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Treasury Symposium 2011 
January 23-26, 2011
Disney's Contemporary Resort
Orlando, Florida
Treasury Symposium is the premier educational forum for treasury professionals in higher education. The Treasury Institute for Higher Education leverages the expertise of its partners, faculty and participants to create an environment for sharing best ideas and developing successful strategies.
Click here for details
Click here to register now
Book your room online!
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KUALI Foundation Update
The Treasury Institute is pleased to share an update on the Kuali Foundation and its growth into the endowment management environment. Although Kuali is unaffiliated with the Institute and its partners, we hope that sharing this information is helpful, and is of value to your campus.
For those of you not familiar with Kuali, the foundation supports the collaboration between colleges, universities and commercial partners to provide software that meet the administrative needs of colleges and universities. The Endowment Management is a module of the Kuali Financial System and will be released in November of this year. The attached whitepaper outlines the functionality and value of this new module for higher education. Additional information on the Kuali Foundation and related projects can be found at www.kuali.org
Click here to download Kuali Whitepaper. |
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PCI 2011
SAVE THE DATE!!
PCI/DSS Workshop
May 8-11, 2011
Indianapolis Marriott Downtown
Indianapolis, IN
- Learn how best to manage PCI compliance at your institution
- Understand how the PCI Council's Special Interest Groups' recommendations and new QSA Quality Assurance program
will affect you
- Benefit from the experience of other institutions that are working
on PCI compliance on their campuses
- Get your questions answered, including what to expect from the
PCI Council in the future
- Earn up to 18.3 CPE credit hours
Click here for details
DOWNLOAD THE 2010 AGENDA! (2011 to come)
Click here to register now
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PCI DSS Blog
The Treasury Institute has an online tool to help you address PCI compliance: the PCI Blog. Please check it out at: http://treasuryinstitutepcidss.blogspot.com/
The Treasury Institute partnered with NACUBO to join the PCI Security Standards Council as a participating organization. This means that Higher Ed has a voice (and an ear) when the Council meets to set and review the PCI standards.
The Institute created the PCI Blog as part of this partnership. The blog will allow the Higher Ed community to share experiences while communicating questions and concerns that we need to take back to the PCI Council. As importantly, this blog will be a vehicle to communicate PCI Council news and developments to you and your institution.
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Second Research Paper on The Internal Bank
Co-authored by Jon Speare (of Commonfund), Chris Cowen and Linda Fan (of Prager Sealy & Co., LLC.)
The enclosed whitepaper represents current thinking on debt as a critical component to an organization's financial structure or "Internal Bank."
Although debt is not a panacea without risk, incorporating debt into the capital structure of a university offers a number of advantages.
- Debt allows institutions to plan and execute major capital programs on a systematic basis by providing a financing mechanism that spreads cash flows over longer periods of time.
- Debt allows institutions to plan and manage major capital projects without having to directly coordinate cash flows from gifts or other funding sources with individual projects.
- Debt imposes the financial discipline of building debt service requirements into the operating budget so that, over time, debt capital becomes a permanent financing source for future projects.
- Debt can provide access to a "low cost" source of funding.
Universities need to look at this side of capital with the same methods employed on the investment side; as a permanent component of the financial structure, with a portfolio approach and overseen with a well thought out policy. |
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Straight Talk About Data Security
An article by Walt Conway and Dennis Reedy
This article is reprinted, with permission, from the December 2007 issue of Business Officer, published by NACUBO, Washington, D.C.
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Cards at School
Why Banks View Campuses as High Risk Customers
An article from Walt Conway and Dennis Reedy
Published in AFP Exchange, March 2007
While PCI DSS applies to every organization that accepts payment cards, many education institutions have been slow to achieve campus-wide compliance. The situation is particularly unfortunate since education institutions – whether because of their open networks or inadequate security procedures – are particularly vulnerable to hacking and other compromises of confidential consumer data. As a result, financial institutions and card issuers increasingly view education institutions as risky merchants.
Please click here for article.
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PCI-DSS Resources
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Research Paper on The Internal Bank
Co authored by Jon Speare and David Hertan, Commonfund Strategic Treasury Solutions
The Internal Bank: The next opportunity in operating and non-endowment assets
This paper, the first in a series on the internal bank concept, focuses on enhanced management of limited-term assets and effective analytic tools to monitor these portfolios. Subsequent papers will address the liability side of the balance sheet and resource planning.
By integrating the components of its treasury operation into a single cohesive structure, a nonprofit complements the management of its long-term assets as it seeks -- consistent with sound risk management practices -- to maximize the organization’s net worth and support its mission.
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