Question: When creating a budget for a university, the budget process is the same as any other entity with budgets for revenues and expenditures. the budget

When creating a budget for a university,

the budget process is the same as any other entity with budgets for revenues and expenditures.

the budget process is still important, but it is different because it is a not

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for

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profit entity.

the budget process begins with student fees and state contributions for the year. only the expenditures are included in the budget, because a university is a not

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forprofit entity.

When creating a budget for a university, the

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