Re: bursar-l: (no subject)

1. Muskingum's annual expense equates to 16 bp of gross tuition, 26 bp of
net tuition (bp is basis point or 1/100 of a percent).

2. We look at our reserve as a percentage of accounts aged over 180 and
over 365 days. The balance in our bad debt reserve was 24% of the accounts
over 180 days and 40% of the accounts over 365 days. That worked out to 11%
of the total A/R.

If you make a summary of your responses, I'd love to see a copy.

Philip E Laube, CPA
Controller & Senior Finance Manager
Muskingum College
New Concord, OH 43762-1199
740-826-8101/740-826-8196 Fax
http://www.muskingum.edu/home/business/

-----Original Message-----
From: bursar-l-bounces@list.mail.virginia.edu
[mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of Maciulewicz,
Pamela A.
Sent: Wednesday, October 24, 2007 6:09 PM
To: bursar-l@list.mail.virginia.edu
Subject: bursar-l: (no subject)

I am currently reviewing the collection activity of the office. I had two
questions that I would appreciate responses on:

1. What % of your institution's tuition/fees/room/board
revenue do you expense as bad debts annually?

2. What is the % of current student accounts receivable
that you reserve as uncollectible?

Thank you for your time and responses.

Pam Maciulewicz

Bursar

Lewis University

One University Parkway

Unit 295

Romeoville, Illinois 60446

(815) 836-5283

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Received on Mon Oct 29 15:39:26 2007