Piedmont University

Universitys student enrolment is in the decline and there has been escalating equal to the point where the university is in a fiscal difficulty, but they inspire the operations by using the composed reserves. Hugh Scott joined as the new President, and immediately he raised the tuition fees and froze efficiency staff hiring. Within one year of operation, he managed to gather up a small operating reserve. Annual expenditure bud pays were submitted by the deans to the chairperson and financial vice president, where faculty coat 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, raise up the departments into profit centers and increase fund raising activities in the community. Malcolms intent created disagreements in some(prenominal) aspects in dealing with administrative costs, gifts and endowments, acrobatics, maintenance, computers, lib rary, cross fitting Problem Identification Departments that typically do not shore in revenue for the university, has created concerns about the operable feasibility universe a profit centres. There were predicament regarding the determination of spare fees and the overall implications in charging supplementitional fees for fashion of the library, computer labs, and athletic facilities. Additional fees will create dissatisfaction among students, and also warn effectiveness student from enrolment. This will contradict with the Universitys objective in attracting likely students.

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

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