Campus CFO

Challenges of managing absenteeism in higher education

Manual practices and an honor system are costing higher education $451 million per year
What’s the real impact of employee absenteeism on your institution? In a recent study of colleges and universities, 53 percent of respondents said they rely on manual processes like three-part leave slips and handwritten time sheets to track and approve time and absence. Consequences include human error and the potential for erroneous absence tracking. But inaccurate time tracking also impacts productivity, FMLA compliance, revenue, and pay-outs upon separation or retirement.

Book Excerpt: The Sustainable University, Part II

Creating flexible budget models to accomplish sustainability goals

Presidents, CFOs, and trustee finance committee members will not travel too far down any paths related to sustainability until their associated costs are identified and thoroughly assessed.

Unfortunately, these considerations often still take place within confusing, partially-informed situations on campuses. Budgeting strategically to accomplish multiyear sustainability objectives is among the most significant challenges for a leadership team. Optimally, there needs to be a budget process in place that can flexibly address key sustainability needs at any point in a fiscal year.

UI to Give Targeted Raises to Staff, Faculty

Despite a bleak budget year, the University of Illinois plans to award merit-based raises averaging 2.5 percent to faculty and staff this summer, though the money will be highly targeted. Money for the raises, roughly $29 million, comes from internal budget reallocations over the last two years and tuition income, administrators said Monday. The UI saw its state funding drop by $44.2 million, or about 6 percent, for fiscal 2013, which began July 1.

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State Aims to Improve Higher Education with Privatization, Bonds

Overshadowed by fights over the state budget and the merger of state colleges late last month were two bills that could have their own broad effects on New Jersey’s higher education system. Both seek to spur new construction on college campuses: one uses a privatization arrangement to encourage private organizations to pay for construction at public colleges; the other authorizes $750 million in bonds to pay for new buildings.

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Big Rewards, Less Job Security for College Leaders

Helicopter parents, impatient trustees, overworked professors, entitled athletics boosters and deeply partisan lawmakers with little cash to spare. It's enough to make people wonder why anyone would want the job of college president. 

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Hunter Named Director of Student Money Management Center

The University of Texas at Arlington appoints of Shakeela J. Hunter as the University’s first Director of the Student Money Management Center

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Freezing Tuition: It's Not Such a Hot Idea

With steep increases in tuition becoming the norm, it makes sense that many families would benefit if they were able to predict the cost of a college education for all four years.

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Director of Grants Management

Marian University is seeking a Director of Grants Management

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