GENERAL SESSION #1
Ratio Analysis & Discussion
Annual PACCON financial ratio analysis and presentation as prepared by Prager & Co., LLC.
Saul Rosenbaum, Managing Director,
Prager & Co., LLC
Saul Rosenbaum has over 31 years of experience devoted to investment banking for governmental and not-for-profit entities. He possesses extensive knowledge of credit, economic, political and legal factors influencing the issuance of debt securities and has provided investment banking services to numerous public agencies and not-for-profits.
Prior to joining Prager in 1994, Rosenbaum was a Vice President in the San Francisco Public Finance Group of Prudential Securities Incorporated, where he concentrated on not-for-profit, utility, land-secured, tax increment, transportation and lease revenue financing in the Western states. Before Prudential Securities, he was a Senior Consultant in the Municipal Finance Consulting Division of Ernst & Young in Tucson, Arizona.
Rosenbaum frequently serves as a keynote speaker on topics relating to financing techniques for public/not-for-profit agencies. He is a FINRA registered securities principal and registered municipal principal. Saul graduated with honors from the University of Arizona, where he received a BSBA with a major in Finance.
Fritz Weis, Consultant, Prager & Co., LLC
Fritz Weis, a founding member of PACCON, has a 33 year career in higher education in Claremont, which includes being President of Scripps College, and Chief Financial Officer and Treasurer at Claremont McKenna College, Scripps College, and Claremont Graduate University. He has taught accounting at Claremont McKenna College, Scripps College, Claremont Graduate University, USC, and California State Polytechnic University, Pomona. Mr. Weis is retired from college administration but continues to consult with Prager and Co., LLC. on matters of financial analysis.
He earned his undergraduate degree (B.A.) from Claremont McKenna College and both his graduate degrees (M.A. and M.B.A) from Claremont Graduate University.
GENERAL SESSION #2
Higher Education is Changing in Response to Varsity Blues: What Institutions Should Consider
Based on headlines, articles, and other published information, this session will review and identify the major findings of the ongoing Varsity Blues investigations, focus on the issues that potentially affect small colleges and universities including those with DIII athletic programs, and offer solutions and suggestions for consideration by PACCON member institutions.
Behzad Binesh, Vice President of Finance & Controller, Chapman Universty
Behzad Binesh earned his MBA from Chapman University in 1979 and decided to continue his career at his alma mater. Over time, Binesh rose from junior accountant to his current position of vice president of finance and university controller. In 1997 he was awarded the Chapman University President’s Award for demonstrating exemplary job performance and superior interpersonal skills. The President’s Award goes annually to the person whom the University community recognizes as exemplifying the highest standards of professional excellence and community service
Terry Boesel, Director of Athletics, Chapman University
Terry Boesel became just the ninth director in Chapman’s 90-year history of athletics when he began his duties on August 1, 2015. He is the first one appointed since 1990 when David Currey took the helm.
Boesel (pronounced BO-zul) returned to his roots in 2006 and left the coaching ranks to become Chapman’s Associate Director of Athletics where he has handled all matters relating to NCAA rules and legislation, compliance and eligibility, and overseen the university’s physical activity class scheduling for the past nine years. He’s served on university matters such as the NCAA’s annual Equity in Athletics Data Analysis (EADA) reports, and acting as liaison between Athletics and the Offices of Admissions and Student Affairs. He has played a big role in the development of Chapman’s Student-Athlete Advisory Committee (SAAC) as well as the University’s invitation to join the Southern California Intercollegiate Athletic Conference (SCIAC) in 2011.
An Oregon native, Boesel still ranks No. 13 in the state’s history with 2,020 points as a prep basketball star at Powder Valley High School. He earned his bachelor’s degree in exercise physiology from Oregon State University in 1986 where he met his wife Joan who played softball for the Beavers. He went on to get his master’s in sports management from the University of Massachusetts, Amherst in 1991.
Over the course of his career, Boesel has had coaching stops at UCLA, San Diego, UC Irvine, La Verne and Chapman. He has two daughters who both played softball at the NCAA Division I level.
Marcela Mejia Martinez, Assistant Vice President of Undergraduate Admissions, Chapman University
Marcela Mejia Martinez leads the efforts for undergraduate admission at Chapman
University. She joined the Chapman University staff in 1998 and has held various roles in the admission office becoming the head of undergraduate admission in 2007. Mejia Martinez has lead the undergraduate team to adopt a values-based, student-centered approach. These efforts, along with strategic planning from our senior staff, have resulted in a steady growth and transformation of the college over the last 20 years.
