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Wednesday, March 20

Times Sessions  
7:30am - 8:30 am Next Generation Chief Business Officer Session Registration  
8:30am – 5:00pm

Next Generation Chief Business Officer (NGCBO) Session*
Larry Goldstein, Campus Strategies, LLC
This year’s Next Generation Chief Business Officer session will address the important issue of leadership in our ever-changing industry, taking an in-depth look at the CBO’s role, the future timeline for those in higher education, career mapping, and much more. This workshop is specifically tailored for non-CBO senior staff in the finance/business division of colleges and universities.

 
2:00pm – 5:00pm Early Registration for Workshop Attendees  

Thursday, March 21

Times Sessions  
7:30am - 4:00pm Registration  
7:30am – 8:30am Networking Breakfast  
8:30am - 9:45am General Session
Michael S. Roth, President, Wesleyan University
 
9:45am – 10:15am Refreshment Break  
10:15am – 11:30am

Modernizing Your Finance Organization
Molly Mercer, Slippery Rock University
Nick McIntire, Slippery Rock University
Renee Jenkins, Slippery Rock University
Tim Harlan, Slippery Rock University
John Simon, Slippery Rock University
Learn how one university implemented a series of improvements around people, processes and technology that has positioned them to better serve their institution, with the same level of resources. This presentation can assist you in taking the vision you have to transform the finance function and provide some practical approaches to make systematic changes to put your finance team in stronger position.

The Search for a Better Budget Model
As financial pressures grow, choices get more difficult to make and more radical approaches to resource allocation become more necessary. This presentation outlines alternatives to the traditional incremental budgeting approach that are more likely to match emerging needs.

Industry Accounting and Auditing Update
David Gagnon, KPMG LLP
Renee Bourget-Place, KPMG LLP
Participants will hear and see insights about new standard affecting financial reporting at colleges and universities in 2019 and beyond, focusing on fiduciary activities, leases, and reporting concerns. The discussion will include lessons learned from early adopters of some of these standards.

Blockchain! Bitcoin! New Technologies and Their Possible Impact on Higher Education
Lee Boveroux, U.S. Bank
Sam Solomon, Brandeis University
As new technologies are taking hold in numerous industries, higher education institutions are at the very early stages of investigating their potential impact on campus operations. In this session, an expert in how the financial industry is exploring blockchain’s potential benefit to financial transactions will provide a generic primer of this burgeoning technology. As blockchain is the basis for cryptocurrency, two institutions of higher education will discuss their experiences with cryptocurrencies.

 
10:30am – 4:30pm Career Counseling  
11:30am – 12:45pm

Organizational Health - application, implementation and outcomes
Alison DiFlorio, Exude, Inc
Twana Harris, Exude, Inc.
T. Muriel Brisbon, Haverford College
Attend this session to learn an innovative approach grounded in best practice that connects your strategy to your people. Our goal is to give audience members the opportunity to engage the other leaders in their organization and help them understand the impact that alignment of strategy and culture has on your people and performance.

UVAFinance: Our journey toward transparency and trust
Patty Marbury, University of Virginia, VP Finance
Brandi Van Ormer, University of Virginia, VP Finance
UVAFinance has existed as a unit made of seven departments for just three years. We came together under new leadership, as teams working in silos – accustomed to our own processes and ways of functioning and colleagues unused to working with one another. In this session, we present how we leveraged training, communication channels, and employee engagement activities in new ways to allow our team to grow in skill, become cross-functional, engage in continuous improvement, and come to think of themselves as one central unit functioning together to further the mission of the University.

How Higher Education Institutions Can Prepare for Revenue Recognition
Michelle Sylvia Spriggs, CBIZ & MHM
Michael Hoyle, Lasell College
New revenue recognition standards under ASC 606 and changes to ASC 958 are taking effect, and higher education institutions should be getting ready. Tax-exempt entities will need to consider transactions other than contributions and investment returns in order to correctly record revenue under the new accounting criteria, as well as consider the guidance that was recently released clarifying the new standards related to contributions made and received. In this presentation, we will discuss how higher education institutions can prepare for the change and best practices for implementation.

Campus Business Officer Benchmarking Tool
Russ Hannah, Arkansas State University
Patrick Wamsley, Medical University of South Carolina
In 2018 EACUBO and the other ACUBOs came together and participated in the Campus Business Officer Benchmarking Initiative. The Benchmarking tool utilizes an easy-to-use online template and contains more than 100 reports. It has a filtering capability that will enable you to generate peer-group comparisons and multiyear trend reports. In this session, you will see an overview of the Benchmarking reports from the 2018 survey and you will learn how you might use it at your institution.

