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NACUBO Notes

January/February 2019


35 Years in the Making

There is an abundance of information that is necessary to successfully prepare, and ultimately manage, budgets at a college or university. Budgets address one of the most critical issues related to institutional success—resources.

Each campus may approach the process differently, but by asking the proper questions, completing appropriate forecasting, and providing institutional support, the process is manageable. Author of the third, fourth, and now fifth edition of the perennial best-seller A Guide to College & University Budgeting: Foundations for Institutional Effectiveness, Larry Goldstein discusses in detail the principles of budgeting and how institutions can get the maximum value from the resources they have available.

The world has changed dramatically since the first edition was published in 1984, and especially for higher education. Apart from issues related to pedagogy, institutions are dealing with modern technologies, increased expectations from students and their parents, and an unfortunate decline in higher education’s reputation. Despite all the evidence of increased economic returns over a lifetime that correlate with increased levels of education, some believe that the money needed to obtain a degree could be put to better uses. (See NACUBO’s Value of Higher Education initiative online.)

The fifth edition of the guide offers readers a better understanding of the budget process and how the most effective process is driven by plans—specifically, plans developed using open and inclusive processes. As the author states, “resource allocation decisions in higher education rarely mean a choice between good and bad options, but rather between good and better options.”

Reserve your copy today. The book is available for purchase through the NACUBO online store and will ship in April 2019.


2018 NACUBO-TIAA Study of Endowments

The 2018 NACUBO-TIAA Study of Endowments provides the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at hundreds of U.S. higher education institutions and affiliated foundations. It provides extensive data to help institutions evaluate their investment returns and compare results by endowment size and institution type.

The study will be released March 2019; participating institutions and study sponsors will receive a complimentary copy. It will be automatically uploaded to participants’ and sponsors’ MyNACUBO account.

The study will be available for purchase through the NACUBO online store. For more information, e-mail NES@nacubo.org.


Submit a Campus Efficiency Poster

Since 2014, NACUBO has highlighted campus efficiency success stories by displaying efficiency posters at the annual meeting. When you bring a poster to the NACUBO 2019 Annual Meeting this July in Austin, not only will you be illustrating the efficiency achievements of your own campus, you will also receive a registration discount.

Each year, these graphics add value to the meeting experience by showing attendees how campuses are saving operational dollars while committing to environmental sustainability. The diversity of poster topics has included many campus successes that aren’t always highlighted in sessions, such as basic energy efficiency, advanced utility planning, water conservation, sustainability processes, zero waste structures, streamlining budget processes, and climate resiliency. To view previous examples and guidelines for poster entry and display, visit the NACUBO 2019 Annual Meeting website and click on the “Participate” tab.


New Distance Learning Programs

To understand new accounting requirements, learn about sustainable investing, and hear the latest data on endowments, consider viewing one of these webcasts:

To view on-demand recordings or to register for upcoming webcasts, visit the E-Learning section of the NACUBO website.


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