Higher Education Finance: Choose an educational institution with which you are familiar. Then, analyze the finances of the institution to determine how much money it spends each year and where that money is coming from and what its leadership invests in developing those revenue sources. For this purpose, use any documents that the institution makes public, and with officials from the college and any other sources, you might find about the budget. Create a presentation where you discuss the financial position of the higher education institution that you chose (one to which you are familiar). Using the readings from this week and the literature you have gathered, suggest ways in which the institution could enhance the amount of funding it receives from each of the five sources (government aid, grants and contracts, philanthropy, auxiliary enterprises, and tuition and fees) and what would have to be done to enhance funding from each. Finally, prioritize the investment you would make in mining each revenue stream based on their potential, as well as the investment you would make in each area based on that area’s potential to enhance the financial health of the institution of higher learning. In addition to the items above, be sure to tie in the following concepts.1. 1. The economic/political environment in which budget development occurs.2. 2. Funding streams for higher education.3. 3. Resource allocation and budget contingencies.4. 4. Budget strategies.5. 5. Financial dilemmas.References: Include a minimum of three scholarly resources.
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