Talking Stick - July/August 2009 - 26
business the number of buildings, the programmatic elements, and whether there is a conference or dining operation in the budget.” With all these factors at play, it becomes necessary to focus on the commonalities and work from there. At the core of any budget are revenue and expenses. Revenue generally depends upon occupancy, the number of students living in campus housing. This number is crucial in the budget planning process, as it translates into the total revenue for the year. On the other side of the equation are expenses, which can vary. There are generally fixed and variable costs in any budget; the fixed costs represent expenses that generally remain the same from year to year, while variable costs can vary as conditions change. For many institutions, bond payments represent a fixed cost; these payments are often set for 30-40 year periods ad may 09.pdf 1 14/05/09 and are an expense over which a budget manager has no control. Variable costs can include money for various programmatic elements for students and staff. amount of impact on the consumers – the students. Being cautious in the face of budget cuts or reductions can avoid decisions that will conflict with the goal of meeting consumer needs. Most strategic planning and budget management is accomplished at a senior housing officer level, but entry-level and mid-level professionals should also understand budget issues. A few suggestions for becoming more budget savvy are to find Webinars or online courses dedicated to budget issues or to secure an internship in a finance office on campus. Perhaps the most helpful source is the senior housing officer, who can explain the big picture and how all the dots are connected in the journey from concept to consumer. ts Chris McKenzie Willenbrock is the residence director for the Pierpont/Moore Cluster at the University of Massachusetts, Amherst. meeting Consumer neeDs Once a budget has been conceptualized and grounded in a strategic plan, filled out with specific figures, and approved, the real work begins: meeting students’ needs through such things as quality maintenance, programming, staff support, and safety measures. Since revenue depends upon occupancy, it is important for students to see their money at work and to have a clear understanding of the budget process. In tough economic times, when budget cuts increase, it is still crucial to fully assess consumer needs and to PMmake budget decisions with the least 7:59 Affordable. Customized. Scalable. C M Y CM MY CY CMY : K
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Talking Stick - July/August 2009
Table of Contents for the Digital Edition of Talking Stick - July/August 2009
Talking Stick - July/August 2009
Contents
Online Now
Vision
Just In
Your ACUHO-I
Transitions
Res Life
Facilities
Business
Calendar
The Other Side of the Street
Courting Change in Judicial Affairs
Conversations
First Takes
Reporting Out
Welcome
Snapshot
Talking Stick - July/August 2009 - BB1
Talking Stick - July/August 2009 - BB2
Talking Stick - July/August 2009 - Talking Stick - July/August 2009
Talking Stick - July/August 2009 - Cover2
Talking Stick - July/August 2009 - 1
Talking Stick - July/August 2009 - 2
Talking Stick - July/August 2009 - Contents
Talking Stick - July/August 2009 - Online Now
Talking Stick - July/August 2009 - 5
Talking Stick - July/August 2009 - Vision
Talking Stick - July/August 2009 - 7
Talking Stick - July/August 2009 - Just In
Talking Stick - July/August 2009 - 9
Talking Stick - July/August 2009 - 10
Talking Stick - July/August 2009 - 11
Talking Stick - July/August 2009 - 12
Talking Stick - July/August 2009 - Your ACUHO-I
Talking Stick - July/August 2009 - Transitions
Talking Stick - July/August 2009 - 15
Talking Stick - July/August 2009 - Res Life
Talking Stick - July/August 2009 - 17
Talking Stick - July/August 2009 - 18
Talking Stick - July/August 2009 - 19
Talking Stick - July/August 2009 - Facilities
Talking Stick - July/August 2009 - 21
Talking Stick - July/August 2009 - 22
Talking Stick - July/August 2009 - 23
Talking Stick - July/August 2009 - Business
Talking Stick - July/August 2009 - 25
Talking Stick - July/August 2009 - 26
Talking Stick - July/August 2009 - Calendar
Talking Stick - July/August 2009 - The Other Side of the Street
Talking Stick - July/August 2009 - 29
Talking Stick - July/August 2009 - 30
Talking Stick - July/August 2009 - 31
Talking Stick - July/August 2009 - 32
Talking Stick - July/August 2009 - 33
Talking Stick - July/August 2009 - 34
Talking Stick - July/August 2009 - 35
Talking Stick - July/August 2009 - Courting Change in Judicial Affairs
Talking Stick - July/August 2009 - 37
Talking Stick - July/August 2009 - 38
Talking Stick - July/August 2009 - 39
Talking Stick - July/August 2009 - 40
Talking Stick - July/August 2009 - 41
Talking Stick - July/August 2009 - 42
Talking Stick - July/August 2009 - 43
Talking Stick - July/August 2009 - 44
Talking Stick - July/August 2009 - Conversations
Talking Stick - July/August 2009 - 46
Talking Stick - July/August 2009 - 47
Talking Stick - July/August 2009 - 48
Talking Stick - July/August 2009 - First Takes
Talking Stick - July/August 2009 - Reporting Out
Talking Stick - July/August 2009 - 51
Talking Stick - July/August 2009 - 52
Talking Stick - July/August 2009 - 53
Talking Stick - July/August 2009 - Welcome
Talking Stick - July/August 2009 - 55
Talking Stick - July/August 2009 - Snapshot
Talking Stick - July/August 2009 - Cover3
Talking Stick - July/August 2009 - Cover4
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