Research On The Budgeting Of A University Based On Stakeholders' Perspective

Budgeting refers to the budget activities of each organization or unit that establishes an annual plan for raising and allocating budget funds.The development of organization s depends on the interaction with stakeholders.As typical stakeholder organization,universities have a variety of interests.The characteristics of the organization is assuming a wide range of social responsibility,having a diverse source of resources,complex governance networks and so on.The budgeting of universities is the way that stakeholders implement the rights and responsibilities,which affects the distribution of power and resources in universities.Therefore,the theory of stakeholders is of great significance for the study of budget preparation.This article selects A university as research object and finds that the government,managers,and staff are the main participants in the budget management.The government departments externalize the budget through the introduction of relevant laws and regulations such as the Budget Law.Administrators represented by the principals have the final decision-making power over any decision-making program in the university,and are responsible for advancing the overall development of the university.Different faculty and staff assume different budgeting responsibilities because they are dispersed in different departments.The Ministry of Finance,as the executing agency of budget preparation,undertakes the task of advancing the budget preparation process.Other departments and colleges need to prepare the basic information for the budget.The government's regulations have successfully guided the procedural and methodological shaping of the A budgeting at this stage.However,the irrationality of the participation of stakeholders,such as managers and faculty members,has also led to deficiencies of the scientific and rational nature of budgets.A university fails to measure the needs of stakeholders in the goals comprehensively,and there is not reasonable budget process to participate.Stakeholders fail to pay attention to their own responsibilities in the preparation of the budget,and the most of them lack ability to prepare budgeting properly.Based on the above analysis,this paper believes that A university should pay full attention to stakeholders in the preparation of budgets,enhance the professionalism of stakeholders and establish budget management committees composed of different stakeholders to design new budget preparation processes.