 
2:15pm – 2:45pm Refreshment Break  
2:45pm – 4:00pm

The Only Constant is Change
Marcelina Nowosadzki, Nelnet Campus Commerce
Erin Zuzula, University of Massachusetts Amherst
Mary Beth Nally, Rochester Institute of Technology
Maryellen Blake, Boston University
In this session, presenters will share real-life lessons learned and developed with partner institutions undergoing major changes to their business and student service models. They will discuss planning, executing, and evaluating on-campus projects to effectively manage change to ensure it is change for the better.

Breathing New Life into an Aging Residence Hall using an Innovative P3
Matthew Frist, Duquesne University
Alton Irwin, COCM
Michael Leonczyk, HARRISON STREET/Real Estate Capital
David Yeager, Radnor Property Group LLC
Hear from the University and their private sector partners as they discuss key features of an innovative public-private partnership (P3) and how it may influence future projects being contemplated on campuses around the country. The panel will address a range of topics including: why a P3 structure best met the University’s goals for this project; key features of the competitive RFP process; the financial structure; the renovation scheme; and other features of the transaction that might be replicated in future projects.

Tax Update – Impact of Tax Reform on Colleges and Universities
Andrea Sexton, Harvard University
Michael Quesada, Harvard University
Gwen Spencer, PwC
Paul Tanis, PwC
This session will help participants understand the tax reform provisions most relevant to institutions of higher education; the current status of IRS guidance; and real-world strategies for addressing the impact of tax reform and dealing with uncertainty.

Leveraging Institutional Data to Make Informed Strategic Decisions Henry Cossitt, Freed Maxick CPAs, P.C.
Ryan Caster, Freed Maxick CPAs, P.C.
Marco Benedetti, Canisius College
Decreasing enrollment trends, downward pressure on tuition costs and increasing operating costs have made it essential that colleges and universities implement strategies to proactively manage enrollment and institutional costs. Colleges and universities will need to utilize technologies with data analytic capabilities to proactively monitor enrollment trends and costs, not only at the institutional level, but also at the program level. Presenters will discuss metrics that can be tracked, utilizing data analytic techniques and processes, and will provide examples of how to aggregate and analyze institutional data in order to drive better, informed decisions that address the challenges faced by colleges and universities today.

 
4:00pm – 5:30pm Networking Reception  

Friday, March 30

Times Sessions
7:30am – 12:00pm Registration  
8:30am – 9:45am

Becoming Affiliation-Ready; Things You Absolutely Need to Know
Barbara Brittingham, New England Commission of Higher Education (NECHE)
Martin Howard, Boston University
David Quigley, Boston College
Anne Ogilby, Ropes and Gray LLP

 
9:45am – 4:30pm Career Counseling  
10:00am – 11:15am

Not If, But When: Aligning ERM and Strategic Planning to Address today’s risks in Higher Education
Christopher Garrity, Saint Joseph's University
Frank Bossle, Baker Tilly
John Park, Baker Tilly
In today’s challenging and turbulent higher education environment, taking a strategic approach to risk management is more important than ever. Current events at colleges and universities across the country over the past six months illustrate how quickly past accomplishments and accolades can evaporate, emphasizing the urgency of implementing an integrated approach to strategic planning and enterprise risk management (ERM) processes. Presenters will identify best practices and lessons learned in strategic planning and provide tools to help participants to begin aligning the two activities at their home institutions.

Relieving Operating Endowment through Central Plant Modernization
Douglas Kudravetz and Vincent Harkins, American University
Nicholas Lewandowski and Lucas Janes, The Fulcrum Group
College and University Business Officers across the country grapple every year with strategies to reduce campus operating expenses. Few realize that a majority of campuses have an untapped opportunity to reduce millions of dollars in annual operating expenses in their central plants, dramatically reduce unexpected maintenance costs, and simultaneously substantially cut campus water consumption and carbon emissions. This session will present a case study a major transformation of the central power plant and heating infrastructure on American University’s main campus, and how through deliberate and creative planning, the capital program will achieve a 13-year payback after two-years of construction on the 3.0 million GSF campus. Presenters will also discuss the challenges of balancing competing demands for investment in new capital projects, deferred maintenance, and sustainability programs, and will discuss strategies for making smart investments that satisfy all three needs.

