2010 AAUP Financial Officers Meeting

June 17, 2010
This meeting is restricted to AAUP member business managers and financial officers.

Organizer: Russell Schwalbe, Business Manager, University of Wisconsin Press


9:00 am - 9:15 am Introduction, Russell Schwalbe

9:15 am – 11:45 am POD and E -Books: Financial Dataflow, Modeling, and Analysis
This session, complementing the concurrent E-Book Publishing Strategies Workshop, will be a thought-provoking panel discussion focusing on the financial issues we must address as we navigate the many, and changing, digital initiatives afoot at member Presses. It will also provide a sound financial framework for other digital-centric sessions at the Annual Meeting; Innovation and the Future of E-Books, Emerging Business Models in Journal Publishing, The Future of the Past, Economic Models for Scholarly Publishing, and The New Title Budget. Questions to be addressed in this session are:

• How are Financial Officers analyzing the fiscal implications of investing in a digital workflow?
• How do you calculate an ROI for this investment?
• How are you monitoring on-going expenses and revenues of existing digital programs?
• Are the models paying off?
• What operational issues have been the biggest stumbling blocks?
• What financial issues are the most difficult to address?
• How are the transactions being recorded for POD and ebooks? Do you calculate unit cost for ebooks? How are royalties calculated for both?
• Has anyone found a viable P&L for PODs/eBooks? Are you seeing changes in cash-flow?
• How are PODs and eBooks affecting sales of existing backlist inventory?
• How Presses are choosing how much money to invest each year in these initiatives?
• Are Presses hiring for this work, and if so, how are they finding the resources for additional staff?

Panelists: Robbie Dircks, Associate Director and Chief Financial Officer, University of North Carolina Press, Brian M. Norton, Controller, The Jewish Publication Society, Susan Doerr, Operations Manager, University of Minnesota Press, Karen Barch, Operations Manager, Chicago Distribution Center

12:00 pm – 1:00 pm Lunch Break

1:15 pm - 2:15 pm AAUP Statistics Discussion- Kim Schmelzinger, AAUP Consultant
• Kim will review the annual operating statistics survey and take questions.

2:30 pm - 3:30 pm Pulping v remaindering v carrying inventory, and when to go POD?
Panelists: Karen Barch, Operations Manager, Chicago Distribution Services, Jean Kim, Business Accountant, Stanford University Press, Russell Schwalbe, Business Manager, University of Wisconsin Press, additional panelists TBA

3:30 pm – 4 pm Open Forum/Closing Remarks
1. Should we change the timing of the Financial Officers meeting and NOT piggy-back with the Annual Meeting?
2. Leadership development and mentoring opportunities for Financial Officers.

Coffee and pastries were provided courtesy of Grapevine Publishing Services.