May 1, 2017
Trump Tax Proposal Could Significantly Impact Charitable GivingTrump Tax Proposal Could Significantly Impact Charitable Giving
The president’s one-page tax proposal outline would double the standard deduction, effectively lowering the number of filers who itemize their tax returns. Many charitable organizations are concerned about the potential impact on giving.

Proposed Audit Requirement Delayed Until 2018

Following NACUBO’s advocacy efforts on behalf of colleges and universities, the Office of Management and Budget has agreed to delay implementation of the proposed Safeguards Rule audit objective.

NACUBO and GASB Discuss Operating Revenues and Expenses

Members of NACUBO’s Accounting Principles Council recently met with Governmental Accounting Standards Board representatives to discuss what public institutions’ financial statement users need operating and non-operating revenues and expenses to convey. The conversation was meant to inform GASB’s Reporting Model Reexamination Project.

2015-16 Key Facilities Metrics Survey Results Now Available

More than 325 institutions participated in the third annual survey on basic energy consumption. Both participants and nonparticipants can access takeaways from the results.

State and Local Support for Higher Education Drops Slightly in FY16

Total state and local government funding for higher education institutions fell to $90.5 billion in FY16 from $90.9 billion in FY15, according to the State Higher Education Finance (SHEF) report. State government appropriations dipped slightly, while funding from local governments increased.

Trump Executive Order Takes Aim at H-1B Visa Program

In an attempt to end "the theft of American prosperity," President Donald Trump issued an executive order on April 18 that directs federal agencies to propose new rules related to protecting the interests of American workers. It also singles out the H-1B visa program for reform.

New NCES Report Tracks Student Loan Borrowing of Great Recession Graduates

Among borrowers who earned bachelor’s degrees in 2007-08 and did not subsequently borrow money for graduate school, 17 percent had paid off their debt by 2012, and those still in repayment owed an average of $24,200, according to a new report from the National Center for Education Statistics.

What Did I Miss in Washington? April 17-May 1, 2017

For business officers who need to be in the know, read on for a rundown of political developments NACUBO is following.

Submit Proposals Soon to Share Best Practices

NACUBO is seeking session proposals for two upcoming programs, both taking place in Portland, OR. By submitting a proposal to present, you’ll help us shape the programming with your expertise and best practices! Proposals for the 2017 Tax Forum, October 22–24, are due May 5; the 2017 Global Operations Forum, October 24–25, is accepting submissions through May 12.


2017 Higher Education Accounting Forum

May 7-9, 2017
Austin, TX

There’s still time to register to join us next week for this popular event for accounting professionals. Explore the full schedule of sessions for a preview of what you’ll learn and register today!

Update to Strategic Financial Analysis in Higher Education, 7th Edition: Corrections and Clarifications

Recorded on Thursday, May 25, 2017 1:00PM ET

Join us for a webcast with the authors of the Strategic Financial Analysis in Higher Education series as they discuss changes and clarify concepts in financial reporting and management. You’ll gain a better understanding of core financial ratios, review how accounting changes impact calculations, and more. Register today!

This program is supported by Crowe Horwath.


 

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