solved Read the “Case Study: Bountiful Times at Alpha University,” pp.

Read the “Case Study: Bountiful Times at Alpha University,” pp. 23-26 in Chapter 7 of Budgets and Financial Management in Higher Education.By Day 3Post a summary of the recommendations you would make regarding budget cuts and new investments. Justify your recommendations by considering the criteria you used for setting priorities, the organizational dynamics in play, the institutional mandates, and the expected effectiveness of the strategies. Be sure to support your response with references to this week’s Learning Resources. Required ReadingsGoldstein, L. (2019). College and university budgeting: A guide for academics and other stakeholders (5th ed.). Washington, DC: National Association of College and University Business Officers.
Chapter 11, “Budget Flexibility”Chapter 12, “Institutional Policy Impacts on Budgeting”Focus on strategies for allocating resources and for developing budget flexibility, including the academic, administrative, and revenue factors that affect resource allocation decisionsManaging Tight Budgets, by Higgerson, M., & McCauliff, B. in Department Chair, 20(1). Copyright 2009 by John Wiley & Sons, Inc. Reprinted by permission of John Wiley & Sons, Inc. via the Copyright Clearance Center.Focus on strategies that chairs can employ to successfully meet department revenue needs with tight budgets.Allen, M. T. (2003). The department chair and budget management. American Council on Education Online Resource Center. Retrieved from http://www2.acenet.edu/resources/chairs/index.cfm?section=3&subsection=28Michael T. Allen, professor and chair, Department of Psychology, University of Mississippi. “ The Department Chair and Budget Management.” Written specifically for the ACE Department Chair Online Resource Center. Washington, DC: American Council on Education, 2003.Focus on the need for collaboration and technology in the budget management process.Southerland, W. (2007). The politics of securing campus resources. The Department Chair, 17(3), 1–5 . Retrieved from http://www2.acenet.edu/resources/chairs/index.cfm?section=3&subsection=28 The Politics of Securing Campus Resources. The Department Chair by Southerland, W., in The Department Chair, 17/3. Copyright 2007 by John Wiley & Sons, Inc. Reprinted by permission of John Wiley & Sons, Inc. via the Copyright Clearance Center.Focus on the strategies for managing financial resources.Required Media”Resource Allocation Process” John Palmucci and Larry Goldstein explain various processes involved in financial decision making and planning by focusing on three components: Time, Scope, and Resource. Click on “ Introduction” to hear an explanation of these components. Then click on “Scenario 1” and “Scenario 2” which describe real-world applications. Focus on the flexibility required in financial planning given budget fluctuations and changing conditions.