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Business Officer Magazine


News about how your association is a resource for you

Bob Shea Joins NACUBO Staff

Bob SheaBob Shea recently joined NACUBO as senior fellow, finance and campus management. In this newly created position, Shea has primary responsibility for issues related to institutional finance, including debt, treasury, and endowment management, as well as auxiliary operations.

Shea has extensive leadership and management experience in higher education and the military, where he has been responsible for financial management, resource allocation, human resources, strategy development, and implementation of strategic plans. Most recently, Shea was the vice president for administration and finance and chief financial officer at the Community College of Rhode Island (CCRI), New England's largest community college with 18,000 students, 1,200 employees, and a $140 million budget. At CCRI, he was responsible for finance, budget, information technology, human resources, physical plant, security, auxiliaries, risk management, and strategic planning.

Previously, Shea taught courses on leadership, management, economics, organizational behavior, decision making, and resource allocation at the U.S. Naval War College in Newport, Rhode Island. He served in the Navy and was posted around the country and worldwide before he retired as a captain. 

Shea has served on NACUBO's Community Colleges Council and on several EACUBO committees, including service as chair of the program committee for EACUBO's recent annual meeting. He received his MBA from the College of William and Mary, Williamsburg, Virginia; and an M.A. degree in national security and strategic studies from the U.S. Naval War College.

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Updated RCM Book Available

Advance copies of the updated version of the book Responsibility Center Management, first published in 2002, will be available later this month. Coauthors John R. Curry, Andrew L. Laws, and Jon C. Strauss found that the fewer than a dozen institutions that used RCM in 2002 has grown to well over 50institutions self-reporting that they use such a model.

The book includes several case studies explaining the basics of RCM and offers comparisons of this method with the more traditional budgeting models.

For more information, visit

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NACUBO Events Expand Virtual Presence

In an effort to deal with the rising costs of travel and to push forward its sustainability efforts, NACUBO is now offering three online programs that complement its live events.

The fully interactive online events are tied to the Student Financial Services Conference, the Higher Education Accounting Forum, and the NACUBO 2013Annual Meeting. Several sessions from these conferences will be available online. The SFS online event was held March 20; the HEAF event will be held May 29, and the annual meeting event on July 16.

Because the sessions are 100 percent online, you can experience them from the comfort of your own offices. What's even better is that NACUBO is offering your entire team one price. When one person on your campus registers at the full price, other staff can register for free. Each additional attendee must complete the online registration process to have full access to the event.

All online attendees will continue to have access to the content for 90 days. For more information, visit

Additionally, NACUBO recently held these webcasts:

  • Show Me the Money: Cash Management Challenges for a Global University. Learn about the most common trends and challenges related to transferring money into foreign countries and bringing it back, and the CBO's role in managing risks. Find out how you can develop and implement sound business practices and internal controls.
  • Asking the Right Questions and Monitoring Strategic Plans at the Board Level. Experienced professionals discuss the successes and pitfalls they have experienced in dealing with challenges related to an institution's brand, financial resources, intellectual capital, and academic outcomes.

To watch a recording of a webcast, visit the on-demand section of the distance learning page at For more information, contact Tadu Yimam, director, online learning, at

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Revamped IRC Web Site Invites Member Input

NACUBO has launched the redesigned International Resource Center (IRC) Web site at The site offers enhanced content organization and quicker navigation. 

IRC provides information in key areas that institutions need to be aware of when conducting activities abroad. These include cash management, finance, human resources, legal, reporting and compliance, research compliance, and risk management. Specific topics include sending equipment and materials abroad, engaging employees and contractors abroad, spending grant monies, and closing a program. You'll also find country-specific data, including profiles of more than 30 countries, checklists and tools from a variety of institutions, and useful links and resources.

In response to members' requests, the redesigned site includes a section on potential foreign compliance risks associated with study abroad programs for both small and large institutions.

In addition to this site, NACUBO offers webcasts and educational sessions at its annual meeting on specific topics within the international arena. Visit the initiatives section at to learn about other offerings.

NACUBO welcomes additional resources such as articles, presentations, checklists, and tools and templates to add to the IRC as well as feedback on the site. Contact Nancy Maguire, project management specialist, at

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NACUBO Marketing Piece Wins National Award

2013 American Package Design AwardNACUBO's 2012 Annual Meeting exhibitor promotion, "A Monumental Opportunity," has received the 2013 American Package Design Award in the miscellaneous category from Graphic Design USA.

NACUBO worked with Graves Fowler Creative, a graphic design firm, to develop a creative and memorable marketing piece to attract exhibitors to the NACUBO 2012 Annual Meeting, which held special significance as it marked the association's 50th anniversary.

Graphic Design USA, a New York-based newsmagazine for the marketing industry, holds a national competition that dates back to 1963. This year, the competition attracted 1,650 entries from across the nation. It honors well-designed graphics that have the power of design to advance an organization's  brand and forge an emotional connection with the buyer.

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