Piedmont University

Universitys student enrolment is in the decline and there has been escalating live to the point where the university is in a fiscal difficulty, but they go the operations by using the composed reserves. Hugh Scott joined as the new President, and immediately he raised the tuition fees and froze energy staff hiring. Within one year of operation, he managed to stash a small operating reserve. Annual expenditure bud pays were submitted by the deans to the chairperson and financial vice president, where faculty surface 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, agitate the departments into profit centers and increase fund raising activities in the community. Malcolms proposal of marriage created disagreements in some(prenominal) aspects in dealing with administrative costs, gifts and endowments, athletics, maintenance, computers, li brary, cross registration Problem Identification Departments that typically do not require in revenue for the university, has created concerns about the operable feasibility organism a profit centres. There were predicament regarding the determination of supernumerary fees and the overall implications in charging playitional fees for fashion of the library, computer labs, and athletic facilities. Additional fees will create dissatisfaction among students, and also warn latent student from enrolment. This will contradict with the Universitys objective in attracting potential students. Functionality on how to charge students library fees and other specifics whitethorn add additional administrative expense instead of reduction it. some other than controls on faculty size and salaries, there are no budgetary controls on other expenditures. In fact, other expenses were O.K. at the desecration of the schools. Maintenance and central administration expenditures may not d irectly affect the students fees but it is s! ubstantial ascribe to the respective(prenominal) schools. Profit Centre; As suggested, converting to profit centres will take a leak each... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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