Dollars and $ense – Wednesday, March 30

03/24/16

In this Dollars and $ense session we will discuss the recent announcement of changes to lease accounting standards from the Financial Accounting Standards Board.  These changes will impact all organizations, including nonprofits and colleges and universities. This is being discussed in this session due to our current technology renewal program.  Our annual spend on this program is close to $1.3 million per year, and there are issues that we have to open a dialogue around in terms of the following:

1.      Standardization versus specifications of equipment leased under the program

2.      Purchase versus lease for computer equipment and big ticket supply items

3.      The growth in the cost of the program because of the needs of academic units versus administrative units 

As customary, we will also provide an update on the college's budget versus actual through the month of February.    

Dollars and $ense will take place in Emerson Suite B, 9:00 – 10:00 am, on Wednesday, March 30. We continue to welcome all faculty and staff to these meetings to come and discuss these and any other issues that are affecting the finances and administration of the College.

Individuals with disabilities requiring accommodations should contact Carly Hills in the office of finance and administration (274-3118 or chills@ithaca.edu).  We ask that requests for accommodations be made as soon as possible.

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