Elements of an effective management program for colleges and universities are examined. Five basic purposes of an effective program of cash management are identified: developing accurate cash projections, managing cash receipts, controlling cash disbursements, establishing sound banking relationships, and investing funds. It is suggested that all…

This monograph provides an introduction to the procedures of bonding. Although it was prepared for school systems within the State of New York, the information which it contains is of general applicability. The importance of obtaining the services of a national bonding attorney and a financial consultant is discussed. The guide outlines the…

Basic components of a New Jersey district's profitable cash management program include consolidating funds using a negotiated bank agreement, a short term investment policy, accurate flowcharts for precise planning, and revenue and expenditure analysis. Data collection and analysis and the alternative of using a bank service agreement are…

Figures are offered on the expense charges and cashability feature of the supplemental retirement annuities (SRA's) of the Teachers Insurance and Annuity Association (TIAA) retirement program. (LBH)

Questions to ask, and some of the responses to expect, in interviewing money managers. (Author/MLF)

Faculty perceptions of the Teachers Insurance and Annuity Association and the College Retirement Equities Fund are noted and the funds' performance in the recent market are criticized for inflexibility and lack of leadership. (MSE)

This article serves as an introduction to a symposium on the Employee Retirement Income Security Act of 1974 and its labor law considerations. Commentary is offered on reporting and disclosure, fiduciary responsibilities, vesting, funding, and miscellaneous provisions. (LBH)

The University of Maryland Foundation is managing the endowments of three other Maryland state institutions and is negotiating to do so for two more. The foundation pools the endowment funds, decides on investment strategies, and hires companies to make the investments. The smaller colleges earn better returns, but some observers are concerned…

The student manual for high school level special needs students was prepared to provide deaf students with the basic fundamentals of banking. Five units are presented covering the topics of banks and banking services, checking accounts, other services of banks, savings accounts, and other investments. Each lesson was carefully written for easy…

Many small towns are considering community-based start-up funds (SUF) to foster development and retention of small businesses. But whether a community is large or small, a group must be well-organized before it begins to make decisions concerning the design and purpose of a small-business SUF. This primer highlights some main points a community…

The pension-issues committee of the Higher Education Secretariat has issued a report backing an earlier proposal to permit college employees to withdraw more of their accumulated funds at the time of retirement as a one-time funds-transfer benefit, but dropping a call for potential withdrawal at any point during a career. (MSE)

This handbook provides a brief overview of bank and bank holding company community development corporations (CDCs), the types of activities for which they can be used, the legal requirements in establishing such an entity, and how they are organized and operated. Case studies, including studies of the Shorebank Corporation of Chicago, the First…

This module is one of a set prepared in conjunction with the Title I "Project to Train Volunteer Leaders to Conduct Consumer Education Courses." It is designed to be a basic text for use in making a one-hour presentation on personal money management. Topics include reasons for having a budget and guidelines for successful budgeting, elements of a…

Background information regarding the draft of "Audits of Educational Institutions," released by the Accounting Principles Board of AICPA, is presented. Sixteen proposed changes are identified to alert and assist the individual business officer in working with his public accountant or state auditor to assure reasonable interpretations…

A clearinghouse specializing in providing tax-sheltered annuity services for school employees eliminates any question of school district liability for investment performance. (MLF)