ACTA's Must-Reads
« ACTA's Intelligent Donor's Guide to College Giving featured in magazine | Main | Tuition costs to climb yet again in Virginia »
South Carolina's institutions march toward fiscal transparency
Transparency.
It's a word that's thrown around quite a bit within higher education -- but rarely sees the light of day. Thanks to Gov. Nikki Haley's signing of the Higher Education Efficiency and Administrative Polices Act, the sun is shining a little brighter over South Carolina's colleges and universities.
Higher ed is big business and that means big money. The University of South Carolina has an operating budget of $1.2 billion. Clemson University's is almost $800 million. That's a lot of money exchanging hands, but the new law demands accountability by requiring institutions to document financial expenditures online. This gives students, alumni, trustees and policymakers a much clearer view of where money is going -- and where it's not. Some schools in South Carolina have already been practicing this solid financial principle, including Clemson. Its 800,000 transactions can already be found online in a user-friendly and searchable database. With clear public records of expenditures, taxpayers can make sure institutions are putting students first.
Posted by dburnett on August 09, 2011 at August 9, 2011 02:47 PM
Trackback Pings
TrackBack URL for this entry:
http://www.goactablog.org/blog/mt-tb.cgi/975
Comments
You pretty much said what i could not effectively communicate. +1
My blog:
Rachat de credit www.rachatdecredit.net
Posted by: Annette at August 13, 2011 10:44 PM