This text is part of the "Managing Colleges Effectively" series that is designed for managers at all levels and governors of colleges in the new further education sector who are undertaking new and enhanced management tasks and responsibilities arising out of incorporation. This book is also relevant to similar areas in schools - particularly grant maintained and independent schools - and higher education generally. This is an easy-to-read-and-follow practical book for non-specialist staff who have financial/resource management responsibilities as part of their jobs. It is aimed at the manager at all levels of the institutions and for those who want to know more about college finance and require a practical and comprehensive guide.