Well-developed goals are vital to the budget process and should be coupled with a gap analysis of current state academic achievement.
Best Practices in Community College Budgeting
A. Develop goals to guide the budgeting and planning process. Thoughtfully developed goals that are realistic and measurable provide a strong foundation for the budget process.
B. Identify the gaps between the goals and current state and determine the root causes of those gaps. Conducting a root cause analysis to determine gaps between current performance levels and desired future levels that will aide in focusing solutions to achieve goals effectively.