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Events and Programs
Events and Programs

2014 Planning and Budgeting Forum

September 22-23, 2014
The Westin Denver Downtown
Denver, CO

This program has reached capacity, but we encourage you to utilize the waitlist. To place your name on the waitlist, please contact our registrar at 800.462.4916. You will be notified by e-mail if space becomes available. Please see our waitlist policy.


Monday, September 22

7:30 amRegistration & Continental Breakfast
8:30 amWelcome and Introductions

Craig Becker, Yeshiva University

9:00 amWhat’s Your Ethics IQ?: 5 Principles Smart Business Officers Live By

Bruce Weinstein

What is the relationship between ethics and financial management?  When you return to campus from this meeting, how will you be able to lead more effectively?  In this lively, entertaining, and highly interactive session, Dr. Bruce Weinstein, The Ethics Guy, will show how five simple principles help you bring out the best in others and yourself everywhere you go.  You'll leave with a clearer sense of how to advance the economic viability and business practices of your institution.
10:00 amRefreshment Break
10:15 amEvaluating the Financial Contribution of Academic Programs

Ross Koenig, Rochester Institute of Technology

All universities struggle with program creep and related resource allocation issues.  This presentation explores an independent comprehensive institution’s  efforts to create a model that  calculates the financial contribution of each academic program.   In the analysis, revenues are assigned and costs are allocated at the program level to reflect how well each covers its own expense at various levels of responsibility.  The goal of the effort is to advise academic affairs in its resource allocation and program portfolio management efforts.
10:15 amThe Myths and Perils of Looking at Carryforward Balances

Maria Anguiano, University of California, Riverside
Kelly Ratliff, University of California, Davis
Su-Lin Shum, University of California, Davis

How should a university manage its carry-forward balances? This question can be difficult, especially in decentralized environments or after multiple years of budget cuts Within a highly decentralized environment, UC Davis has adopted guidance that allows it to calculate and understand carry-forward balances, identify obligations against these balances, establish a prudent carry-forward margin, build balance discussions into its annual budget process, and make more informed and strategic decisions as a result.  Hear how strong leadership and motivation, solid analysis and a process that engaged campus units strengthened central over sight while giving fiscal units the flexibility they need.
11:30 amLunch
1:00 pmData-driven Planning and Budgeting for Net Tuition Revenue

Michael Frandsen, Oberlin College
Kathy Kurz, Scannell & Kurz, Inc.

A financial aid consultant and chief financial officer explain how predictive modeling and simulations can establish realistic financial aid, enrollment, and net tuition revenue (NTR) targets for incoming students. Also discussed is how this methodology becomes a tool for understanding and communicating budget expectation tradeoffs (for example,  how much does  lowering financial aid costs  impact quality, class size, and total NTR.) In addition, this session will demonstrate the importance of using a cohort-based approach to project the overall financial aid budget, total undergraduate enrollment, and total NTR.
1:00 pmPerformance Measurements – A Shared-governance Budget Reduction Model

Erin Frew, Colorado State University-Pueblo
Brad Gilbreath, Colorado State University-Pueblo
Bruce Raymond, Colorado State University-Pueblo
Carl Wright, Colorado State University-Pueblo

This presentation will describe the process that a comprehensive-doctoral public institution used for recommending budget decisions during a time of significant budget reductions. Hear how the university adopted a process that involved all academic and support units across campus. Attendees will gain insight into ways to maximize transparency and campus-wide participation in budget decisions by analyzing the discovered strengths and weakness of the university’s participatory and outcomes-based approach. Lessons learned will be provided for those considering implementing a collaboratively designed cost-cutting process.
2:15 pmRefreshment Break
2:30 pmMission Achievement Planning

Gordon Jensen, Metropolitan Community College

Metropolitan Community College received reaccreditation this past year and the final report said, “The College should be commended for its systematic approach to institutional planning and resource utilization.” The focus of this presentation is to demonstrate a fairly simple, yet comprehensive way to encourage mission achievement throughout your organization. This session will address the philosophy behind mission achievement planning, explore the challenges discovered, and examine how to keep moving forward to succeed.  Idea sharing and scenarios from attendees will be encouraged to promote and illustrate the spirit of the school’s change efforts.
2:30 pmStrategic Planning as an Iterative and Integrated Process

Adam Gaynor
Evan Kingsley
Edmund Rutkowski, Pratt Institute

Too often strategic planning happens in a vacuum, driven by accreditation requirements, a desire to validate institutional direction already in motion, or ignoring coordination with parallel efforts – like technology, facilities and fundraising planning. This session will walk through a replicable planning process that crossed boundaries to great benefit. In Pratt Institute’s recent case, the campus was saved from a building that shouldn’t have been built; the upshot – investing in initiatives that made sense. Hear how to get a better result: a strategic plan that integrates the best thinking across campus and fosters ownership because it reflects real needs and desired direction.
4:00 pmHow a National Cost Study Can Influence Planning and Budgeting

John Barnshaw, University of Delaware
Michael Cogan, University of Saint Thomas
Christina Hegg, University of Saint Thomas

Using the Delaware Cost Study, this session explores strategies and tactics for (1) integrating data systems, (2) facilitating unit and institutional improvement through benchmarking activities and (3) implementing an integrated approach to planning, which offers several key advantages over traditional systems planning.  Presenters also explore how a tuition dependent institution integrated Delaware Faculty Productivity data and institutional revenue data to develop a comprehensive view of the academic enterprise. Hear the process, see a visual presentation of transformed information, and understand why colleges need to intimately understand their cost structures.  
4:00 pmRetooling Your Financial Reserves

