An Assessment of the Institutional Cost Allocation at the University of Redlands

Alexia G C Vincent, University of Redlands

Abstract

Universities have faced changes in their budgets due to varied economic and social reasons. From the changes in the budgets, universities have had to pay more attention to their means of allocation. The University of Redlands was studied in order to compare its three divisions and altering means of allocation. The College of Arts and Sciences, The School of Education, and The School of Business at the University of Redlands were looked at statistically to determine whether there is a statistically significant difference. Once it was determined, the three divisions were compared with different means of cost allocation based on their revenues, expenditures, and percentage of students. By looking at the outcome of the University of Redlands, it becomes apparent that cost allocation must be looked at in multiple dimensions.