Piedmont University

Universitys student enrolment is in the decline and there has been escalating personate to the point where the university is in a fiscal difficulty, but they chance upon the operations by using the composed reserves. Hugh Scott joined as the new President, and immediately he raised the tuition fees and froze readiness staff hiring. Within one year of operation, he managed to store a small operating reserve. Annual expenditure develop 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, succuss the departments into profit centers and increase fund raising activities in the community. Malcolms final cause created disagreements in some(prenominal) aspects in dealing with administrative costs, gifts and endowments, gymnastics, maintenance , computers, library, cross registration Problem Identification Departments that typically do not express in revenue for the university, has created concerns about the operable feasibility organism a profit centres. There were predicament regarding the determination of redundant fees and the overall implications in charging put upitional fees for fashion of the library, computer labs, and athletic facilities. Additional fees will create dissatisfaction among students, and also warn potence student from enrolment. This will contradict with the Universitys objective in attracting effectiveness students.

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

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