President’s Management Agenda Issued
President Trump has released a Management Agenda that outlines a long-term vision for achieving the following objectives: Modernize the U.S. government in key areas. Improve agencies’ ability to execute mission outcomes. Offer excellent service. Conserve taxpayer dollars. The President’s Management Agenda also includes Cross-Agency Priority Goals for resolving issues that intersect several federal agencies, accompanied by strategies for reaching those goals. One particular goal, Results-Oriented Accountability for Grants , aims to improve how the federal government delivers results to taxpayers. A corresponding strategy document has been released detailing three main components of this goal, such as identifying practices and data tools to allow agencies to incorporate. Read More.
Former Central Florida Football Player Sues School over Scholarship Withdrawal
A former University of Central Florida football player is suing the school for allegedly rescinding his athletic scholarship due to compensation he received from his YouTube channel. Donald De La Haye accuses Central Florida of violating his right to free speech and denying him due process when the National Collegiate Athletic Association declared him ineligible for making money from his likeness and reputation on the website. De La Haye argues that the First Amendment protects his speech on social media platforms, and Central Florida took away his scholarship in an unreasonable manner since it was unrelated to his academic or. Read More.
Congress Increases Spending for Higher Education Programs
Congress’ latest budget bill offers spending increases for several programs imperative to higher education. Programs that will have higher appropriations in 2018 include Supplemental Educational Opportunity Grants (14.6 percent increase), the National Technical Institute for the Deaf (4.4 percent increase) and Historically Black Colleges and Universities Capital Financing (47.1 percent increase). A full list of the amounts appropriated to higher education is available on the Inside Higher Ed website.
Studies Show Slight Increases in College Faculty Pay
According to the College and University Professional Association for Human Resources (“CUPA-HR”), college faculty salaries are up 1.7 percent from 2017. The number is a slight drop from last year’s reported increase, with off the track faculty members experiencing greater gains than those on the tenure track. A study to be released this month by the American Association of University Professors (“AAUP”), however, is likely to reveal a slightly larger increase in pay among college faculty members. More on the CUPA-HR and AAUP studies regarding college faculty pay is available on the Inside Higher Ed website.
Topics: College Faculty Pay
AICPA Releases 2018 Not-for-Profit Entity Guide
This year’s edition of the Audit and Accounting Guides (“AAG”) Not-for-Profit Entities is now available. Issued last month by the American Institute of Certified Public Accountants, the 2018 guide features information about Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The Not-for-Profit, AAG also highlights the amended guidance and compares the changes to previous guidance.
GASB Chairman Discusses Ongoing Projects
In his latest “From the Chairman” article, Governmental Accounting Standards Board (“GASB”) chairman David Vaudt opens up about three projects the board is working on this year. The efforts cover the financial reporting model, revenue and expense recognition, and pre-agenda research on existing note disclosures. Vaudt says these projects will help reshape accounting and financial reporting for state and local governments, impact how revenue and expense are recognized in governments’ financial statements, and enable financial statement users to understand such statements better. Read Vaudt’s “From the Chairman” article on GASB.org.