NACUBO has issued an advisory that addresses FASB Topic 606 (Revenue from Contracts with Customers). NACUBO’s guidance focuses on tuition agreements with students, but the concepts are equally applicable to all revenues from contract with customers.

In comments on the Governmental Accounting Standards Board’s Preliminary Views on financial reporting model improvement, NACUBO supported the proposed operating results display and asked for an improved definition of subsidy revenue.

The Governmental Accounting Standards Board issued a proposed Implementation Guide to assist with Statement 84, Fiduciary Activities.

The National College Access Network updates its tools to increase FAFSA completion, NACUBO reminds private colleges about new financial responsibility requirements, and more.

The Department of Education’s recent proposal to revamp investigations of campus sexual assault is one of the most controversial that has been put forth by the Trump administration to date. NACUBO joined 60 other higher education associations to support comments submitted to the department by the American Council on Education that highlighted the proposed rule’s positive aspects and areas of concern.

The ongoing budget stalemate makes it unclear how policymakers will tackle other unfinished legislative business on Capitol Hill in 2019 (ranging from tax extenders and technical corrections to addressing a debt-limit hike). Surprisingly, lawmakers on both sides of the aisle are optimistic about reauthorization of the Higher Education Act.

Results of the 2018 NACUBO-TIAA Study of Endowments are now available. Among the highlights: Nearly two-third of participating institutions increased their endowment spending dollars to fund student financial aid and other programs in spite of lower long-term results.

In its explanation of the 2017 Tax Cuts and Jobs Act, the nonpartisan Joint Committee on Taxation acknowledged that Congress intended the new executive compensation excise tax to apply to all public colleges and universities as well as private institutions—but said the law as written does not match that intent.

As the longest federal government shutdown in history continues, higher education researchers are left without grant funds, critical agencies are missing from academic conversations, and compliance guidance on new tax laws has come to a halt. NACUBO asks members to share with us any impacts the shutdown is having on your campus, and the steps your institution is taking to alleviate the burden on impacted students, families, and faculty.

The Trump administration’s proposed overtime rule moves forward, NASPA provides Title IX NPRM Resources, and more.