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The Commission staff reviewed the institutional performance accountability reports submitted by each public college and university and prepared a consolidated report. This report appears in two volumes. Volume 1 contains the following: (1) an overview of the history and major features of the accountability process; (2) the assessment of the Commission regarding the outcome of the year's accountability effort by the public campuses; (3) an examination of cost containment activities at the public campuses; (4) the responses of the public colleges and universities to questions raised by the Commission bout their progress toward benchmarks on selected indicators and objectives; and (5) one-page profiles for each public college and university containing a short campus description and data and benchmarks on key indicators.
Identifies the ways that politics enters into the creation of performance measurement systems, the selection of the official and unofficial aims of such systems, the selection of performance criteria and measures, the interpretation of findings, the responses to such findings and the implications of performance reporting.
The Department?s financial statements, which appear on pp. 115?119, received an unqualified audit opinion issued by the independent accounting firm of Ernst & Young LLP for the third consecutive year. Preparing these statements is part of the Department?s continuing efforts to achieve financial management excellence and to provide accurate and reliable information that is useful for assessing performance and allocating resources. Department management is responsible for the integrity and objectivity of the financial information presented in the financial statements. The financial statements presented in this report have been prepared from the accounting records of the Department of Education in conformity with generally accepted accounting principles (GAAP) in the United States. GAAP for federal entities are the standards prescribed by the Federal Accounting Standards Advisory Board (FASAB). Balance Sheet. The Balance Sheet presents, as of a specific point in time, the economic value of assets and liabilities retained or managed by the Department. The difference between assets and liabilities represents the net position of the Department.
This document is volume 2 of a report measuring the performance of Maryland's public colleges and universities based on a series of quality indicators which are grouped into categories of quality, effectiveness, access, diversity, and efficient allocation of resources. Public campuses developed benchmarks, or goals to measure their performance for each indicator. It also contains Institutional Performance Accountability Reports on individual: (1) community colleges; (2) comprehensive liberal arts colleges and universities; and (3) research universities throughout the state. A detailed list of the indicators with definitions is provided, along with guidelines for Benchmarks, and Institutional Performance Accountability format guidelines.