--- title: Post-Admissions Budget Adjustments description: You can't control external factors that affect your budget. But you can create a plan to consider those factors, including headcount, funding and goals. image: https://blog.fundfive.com/hubfs/89_hero.png --- [Skip to content](https://blog.fundfive.com/bereadyformonday/post-admissions-budget-adjustments#main-content) [![fundfive-logo-for-dark-bkgd](https://blog.fundfive.com/hs-fs/hubfs/fundfive-logo-for-dark-bkgd.png?width=1799&height=312&name=fundfive-logo-for-dark-bkgd.png "fundfive-logo-for-dark-bkgd")](https://www.fundfive.com) - [OUR SOLUTIONS](https://www.fundfive.com/) - [CONTACT US](https://resources.fundfive.com/contact-us) - [Strategic Management](https://blog.fundfive.com/bereadyformonday/tag/strategic-management) # Post-Admissions Budget Adjustments ![Post-Admissions Budget Adjustments](https://blog.fundfive.com/hubfs/89_hero.png) - February 20, 2021 ![Rae Taylor](https://app.hubspot.com/settings/avatar/e11da8287de09ecb5ff24f2356d27c6d) [Rae Taylor](https://blog.fundfive.com/bereadyformonday/author/rae-taylor) This year, you many have been caught off guard by budget reductions stemming from state reversions, unexpected attrition, and/or an unforeseen drop in mid-year entry headcount. Let this be the last time. You can't control external factors that affect your budget. But you can create a plan to consider those factors. Starting today, create a budget for next year and consider a 2% reduction, a 5% reduction, and a 10% reduction. Make it real: go line by line through each entry and have a conversation about how to move forward with less. Once you've finished that exercise, consider the inverse: prepare a budget that's 2% higher than your current operating budget. Then what? Deliver your budget to your administration regardless of whether there is a good process in place for budgeting or not.  Strategic planning and budgeting may start with the unknown, but it immediately becomes an exercise in understanding how all functions of an institution are ultimately tied to headcount, funding source(s), and long terms goals. We understand that there are a number of institutions that have less than basic budgeting practices in place. Whether the reasons stem from a lack of good tools or discipline to improve the budgeting process is not the issue. In our personal experience, we have found that sometimes, if you're the only one in the organization that has a process, you can end up leading the process for an entire institution. Be Ready for Monday ## Related Articles [![Looking at the Numbers](https://blog.fundfive.com/hubfs/brfm_lookingatnumbersA.png)](https://blog.fundfive.com/bereadyformonday/looking-at-the-numbers) [Data & Analytics](https://blog.fundfive.com/bereadyformonday/tag/data-analytics) ### [Looking at the Numbers](https://blog.fundfive.com/bereadyformonday/looking-at-the-numbers) February 10, 2021 How sustainable is the cost of your tuition and fees? Let’s first understand the numbers. Recent certified data... 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[Read more](https://blog.fundfive.com/bereadyformonday/not-all-data-is-created-equal) [![Winning team](https://blog.fundfive.com/hubfs/brfm_winningteam.png)](https://blog.fundfive.com/bereadyformonday/building-a-winning-team) [Leadership](https://blog.fundfive.com/bereadyformonday/tag/leadership) ### [Building a Winning Team](https://blog.fundfive.com/bereadyformonday/building-a-winning-team) February 10, 2021 You can hire a great employee, but you can’t hire -- nor build -- a winning team. Reject the analogy of finding puzzle... [Read more](https://blog.fundfive.com/bereadyformonday/building-a-winning-team) [Check all articles](https://blog.fundfive.com/bereadyformonday) Beyond the Classroom ### Discover Long-Term Career Success What could your students be missing in their development? Learn more with our groundbreaking blog series "**Beyond the Classroom".** [Beyond the Classroom](https://blog.fundfive.com/beyond-the-classroom) See More ### Be Ready for Monday Follow us on social media and stay up-to-date on new and featured blog content! [![fundfive-logo](https://blog.fundfive.com/hs-fs/hubfs/fundfive-logo.png?width=300&height=52&name=fundfive-logo.png "fundfive-logo")](https://blog.fundfive.com/) We are a boutique software and services firm based in Wilmington, North Carolina. FundFive was created with the vision of bringing easy-to-use tools to Higher Education that provide indispensable value. If you would like to learn more, please [contact us](https://c-hsv04.na1.hubspotlinks.com/Ctc/UA+113/c-hsV04/MWrCZrRr8_hW2yzdbn2vXRZ2W4jRtpV58KdC8N2F3N2K3qn9gW6N1vHY6lZ3l8W1YkhbN9hdp0DW817RbV9fPqbmW6ZfNmG5Jn-VDVRr0y7588T9vN1KHNGgVPPl8W2Hgb4m4PS5v6W8nCGhC1nd0b-W3TKL7t8lNdVMW1npGDy5F5zQ8W6glvh-63--TjW8V8QQz40tkKYW4NxtPY6vn_PFW40lHMF5LnNwxW5tDTBk4jWNcGW7HlC7S8CZLPhW1hphFv6pzDkMN8vgqNgMMFjbN3tPchthnhN1W4gnDzh6jSb2pW86cM5l2h7pCHW2gNHr141nFNrW9bZDmK53yYQ3f1hm2Kx04) and we would love to chat! # OUR APPROACH [Modern Solutions](http://www.fundfive.com) [Client Resources](http://clients.fundfive.com) # OUR SOLUTIONS [Financial Insights and Budgeting](http://www.fundfive.com/clarity) [Continuing Education Registration](http://www.fundfive.com/register) S[ervice Delivery Framework](http://www.fundfive.com/modern-solutions) # OUR TEAM [Contact](https://resources.fundfive.com/contact-us) [Our Leaders](http://www.fundfive.com/team) [Our Future](http://www.fundfive.com/our-future) - [Home](https://www.fundfive.com) - [Privacy Policy](https://www.fundfive.com/privacy) Powered by HubSnacks [Follow us on Facebook](https://www.facebook.com/FundFive) [Follow us on LinkedIn](https://www.linkedin.com/fundfive) [Follow us on Facebook](https://www.instagram.com/fundfive)