She has been able to proclaim, year after year, the college’s rise in diversity, in academic quality, measured growth, increased retention and graduate rates, and changes to campus culture. A steadfast advocate for liberal arts, first generation students, and internalization, she is frequently called upon to collaborate and speak on these issues. Prior to Chapman, Mejia Martinez worked as an admission and financial aid counselor at her alma mater, Loyola Marymount University. She is a member of International ACAC, WACAC, and NACAC and has presented at each of these organizations conferences as well as at College Board and Council of International Schools conferences. She has been on the faculty for College Board’s Summer Institute for new admission professionals for the last three years and served on the CIS Latin American Committee for eight years. She has been recognized by WACAC twice for service to the organization as well as the students we serve.
Gail Nishida, Chief Compliance Officer, Chapman University
In this role, Gail Nishida is responsible for providing overall leadership for the University’s Internal Audit and Institutional Compliance departments. She is responsible for promoting and ensuring Chapman’s compliance with laws, regulations, university policies and procedures, including chairing its enterprise-wide Institutional Compliance Committee. This cross-functional group oversees the compliance, risk management and internal compliance programs. Additionally, she manages Chapman’s EthicsPoint helpline and Ethics training for university employees.
Nishida joined Chapman University in 2007 as the inaugural Director of Internal Audit before becoming Chief Compliance Officer in 2017. She is a certified internal auditor (CIA), certified fraud examiner (CFE), certified compliance and ethics professional (CCEP) and holds a certification in Risk Management Assurance.
Nishida received her B.S. in Finance from California State University, Long Beach, and an MBA from the University of California, Irvine.
GENERAL SESSION #3
USD’s Strategic Response to Increasing Market Pressures To Fund Institutional Priorities
Join the University of San Diego (“USD”) and Huron Consulting Group (“Huron”) to learn about USD’s process and response to the increasing external market pressures facing higher education. The University’s specific outcome was to better support their strategic plan, Envisioning 2024, in its goals of increasing student access and affordability, improving faculty and staff compensation, and further funding strategic campus improvements. The session will start with an overview of trends in the industry and university strategic transformation before exploring the activities that USD undertook to identify $15MM of recurring funds for reallocation, including an administrative review of costs across campus, a comprehensive review of its labor and organizational structure, and a new budget model.
Mark Finlan, Managing Director,
Huron Consulting Group
Mark Finlan has nearly 20 years of experience in management consulting, including deep expertise in higher education and the public sector. He has led complex, organization-wide programs to align strategy, improve performance, and reduce costs for some of the most well-known universities. Named a top-25 consultant by Consulting Magazine in 2015, Finlan has partnered with more than two dozen colleges and universities to optimize performance and drive significant change. His experience includes working with a number of small to mid-size colleges and universities (e.g., USD, WPI, Seton Hall, Simmons, William & Mary) as well as a variety of large research universities (e.g., Cornell, Georgetown, Louisville, Penn State, Stony Brook, UNC-Chapel Hill). Prior to Huron, Finlan was a Principal at Bain & Co where he helped build and grow their higher education practice.
Adam Meyer, Manager, Huron Consulting Group
Adam Meyer has nearly eight years of experience in management consulting in higher education. He leads university-wide projects to align resource allocation with institutional strategy, helping augment revenue channels, reallocate costs, and increase understanding around the cost of academics at all sizes of institutions. Over his time at Huron, Meyer has worked with approximately 30 colleges and universities including a number of small to mid-size colleges and universities (e.g., University of San Diego, Emory, Tulane, Marquette, University of St. Thomas) as well as a variety of large research universities (e.g., University of Wisconsin, University of Central Florida, University of Texas Medical Branch). Meyer holds a Bachelor of Arts degree in Human & Organizational Development from Vanderbilt University and a Master’s in Business Administration from The Booth School of Business at the University of Chicago.
Katy Roig, Interim Vice President for Finance & CFO, University of San Diego
Katy Roig joined the University of San Diego in May 2007. She has been actively involved in the management of USD’s finances for twelve years, first as Controller from 2007 to 2011, then as Associate Vice President for Finance from 2011 to 2019, and now as Interim Vice President for Finance & CFO.
Roig holds a Bachelor of Science degree in Business Administration from Cal Poly, San Luis Obispo and a Master’s of Science in Executive Leadership from the University of San Diego. She has been a California Certified Public Accountant since 2002. Her public accounting experience focused on not-for-profit organizations, specifically in the healthcare industry. This led to her first industry position as the Controller for the Sharp Healthcare system of four hospitals, two medical groups and a health plan.