Ben Aase, CliftonLarsonAllen LLP
Deirdre Hodgson, CliftonLarsonAllen LLP
Mathew Prakash, North Dakota State University Main Campus

It’s an age-old question that many have revisited since the last recession: “How much money should my institution have in reserves?” Participants will learn about a data-driven approach to reserves that integrates with a multi-year financial plan. Presenters explore a two-phase, six-step methodology to retooling a public institution’s reserve policy from one that is arbitrary to one based on fact. The case study reflects tactics, tools, and learnings from several experiences – and highlights a financial reserves retooling led by its student affairs division. Attendees will be shown several tools and templates which can be shared electronically after the session.
5:30 pmWelcome Reception

Tuesday, September 23

7:30 amNetworking BreakfastAt this breakfast, we encourage you to wear something from your current college or university or your alma mater. This is a great way to get to know other attendees and show your school spirit! Tuesday is a casual day.
8:30 amBudgeting and Capital Planning Best Practices

Tanya Hahn, Robert W. Baird & Company Incorporated
Duane Kilty, Indiana Wesleyan University
Wallace Wetherill, BKD, LLP

Many institutions struggle with generating operating margins in today’s climate of declining state support,  lower enrollment trends, rising healthcare and technology costs, competition, and tuition discounting pressures. Many budgets often concentrate on next year without including imperatives like strategic objectives, capital or debt. Consequently business officers must proactively engage colleagues and senior management in a budget process designed around need identification, accountability and end results. This session focuses on changing the process to create a more long-term and strategic budget; the goal: financially sound end results that promote growth.  
8:30 amMaximizing Resources for Student Success

Victoria Douglas, Johnson County Community College
Lou Guthrie, Johnson County Community College

Activity-Based Costing provides insight into the cost of activities that lead to desired outcomes. Using activity-based costing, colleges can analyze instructional, student service, and academic support activities. The goal: make effective trade-offs between activities, and evaluate the cost of existing and new programs. Benchmarks can take this one step further by allowing comparison among institutions.  Budgets can then be reshaped for maximum effectiveness. Funded by the Gates Foundation, “Maximizing Resources for Student Success” is a national fiscal benchmarking project for community colleges. The effort collects data for over 50 instructional, academic support and student service activities. Study results are shared with case examples of how the data were used by various community colleges.
9:45 amBreak/Hotel Check-out
10:15 amFrom Conflict to Collaboration: How Going Green Helps Campuses Save, Thrive and Engage

Nancy Pfund, DBL Investors

11:30 amLunch
12:45 pmAchieving Plan Objectives through Decentralized Budgeting

Kathryn D'Angelo, Temple University
Aimee Heeter, Indiana University
Ken Kaiser, Temple University
Douglas Priest, Indiana University

Implementation is critical, strategy is required. Learn how a model that is based on decentralized budgeting can facilitate aligning resources with mission-critical priorities.  It began at Temple University: with no sign of state support increasing, the president and board resolved to make affordable access the highest priority. A “model” was developed that gives leaders timely access to data, simplifies information for decision makers, involves faculty and staff, has credible governance, and uses open and honest communication. While emphasizing leadership commitment, analysis, training, compliance and communication, presenters review the model and how it works at different institutions.
12:45 pmExecuting and Explaining Strategies for Resource Optimization

Paul Castellucci, University of Chicago
David Felsenthal, Huron Consulting Group
Wayland Ng, Huron Consulting Group

Many higher education institutions have to do more with the same or fewer resources. Universities need to optimize resource allocation in order to meet the long term objectives of the university. In turn, creating the need to prioritize strategic institutional objectives and maximize the return of available funds. This session explores how the University of Chicago successfully planned and executed their future growth through evaluating strategic institutional objectives, aligning short-term decisions with long-term objectives, and effectively communicating financial strategies to the board.
2:15 pmStrategic Planning for Campus Sustainability

Sally Grans Korsh, NACUBO
John Riley, Arizona State University

Most know that energy efficiency, water conservation and other environmentally sustainable goals are also sound financial goals. This session will highlight how Arizona State University has successfully advocated for and justified its environmental objectives. This case study explores how an institution has redefined economic success with data and stakeholder buy-in, while strategically planning and finding various sources of funding for difficult and long payback projects.  The session concludes with diverse funding examples from other campuses.  
2:15 pmThe Accounting of RCM

Andrew Laws, Huron Consulting Group
Craig Woody, University of Denver

Recent financial challenges have placed increased focus on institutional resource management, planning and budgeting functions, and as a result, many higher education institutions are turning to Responsibility Center Management (RCM) for resource allocation decisions. While much has been written about RCM, the questions raised in accounting circles are often overlooked. This session will attempt to fill that void by reviewing questions raised by controllers at newly minted and mature RCM institutions. Sample topics include cost allocation methods, general ledger reporting, fund balances, “taxing,” debt payments, and depreciation.
3:30 pmProgram Adjourns

Program Overview

2014 Planning and Budgeting Forum
September 22-23, 2014

Fees (Early bird ends 8/25/2014)

  • Member Early Registration: $725.00
  • Member Standard Registration: $775.00
  • Non-Member Early Registration: $875.00
  • Non-Member Standard Registration: $925.00

Estimated CPEs:12



Carlson Management Consulting


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NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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