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CACUBO Press Release
October 9, 2008) -- As part of its continuing effort to create better, more efficient, and customer-friendly business practices within its membership institutions, the Central Association of College and University Business Officers (CACUBO) created a Best Practices Award Program. Corporate support of this program is provided by RBC Capital Markets.
CACUBO presented its 2007 CACUBO RBC Capital Markets Best Practices Award to Ginny Layton, Bursar at Miami University in Oxford, Ohio. Layton's winning submission titled "Effective Management of Accounts Receivable" showcased Miami's efforts to improve student retention, generate additional revenue, reduce expenses, and increase staff morale through a series of benchmarking metrics to measure its Bursar Office operations. Miami University received a $1,000 honorarium and Layton presented her winning proposal at CACUBO's Annual Meeting in Chicago on Oct. 9. Read More...
NACUBO Press Release
January 22, 2008 Washington, DC, --- An increasingly diversified investment strategy helped managers of higher education endowment funds earn an average one-year return rate of 10.7 percent for fiscal year 2006. The investment performance provides colleges and universities with income to help support their educational and operating expenses, as well as offset their endowment management fees and reinvest a share of the income to preserve the value of the endowment against inflation.
Bursars Online
