What three causes does the article, “Ashland University Taking Steps to Deal with Budget Deficits” give for operating budget deficit?
Prompt: In a two- to three-page short paper, you will review the article Ashland University Taking Steps to Deal With Budget Deficit, which addresses the importance of managing operating budgets to address and/or avoid budget deficits.
Specifically, the following critical elements must be addressed:
Identify three major causes, from the article, for the operating budget deficit
Address whether these causes are relevant and can exist today
Based on readings and research, describe what strategies might be employed to deter such causes in the future. Consider the following questions: Arecertain causes inevitable and assured and, if so, should they be built into the budget during the initial planning process?
Rubric is attached. Article is linked in the rubri
The development of the financial analysis at Ashland University generates some collaborative plans in terms of the operating budget of the organization. The operating budget analysis indicates that there is a deficit of $3 million with the operation of the organization. The deficit of the operating budget of the Ashland University is caused by the following issues.