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Communicating Financial Stakes to Campus Faculty and Staff

College and university business officers know what they know, but how can they translate commonly misunderstood complex financial terms and processes – such as endowments, deferred maintenance, and funding salary and benefit rates – into something accessible for nonfinancial audiences? In this episode, Rachel Pauletti, director, higher education consulting at Forvis Mazars, joins NACUBO’s Liz Clark in a conversation about the importance of the business officer’s role in effective financial communication with campus faculty and staff.

Rachel explains that faculty and staff are critical stakeholders in strategic planning, thus, not giving them a full understanding of at least the operating model and high-level revenues and expenses would be a disservice. They can bring interesting thoughts to the table – especially once they have all the information.

Additional Resources

Connect with Liz on LinkedIn
Connect with Rachel on LinkedIn
Check out NACUBO’s Strategic Higher Education Finance and Planning Course
Learn about Forvis Mazars’ Higher Education Financial Literacy Training
Check out NACUBO’s other podcasts!
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