COVID-19 Coverage : See how the pandemic is impacting the world of higher education.
Access the Business Officer Magazine menu by clicking or touching here.
Business Officer Magazine logo, click or touch this logo to return to the homepageClick or touch the Business Officer Magazine logo to return to the homepage.
Get back to the Business Officer Magazine homepage by clicking the logo.


May 2013

Rifkin Completes Roster of Annual Meeting Keynoters

Economist, adviser, and author Jeremy Rifkin will address the general session on Monday, July 15, at the NACUBO 2013 Annual Meeting to be held July 13–16 in Indianapolis.

Bestselling author and noted visionary Frans Johansson and award-winning broadcast journalist Judy Woodruff will be the keynote speakers on July 14 and July 16. (See interview with Woodruff.)  

Rifkin is the author of 19 books—which have been translated into more than 35 languages—on the impact of scientific and technological changes on the economy, the workforce, society, and the environment. His most recent books include The Third Industrial Revolution: How Lateral Power Is Transforming Energy, the Economy, and the World (Palgrave Macmillan, 2011) and The Empathic Civilization: The Race to Global Consciousness in a World in Crisis (Penguin Group, 2009).

For the past decade, Rifkin has been an adviser to the European Union on issues related to the economy, climate change, and energy security. He advised the government of Spain during its EU presidency and has also served as an adviser to Chancellor Angela Merkel of Germany; Nicolas Sarkozy, former president of France; Jose Socrates, former prime minister of Portugal; and Janez Janša, former prime minister of Slovenia, during their respective European Council presidencies. He currently advises the European Commission, the European Parliament, and several EU heads of state.

He is the principal architect of EU’s Third Industrial Revolution long-term economic sustainability plan to address the triple challenge of the global economic crisis, energy security, and climate change. Formally endorsed by the European Parliament in 2007, the plan is now being implemented by various agencies within the European Commission as well as in the 27 member states.

Rifkin is also the founder and chairperson of the Third Industrial Revolution Global CEO Business Roundtable, comprising 100 leading renewable energy, construction, real estate, IT, power and utility, transport and logistics companies, and architectural firms worldwide. He is founder and president of the Foundation on Economic Trends, which examines the economic, environmental, social, and cultural impacts of technologies introduced into the global economy.

Since 1994, Rifkin has been a senior lecturer at the Wharton School’s Executive Education Program at the University of Pennsylvania, Philadelphia. His monthly column on global issues appears in many leading newspapers and magazines. He has been a frequent guest on numerous television programs, including Face the Nation, 20/20, and Good Morning America. Rifkin also has testified before numerous congressional committees.

He holds a degree in economics from the Wharton School, and a degree in international affairs from the Fletcher School of Law and Diplomacy at Tufts University, Medford, Massachusetts.

NACUBO Board Proposes Dues Increase

The NACUBO Board of Directors recommends that the association raise its overall dues by 2 percent for the membership year 2014–15, an annual increase for institutional members ranging from $15 to $159. 

The dues increase provides high-quality resources and services for members, including continuing congressional outreach, new online educational offerings, improvements to existing programs, and assistance to address the expanding needs of CBOs and next-generation business officers. 

“The Board of Directors is committed to offering relevant new programs and advocacy efforts that add value for NACUBO members,” says Charles Tegen, chair of NACUBO’s board. “Additionally, NACUBO must continue to be a role model for operating effectively, without undermining services to its members.”

In accordance with NACUBO bylaws, the proposed dues increase will be presented for a vote on July 15 at the annual business meeting for primary representatives. Invitations to this meeting will be distributed to eligible primary representatives, and more information is available under the Education tab at

NACUBO CONTACT Primary representatives with invoice questions may contact Kristin Witters, manager of member services, 202.861.2560,

NACUBO Products to Build Your Skills

NACUBO offers members a variety of products to help their institutions in several areas, including continuous improvement, investment pools, and strategy and business operations. Here are some of the items that are available:

Organizational Development Series

The Organizational Develop-ment series of programs, formerly offered only as individual CD-ROMs, is available in an online format through the My NACUBO portal on the NACUBO Web site at The purpose of the series is to help colleges and universities build internal capacity for leadership, assessment, and continuous improvement.

The series of six programs assists organizations in developing the expertise necessary to address immediate and long-term issues and maintain organizational excellence over time. Each program includes materials for a facilitator as well as materials for participants. Topics in the series include:

The project was led by Brent D. Ruben and was designed by the Center for Organizational Development and Leadership at Rutgers, the State University of New Jersey. 

For more information, visit the Online Publications page at 

NACUBO’s Guide to Unitizing Investment Pools

The fully revised Guide to Unitizing Investment Pools has been updated to address policies and reporting that are in compliance with Financial Accounting Standards 116 and 117 (ASC 958-605 and ASC 958-205), GASB Reporting Standards 34 and 35, UPMIFA, and the Revised IRS 990. It includes details on managing a consolidated investment pool using a unitized approach, offers three unitization models, and illustrates the alternative—a nonunitized or “dollarized” approach.

The guide is ideal for those who want to update their current unitization model or just want to understand the principles and concepts for administering a consolidated investment pool. The book also offers online access to a series of downloadable spreadsheets for readers to use. For more information, visit the Products page at

CFO Perspectives Series

CFO Perspectives features online white papers that examine the role of a chief financial officer (CFO) in different institutional or operational settings. Each white paper, available for free from NACUBO, focuses on the unique demands of an institution and offers strategies to manage business operations within that context. 

Written by authors with extensive experience in financial operations, the papers offer insights that may prove especially helpful to new CFOs or board members, presidents, senior administrators, faculty, and staff. 

To read these Perspectives papers, visit Online Publications under the Products tab at 

HEAF Virtual Event Coming This Month

Don’t forget to attend online the 2013 Higher Education Accounting Forum’s virtual event to be held May 29. Several sessions from the HEAF conference, which will take place May 19–21 in Savannah, will be available online for you to experience from the comfort of your own offices. 

What’s even better is that NACUBO is offering your entire team one price. When one person on your campus registers at the full price, other staff can register for free. Each additional attendee must complete the online registration process to have full access to the event.

All online attendees will continue to have access to the content through Aug. 29, 2013. For more information, visit 

Professional Development