A credit-rating tool for colleges seeking bond financing is described, using The Colorado College experience as a case study. The process discussed gives college chief financial officers a better understanding of how the bond rating agencies evaluate institutions' credit-worthiness. Substantial data charts and graphs are use for illustration. (MSE)

An effort to enhance quality and efficiency at the University of Florida was designed to produce quick results without involving many employees and focused on the accounts payable department. Flowcharting identified inefficiencies and pinpointed opportunities for improvement in labor-intensive processes, mailings, check registers, reports,…

In the process of restructuring its debt and taking on additional debt, Franklin Pierce College (New Hampshire) accepted the consequences of a downgrade in its investment-grade rating. This resulted in a successful bond sale, with bonds carrying an insured single-A rating. Events leading up to the restructuring and credit issues considered by the…

Presents three different, complementary statistical models for predicting faculty tenure dynamics, using data from Worcester Polytechnic Institute (Massachusetts). The difference equation model exactly describes future behavior but requires complete specification. The Markov-chain model can predict the full life-cycle of tenure from initial age…

The University of Florida has implemented an online payroll certification system that exemplifies how computer applications can result in higher quality information and provide real cost savings. In this case, the combined personnel savings exceeded 6.5 full-time-equivalent positions, more than twice the computing costs incurred. (MSE)

Elements in the effort to make the annual Nova University (Florida) audit more time efficient included gaining agreement with the auditors for a specific closing date; coordinating efforts of various departments involved; identifying and eliminating major obstacles; streamlining procedures when needed; and continuous coordination and monitoring of…

The University of Central Oklahoma integrated planning and budget processes, shifting the focus from the budget itself to goal-oriented, team management. Roles of faculty senate and deans in this process continue to evolve. Barriers to change within and outside the institution had to be overcome. (MSE)

The University of North Carolina responded to escalating waste disposal costs and shrinking landfill space with a structured program of recycling, including a mobile recycling drop, student family housing recycling, a newspaper drop-off site, high-volume glass pick-up, high-volume newspaper pick-up, and cardboard recycling. Campus-wide cooperation…

An approach used at Worcester Polytechnic Institute (Massachusetts) to explain the complexity of budget balancing to the institutional community is described. The model used facilitates the determination of necessary conditions for achieving budget equilibrium and suggests some approaches to restructuring expenses to ensure equilibrium. Four…

The first two stages of the financial audit required by federal Circular A-133, for nonprofit institutions receiving $100,000 or more in federal funding and cost-type contracts, as implemented by the University of Southern California, are described. Audit observations, issues emerging from the experience, and recommendations for other colleges and…

Shared savings arrangements for campus energy efficient investments are discussed. Shared savings is a term for an agreement in which a private company offers to implement an energy efficiency program, including capital improvements, in exchange for a portion of the energy cost savings. Attention is directed to: types of shared savings…

Colleges and universities must find a way to streamline and integrate information management processes across the organization. The Georgia Institute of Technology responded to an acute problem of dissimilar operating systems with a campus-wide integrated administrative system using a machine independent relational database management system. (MSE)

An organizational development and quality enhancement effort at the University of Cincinnati (Ohio) incorporating characteristics of several popular quality management systems has produced unanticipated benefits in the administrative services and information technologies division: downsizing was less drastic than anticipated; innovative financing…

Prairie View A&M University's (Texas) experiences are offered as lessons in how to establish institutional priorities and procedures for retrenchment. Thirty-one specific cost-reduction strategies and policy changes are presented, and the evolution of a formal, institutionalized budget process, nonexistent until fiscal year 1991, is described.…

The first part in a two-part series about the development of an integrated management information system at Chaminade University (Hawaii) discusses decisions made about the system's integration and transportability, modularization, programing language, and productivity in the first five years. (MSE)