You are here


Subcategory of CFO News

Working together, campus buyers and facilities staff can ensure that dollars for equipment needs are wisely spent.

Who would ever think that replacing simple lightbulbs could end up costing a university hundreds of thousands of dollars? Or that a piece of equipment destined for a building’s basement could nearly cause the destruction of an exterior wall, with an associated price tag in the tens of thousands of dollars, because the system was too large to fit through a doorway and too heavy to ride on an elevator?

A fresh look: When the library at Grand Valley State U was remodeled, useable furniture got new life on other parts of campus rather than being placed into storage.

Furniture asset management has been a big efficiency win for institutions. Facilities managers say inventory tracking, storage, and reusing or repurposing every piece of furniture an institution owns are keys to the process.

While each campus is unique, an audit may reveal surprising  information about the many places credit cards are accepted as  payment. (Click to enlarge)

Those involved in securing credit card data used in higher ed transactions need to be aware that banks are beginning to exercise greater scrutiny over these activities. It’s more important than ever that campus officials get a firm hold on, and a clear understanding of, this aspect of their operations.

Payment solution providers were asked: What is the biggest vulnerability you see when it comes to PCI compliance at colleges and universities?

Course scheduling is tied integrally to two of an institution’s most expensive resources—facilities and faculty.

Course scheduling is tied integrally to two of an institution’s most expensive resources—facilities and faculty. Managing schedules involves more than just cracking a complex logistical code each semester—it’s also a potential bane or boon to the operating budget.

Appalachian State University (N.C.): Policy says that faculty should generally not be paid extra for teaching courses on top of normal course loads. It mentions making other arrangements, such as a course reduction the following semester.

California State University: Overload assignment may not exceed 25 percent of a full-time position.

Advance planning: Dedicated alumni and friends of Hendrix College can purchase a niche in a campus columbarium.

From cashing in on beer sales at football games to providing community members with a safe way to trash old electronics for a fee, administrators are looking beyond tuition and endowments to make up for budget shortfalls.

The world of intellectual property is not the easy goldmine it may appear to be from the outside. There is a business behind selling scholarly works, whether they fall into the patent or copyright realms of IP--both forms are citizens of the university world, though with completely different issues and revenue streams.

While trademark would not generally be considered scholarly material that is serving the public good, the $4.6 billion a year it generates for institutions does help them remain more healthy and visible.

That total makes it the second largest category of licensed merchandise in the country, behind only Major League Baseball, says Andrew Giangola, vice president of Strategic Communications at Collegiate Licensing Company, a sports marketing company that represents nearly 200 colleges and universities.

Credit Rating Rankings: Long-term ratings used for higher ed institutions. (Click to enlarge)

The U.S. economy has been through major changes in the last several years, and the effects are being felt on campus. In many cases, this turmoil shows up publicly in the form of a credit-rating downgrade. On some campuses, a change in the credit rating has no effect on the day-to-day operations; on others, it can be devastating.