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March 18, 2019

President Trump Releases FY20 Budget →

The White House’s proposal would make significant cuts to student aid and research programs, and again calls for colleges and universities to bear some of the risk of student loan repayment.

March 08, 2019

DOL Proposes Increased Salary Level for Overtime Eligibility →

The standard salary level for employees that must be paid overtime if they work more than 40 hours per week will be raised from $23,600 to $35,508 annually, according to a March 7 announcement by the Department of Labor’s Wage and Hour Division.

February 13, 2019

NACUBO Issues Guidance on Tuition Revenue Recognition →

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 contracts with customers.

February 13, 2019

NACUBO Comments Support GASB’s Proposed SRECNP Format →

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.