There was an article in the Chronicle of Higher Ed the other day about the AAUP with an EMU connection: “AAUP Says It’s Rebounding, Though Challenges Remain” includes mention of EMU’s own Howard Bunsis, who is now the National Treasurer. Here’s a quote featuring him:
Howard J. Bunsis, the group’s secretary-treasurer and a professor of accounting at Eastern Michigan University, hit the back-on-track theme in his report on the group’s finances. “We’ve turned the corner,” Mr. Bunsis said. Although the group’s investments took a major hit because of the recession, he reported, the group had a positive cash flow last year after several years’ worth of faulty accounting and budgets in the red.
He credited a campaign of streamlining and cost-watching for the change. “We were paying very high-priced CPA’s to do internal financial accounting we should have been doing,” Mr. Bunsis said. Moving that work in-house “is the main reason” for the improved financial outlook, along with an uptick in membership revenue.
Great job, Howard!
Nothing ever goes wrong when you self regulate.