Department Budget Plan

  Order Description       The English department has hired a new faculty member and chosen a technology plan. Those revenues and expenses are added to the department budget. Now expenses must be reduced to reach the institutionally mandated budget goals for the department and all units of the university. To prepare: Review the department budget data in the English Department Revenues and Expenses document. Analyze the department budget data trends for 3 years. Look at which expenses have increased over the years that could be reduced. The department expenses exceed revenues, so you need to cut expenses by 10%. Apply budgeting principles to prioritize department expenses to reallocate or reduce resources to reach your financial goals.   Review the Grand City English Department Budget. Determine the approximate dollar amount that will need to be cut to achieve the 10% reduction. Provide a description of where your budget cut recommendations would occur and why you made these choices.