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In the May issue of Business Officer magazine, discover what college and university leaders are discussing today. With more than 26,000 decision-makers in a $400 billion higher education Business Officer magazine remains a required read for business and finance leaders in higher education.

Self-Funding Sustainability. As campuses large and small continue exploring energy efficiencies, many are self-funding to support systematic savings. Once plans are implemented, the resulting payback from energy-cost savings continues the cycle. The article describes what campuses are doing to self-fund a broad range of energy initiatives. Among other campus sources, participants of the Sustainable Endowments Institute's Billion Dollar Green Challenge will share the details of their particular fund, including when the institution launched the fund; the initial amount invested; the kinds, size, and scope of projects the fund supports; the selection process; payback requirements; and the accomplishments to date.

Office Takeover. A wave of retirements at the CBO level means not only passing the torch to a successor, but also passing leadership on to the next generations. With different work ethics and approaches, demands for work-life balance, and other preferences, these future leaders don't follow the typical paths of the workforce of the past. An interview with Sarah Sladek, author of Knowing Y: Engage the Next Generation Now; and advice from individuals who have self-identified as future business officers, help explain what it all means for your institution's professional development and succession plans.

Law-Abiding Labs. With universities today vying for government or industry contracts, looking for other collaborative opportunities, and sometimes expanding abroad with satellite campuses, limitations may be imposed on related research agreements that involve what the United States government deems "exports." For example, U.S. technology or technical data provided to a foreign national, wherever located, is subject to export laws and regulations. As institutions weigh the competing interests of academic freedom and regulatory issues relevant to research, experts advise careful review of U.S. export controls. Find out ways to craft a customized compliance program that follows protocols-and avoids penalties.

Aligning Budget With Curriculum. When Columbia College Chicago, set out to conduct a thorough analysis of current academic operations-to understand both the revenue sources and types of expense for each unit-budget officers realized that this financial review process would be more effective if it included a simultaneous curriculum audit. The expanded process revealed that the allocation of an academic department's budget was not related to costs of course delivery, changes in the number of majors, and other factors. The adoption of a centralized financial function helped streamline operations and identify wasteful practices. It also created alignment between budget and institutional priorities and decreased tension associated with the budget process. Eventually, the college aligned the budget cycle with the academic calendar and admissions cycle, to educate faculty on the ways the budget supports curriculum-not the other way around.

The final deadline to reserve your advertising space in the May issue is Friday, April 10, as long as space remains available. Materials are due no later than April 17. You can find our 2015 Marketing kit.


Latosha McNeal
Manager, Business Development