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Business Officer Magazine
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NACUBO Notes

News about how your association is a resource for you

Hear Top-Notch Finance Professionals at Endowment and Debt Management Forum 2014

Three well-known finance veterans are among the speakers who will address attendees at NACUBO's Endowment and Debt Management Forum 2014 to be held February 5-7, at the Waldorf Astoria in New York City.

  • Sam Stovall, chief equity strategist, S&P Capital IQ's Equity Research Group, will discuss his investment outlook for 2014 based on his assessment of stock market history, economic projections, fundamental forecasts, and technical trends, in a presentation, "Outlook 2014: Is It Time to Buy or Bail?" He will address questions such as when the global economic recovery will gather steam; whether 2014 will be a repeat of 1994, when the federal government raised short-term rates six times; whether revenue growth will finally contribute to increases in earnings per share; whether valuations are compelling, attractive, or stretched; and what the four-year cycle low is and if it will occur again in 2014.
  • Ronald G. Ehrenberg, Cornell University, will discuss the growing inequality of financial resources, including endowments, across higher education institutions, in a presentation, "The Golden Age of Higher Education Institutions Is Over?" He will also discuss how the financial models-under which both private and public higher education operate-are breaking down, and the steps that institutions are taking and must take in the future to remain financially solvent.
  • Nancy Pfund, founder and managing partner, DBL Investors, will outline how DBL invests in companies that deliver top-tier venture capital returns and enable social, environmental, and economic benefits. Her presentation is titled "Beyond Campus Conflict: How Impact Venture Capital Can Address Student Concerns While Furthering Endowment Investment Goals."

For more information about the Endowment and Debt Management Forum 2014, visit the Events and Programs section at www.nacubo.org.

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NACUBO Strategic Plan Reviewed

At its July meeting, the NACUBO Board of Directors reviewed plans for operationalizing a newly adopted 2014–16 Long-Range Strategic Plan. The plan is intended to be both a continuation and update of the goals and priority objectives set in the previous plan. It contains several major refinements that reflect changes in the higher education landscape and the need to assist business officers in addressing the challenges arising due to these changes.

Under the new plan, NACUBO will:

  • Explore how current business models should change and how business officers can help lead their institutions in adopting them.
  • Direct advocacy efforts toward communicating the value of higher education to an increasingly skeptical public and to corporate and legislative communities.
  • Focus on developing leadership competencies to address the needs of next-generation business officers.

A complete version of the plan is available at the NACUBO Web site under the About NACUBO tab.

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Take Advantage of Electronic Options

NACUBO has made it easier for you to access useful information digitally.

  • The association's Responsibility Center Management, A Guide to Balancing Academic Entrepreneurship With Fiscal Responsibility, is now available in an electronic format for the Amazon Kindle and the Barnes & Noble Nook.

In this revised second-edition book, coauthors John R. Curry, Andrew L. Laws, and Jon C. Strauss describe techniques institutions can use to implement responsibility center management. With the right design and active management, RCM can live up to its promises of clarifying roles and responsibilities between local and central units.

Links to purchase the e-reader and print editions can be found under the Products tab at www.nacubo.org.

  • Now you can access comprehensive, up-to-date information on auditing and accounting and reporting through two online subscriptions.

The Financial Accounting and Reporting Manual (FARM) contains articles that analyze authoritative guidance issued by both the Governmental Accounting Standards Board and the Financial Accounting Standards Board. Articles are augmented with industry conventions and examples of financial accounting and reporting for colleges and universities.

The Federal Auditing and Information Service (FAIS) incorporates relevant federal regulations, Office of Management and Budget circulars, industry audit guidance, federal audit findings, and practical examples for public and independent colleges and universities subject to federal audit and research requirements.

Both FARM and FAIS are available through your MyNACUBO profile. Benefits include online access, institutionally based price, an annual billing cycle, and monthly updates.

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NACUBO to Cosponsor Compliance Symposium

NACUBO is cosponsoring a symposium and CLE workshop organized by the National Association of College and University Attorneys. The Higher Education Compliance Programs and Obligations Workshop will be held Nov. 6–8, 2013, in Washington, D.C. 

This first-of-its-kind program will feature a symposium where thought leaders—including college presidents, higher education association executives, and legislative policy experts—will talk about the big picture of compliance.

The two-day program will also feature workshop sessions and discussion groups. For more details, visit www.nacua.org/meetings/november2013.  

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