continue to rise, along with competition for the best staff and resources in a global market.
Whilst the income in further and higher education institutions relates broadly to activities, the cost base is not linked directly with the income. Indeed, the strategic decisions for senior managers often centre on the levels and reasons for cross-subsidy between different activities at different times. In allocating resources to budgetary units, institutions need to ensure that the process complements their academic, staffing, information and communication technologies, commercial, financial and estates strategies. The approach they take to resource allocation will be determined by a range of factors, and result in their own distinctive method.
CIPFA’s Further and Higher Education Panel has responded to these challenges by compiling this revised compendium which describes a selection of existing resource allocation models from across the further and higher education sectors. CIPFA first published Resource Allocation Models in Further and Higher Education: A Compendium in 1997. This version includes four institutions which took part in the original study and three that were new to the process. The study contains a section which explores key themes and provides guidance and advice to be considered alongside the examples shown. This latest edition illustrates that institutions have continued to adopt a wide variety of approaches to resource allocation.
The compendium will be of interest to finance professionals in further and higher education institutions as well as those who have a general interest in further and higher education finance. It provides an excellent opportunity for finance practitioners in colleges and universities to learn from each others experiences.
Resource Allocation Models in Further and Higher Education: A Compendium is available as a fully searchable CD-ROM which will provide a flexible and accessible format. The CD-ROM contains a bookmarked pdf of the publication and comes with a licence for networking to all bona fide employees of the purchasing organisation only. The terms of licences for other categories of purchaser are available on request from CIPFA’s Publications Department at firstname.lastname@example.org
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