Mismanagement of COVID-19 Funding at Green College, New York: A Case Study in Fiscal Incompetence in Higher Education

Abstract

This comprehensive case study scrutinizes Green College’s mishandling of COVID-19 funding and analyzes the pivotal roles of key stakeholders. It begins by establishing foundational principles of fiscal management in higher education, emphasizing robust financial oversight, particularly in times of crisis. Readers will gain insights into Green College’s economic framework and the specifics of its pandemic relief funding allocation. We will meticulously examine the actions of the Chief Financial Officer (CFO), President, board members, and the Chancellor, illuminating their roles in the financial mismanagement.

The study examines the immediate repercussions for stakeholders and provides strategic recommendations to enhance fiscal governance and crisis management in educational institutions. Comparative case studies with exemplary institutions underscore actionable lessons and best practices. Future leaders and readers alike will benefit from understanding the complexities and consequences of fiscal mismanagement, equipping them with practical strategies to navigate similar challenges effectively. This case study serves as a vital resource for aspiring leaders in higher education, providing a roadmap for fostering financial integrity, accountability, and sustainable governance practices in their respective institutions.