GENERAL SESSION #4
Accounting & Tax Update
How do we keep up with the FASB? This is how! We will do a high level post-implementation review of the recently implemented financial statement reporting changes – looking at where we did well and areas where we can get better. And there is still more to come, with the required implementation of new lease, grant and contribution standards. We will look at the latest on the FASB’s agenda while also touching on changes coming your way in your independent auditor’s reports. We will wrap up our time with an update on the latest exempt tax topics.
Spencer Endicott, Senior Manager,
Audit Services, KPMG
Spencer Endicott is a managing director in KPMG’s Southern California practice. He has 20 years of experience in providing financial statement and compliance audits to higher education organizations, foundations, healthcare institutions and other not-for-profit entities. He has extensive experience in alternative investments, complex contributions, annuity agreements and derivative financing transactions. Endicott has frequently assisted clients in their initial adoption of new accounting pronouncements and rules. He frequently leads technical updates and courses to higher education institutions as well as within KPMG.
Mark Thomas, Partner, KPMG
Mark Thomas serves as the West Area Leader of KPMG’s Higher Education and Non-Profit Practice, serving also as KPMG’s National Client Leader for Higher Education, Research and Not-for-Profits. He has been with KPMG for more than 30 years, serving clients throughout the United States. Thomas dedicates 100 percent of his time to serving academic, non-profit, and other exempt organizations. His work includes advising academic organizations on issues of governance, investment practices, and organizational structure. Thomas has also served as an advisor to the Western Association of Schools and Colleges (WASC) on issues relating to financial reporting and accreditation.
GENERAL SESSION #5
Big Data, Analytics and How Universities Make Data-driven Decisions Today
Panelists will be discussing topics such as how data is being used to support Strategic Planning and high impact institutional decision making and the costs associated with the collecting and analyzing that data.
Some of those costs may be additional staffing resources that are needed to support institutions starting out on the use of big data. What other hidden costs are there? We will also be discussing trends around the use of data and what resources institutions need to get started using data and analytics for informed decision-making.
Dr. Todd Britton, CIO & Associate Vice President for Technology Services, University of LaVerne
Dr. Todd Britton is a highly competent and motivated senior executive cabinet member well versed in organizational leadership, information technology, risk management, program and project management, and technology governance. Britton came to the University of La Verne in 2008 from private industry and provides strategic leadership and operational management through oversight of the Information Technology division.
Britton, a lifelong learner, achieved his Doctoral degree in Organizational Leadership and Management in 2014 where he studied Open Source software needs in budget challenged California Universities. He is a frequent invited speaker, panelist, guest lecturer, and executive education instructor in national and international academic, and business forums.
Jeremy Cucco, CIO & Associate Vice President for Technology Services, University of Puget Sound
Jeremy Cucco is the Chief Information Officer and Associate Vice President for Technology Services at the University of Puget Sound in Tacoma, Washington where he has been for 5 years. Cucco’s focus at Puget Sound has been on utilizing technology to transform the pedagogical process, improve the student experience and outcomes, and to enable the university community to teach, work, and connect in more meaningful ways through technology.
Cucco comes to the institution with a degree from the University of Mary Washington in Network Security, and residential graduate certification in Business Strategy and Innovation from the Massachusetts Institute of Technology. Prior to his role at the University of Puget Sound, he worked for the federal government as an engineer, computer scientist, intelligence engineer, and politician.
In his personal life, Cucco is father to a national champion cyclist, an avid practitioner of all things outdoors, and classical musician. In all facets of both his professional and personal activities, he seeks to understand the complexities of life through data and visualization.
Lauri Mantooth, Assistant Vice President of Enterprise Applications & Projects, Chapman University
Lauri Mantooth is an Assistant Vice President at Chapman University. She has almost 30 years’ experience working in IT in a variety of industries including banking, distribution and health care. Most recently, however, Mantooth’s experience has been in higher education IT, where she has a proven track record of successful project delivery and a demonstrated ability to effect change. Mantooth has a unique blend of operational management skills and technology vision used to create and implement organizational IT strategy and prides herself on relationship building and understanding business and academic processes to create successful IT solutions.
Dr. Nan Papenhaussen, Lead Business Analyst, Business Intellegience Information Technology, Pepperdine University
Nan Papenhaussen brings over 30 years of secondary and higher education experience to her position as Lead Business Analyst at Pepperdine University. As a former Academic Dean, her extensive familiarity in recruitment, admission, financial aid, and records adds a unique perspective to data-driven decision making in higher education. In her spare time, Dr. Papenhaussen admires the logic and serenity of numbers and is fascinated by the reliability and sanctity of statistics.