|NACUBO's Comments Focus on Scope of Proposed Topics for Negotiated Rulemaking|
On June 4, NACUBO submitted written testimony to the Department of Education outlining several areas of concern regarding topics the agency is considering for negotiated rulemaking later this year. More recently, ED announced a new negotiated rulemaking effort specifically focusing on gainful employment programs.
New NCES Report Details Trends in Tuition and Fees and Degrees ConferredTuition and fee prices rose by 7 percent at public four-year and two-year colleges between academic year 2010-11 and 2012-13, according to a new report from the National Center for Education Statistics. Despite these tuition increases, the number of degrees awarded by American higher education institutions rose from 3.55 million to 3.7 million from 2010-11 to 2011-12.
SEC Seeking Comments on Proposed Rules for Money Market FundsThe Securities and Exchange Commission on June 5 proposed rules that would reform the way money market funds (MMF) operate. According to the Wall Street Journal, the money market mutual fund industry has $2.6 trillion under management. The long-awaited proposals are the result of intensely debated alternatives within the SEC and the federal government, and lobbying by the MMF industry.
EPA Revises Rules for Non-Gas Fired BoilersColleges and universities with oil, biomass, and coal-fired boilers will need to comply with new rules issued by the Environmental Protection Agency by providing notifications, completing energy assessments, and conducting periodic tune-ups. Catch an overview of the requirements in a free webinar from EPA.
FASB Issues Investment Company StandardOn June 7, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-08, “Financial Services-Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements.” The standard is effective in FY15 and, although it does not directly affect independent institutions and the not-for-profit foundations that hold endowment investments for public institutions, it may affect them nonetheless.
NACUBO 2013 Annual Meeting
NACUBO 2013 Annual Meeting
Attend this dynamic event to improve your skills, enhance your knowledge, and expand your professional network. This premier event features professional development specific to the business of higher education, extensive networking opportunities, innovative speakers, and vendors committed to higher education. Visit www.nacuboannualmeeting.org for more information, a complete list of educational sessions, and to register.
Online Learning Events
Improve Your NFP Audit and Accounting Guide IQ
This timely webcast will explain and provide practical guidance for generally accepted accounting principles that are most relevant to independent colleges and universities.
NACUBO's Annual Meeting Online
View 15 sessions from the NACUBO Annual Meeting through an online platform on Tuesday, July 16 from 10:00am — 5:00 pm ET. Invite your entire team to participate in this self-paced event for one price.
International Resource Center
Did you know that the International Resource Center has country profiles for over 30 countries on seven continents? The profiles can assist you with banking, employment, registration requirements, and tax regulations in each of these countries. Take advantage of this resource as you plan your global activities.
Federal Auditing Information Service (FAIS)
Financial Accounting and Reporting Manual (FARM)