WMU-AAUP Meeting on University Finances
with WMU President John Dunn and
VP for Business and Finance Jan Van Der Kley
Friday, January 24, 2014, at 2:30 p.m.
Room 204 Bernhard Center
A special Association Council meeting is scheduled for Friday, January 24, at 2:30 p.m., in room 204 of the Bernhard Center, to discuss university finances with WMU President John Dunn and VP for Business and Finance Jan Van Der Kley.
All Association Council representatives are encouraged to attend and to invite other interested colleagues. Please bring your questions for President Dunn and Vice President Van Der Kley, or just come to listen.
Colleagues interested in university finances are directed to check with their department’s Association Council representative(s) to the WMU-AAUP (pdf list of reps at the link) for information about the WMU audited financial statement for 2012-13. You may also want to view the WMU university budget and financial planning documents linked below in advance of the meeting:
- Western Michigan University 2013-14 Budget Summary (pdf alert)
- WMU General Fund Budget Outlook for 2013-14 (pdf alert)
- Board of Trustees General Fund Approved Budget for 2013–14 (pdf alert)
See the glossary of terms at this link for information about the line-item labels on WMU financial documents.
Hope to see you there on Friday!
Other relevant reading material is available at the following links:
Integrated Postsecondary Education Data System (IPEDS)
GuideStar pages (financial and other information about nonprofit organization):
- WMU Foundation
- WMU Research Foundation
- WMU School of Medicine (information through 2012 only)
Information on how to read financial statements:
- Glossary of terms (IPEDS)
- How to Read the IRS Form 990 & Find Out What it Means
- How to Read the New IRS Form 990
Government Accounting Standards Board documents:
GASB does not allow links to individual pronouncements, so click on this link to the GASB Pronouncements page and scroll down to the links to Statements 4, 61, 63, and 65 to review the accounting standards followed by WMU in the 2012-13 financial statement attached to this email.
On university budgets and athletics:
- Colleges’ Athletics Arms Race Is for Losers (Bloomberg News)
- Academic Spending Versus Athletic Spending: Who Wins?
(The Delta Cost Project — pdf alert)
- Trends in Spending and Institutional Funding at WMU
(The Knight Commission Athletic and Academic Spending Database)
- Inside WMU’s athletic budget, part 1 (MLive.com)
- Inside WMU’s athletic budget,” part 2 (MLive.com)