Financial Modeling: How to Move Stakeholders to Action with your Financial Story
Anthony Ferullo, Endicott College
John Gruppo, New Jersey Institute of Technology
Brandon Rosenbluth, PFM Solutions
Financial models are more than numbers on a page. They also tell a story about your financial future. That financial story, grounded in concrete facts and analyses, has the potential to drive real change and to create value at an institutional level. This presentation will highlight the value of developing a strategic, multi-year financial model that can strengthen institutional financial management. The speakers will provide their respective experiences on the subject: 1) creating a model and communicating with stakeholders a plan moving forward to help address flattening enrollment growth and a more advanced tool to present to new executive leadership, 2) evaluating enrollment trends and its impact on their strategic plan and accreditation and 3) from the perspective of a consultant who will share best practices and lessons learned throughout the presentation.

Purposeful Collision: Fueling RCM Budgeting with Robust Analytics
Bill Ashby, Charles Rush, and Mark Anderson, University of Virginia Frank
Batten School of Leadership and Public Policy
Five years ago, the University of Virginia president announced that the institution would transition to a responsibility center management (RCM) budget model. At that time, both institutionally and across higher education as a whole, the data analytics environment was immature but rapidly developing. Our story, about how one RCM activity center, the Batten School of Leadership and Public Policy at the University, adopted the RCM budget model and built a robust analytics environment to fuel success within it, will provide the backdrop for an engaging conversation about our critical success factors. Strategies developed, decisions made, resources allocated (people, time, funding) in support of this effort will be detailed through specific examples, including a live demonstration of two analytical dashboards built for the Batten School by University Business Intelligence (UBI). The importance of conducting a thorough readiness assessment prior to deployment will be emphasized.

 
11:15am – 11:45am Refreshment & Check-Out Break  
11:45am – 1:00pm

University-Wide Grants Planning at Tufts University
Salvatore Tripoli and Brian Cody,Tufts University
Stewart Clark, Kaufman Hall
A common challenge facing many research institutions is the declining availability of federal funding. In order to adapt, Tufts has focused on increasing visibility and transparency into prospective financial planning of research portfolios. The Research Administration office partnered with the Office of Budget and Planning to make this information more reliable, timely, and available to the various constituents of the research community. Integrating the systems and training the local administrators has required changes to the workflow of research administration and led to standardization of best practices. Attendees will learn how the implementation of the Grants Module at Tufts resulted in effective change management through the implementation of a new tool. The audience will understand the collaborative framework needed between constituents, central offices, and technical experts to make change management successful.

The Times Have Changed: Real-World Tips and Strategies to Grow Revenue, Increase Enrollment, and Manage Cost
Dr. Jim Hundrieser, Association of Governing Boards
Steve Golding, Voinovich School of Leadership and Public Affairs, Ohio University
This interactive, deep-dive session explores a variety of tips, methods, and strategies that can be used to diversify and grow institutional revenue sources, increase enrollments, manage cost, and address other critical business model issues. Special emphasis is placed on the practical development and implementation of these strategies, using actual case studies as a guide. A three-step system (diagnostics, exploration, and implementation) for identifying key strategic growth building blocks will also be discussed. The ideas in this session will help you align institutional mission and strengths with new financial models for prosperity. Attendees will leave with a set of clearly articulated strategies and rationales they can utilize at their institution and will have opportunities to explore actual case studies where these strategies have been implemented with success.

LIBOR is likely going away after 2021. What should I be doing now to prepare?
David Hammer, Lehigh University
William Rhodes, Ballard Spahr LLP
Readie Callahan, Wells Fargo
Banks will no longer be compelled to submit LIBOR bids after 2021, paving the way for the termination of the index that serves as a benchmark for over $350 trillion in products. LIBOR will be replaced by the Secured Overnight Financing Rate (SOFR), a new alternative reference rate published by the Fed. The transition to SOFR will have a wide ranging impact on derivatives, bonds, commercial loans, private student loans, and mortgages, among others. This discussion will broadly focus on the how and why the global financial markets feel compelled to transition away from LIBOR as a viable benchmark, the impacts to colleges and universities, and will help college and university business officers build a toolkit that can be immediately deployed to help navigate the transition.

Creating and Managing Programs at Global Locations
Romayne Botti, Carnegie Mellon University College of Engineering
Matt Coley, Carnegie Mellon University College of Engineering
Dan Giammatteo, Carnegie Mellon University College of Engineering
Participants will gain an understanding of how to create and manage successful programs at global locations. Presenters will expose the audience to different financial models, sponsorships, structures, and cultures, and provide examples of some of Carnegie Mellon’s global locatio.

 
1:00pm Program Adjourns