Understanding Financial Exigency: What it Is, How it Works, and Why it Matters

Live Event: 05/08/2025 at 1:00 PM (EDT)

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As colleges and universities navigate ongoing financial challenges, the concept of financial exigency has become increasingly relevant. But what exactly does it mean, and how can institutions determine if and when to declare it? More importantly, what are the risks of not declaring financial exigency when facing severe financial distress?

Join us for an informative webinar designed for higher education leaders, administrators, and financial officers seeking a clear understanding of financial exigency. We will explore:

The definition of financial exigency and its role in institutional financial management
The process of declaring financial exigency and key considerations for leadership
Financial and operational implications of a declaration

Presented By:

Recording

This webinar will be recorded. Registrants will receive an email when the recording is available.

Ruth A. Johnston (Moderator)

Acting Vice President of Consulting

NACUBO

Ruth A. Johnston is the acting vice president of consulting for NACUBO and the founder and owner of RAJ Consulting, LLC. She most recently served as the system vice chancellor and chief operating officer at New Mexico State University (NMSU). Over her nearly four-year tenure, Johnston oversaw vital areas, including finance and business services, facilities and services, enterprise risk management and safety, human resource services, information and communication technologies, government and community relations, and marketing and communications. Prior to this, Johnston held the role of vice chancellor for planning and administration at the University of Washington (UW) Bothell. Notably, she led the development of a pioneering hybrid budget model based on responsibility-centered management principles. In 2008, she established UW's sustainability office and masterminded the development of UW's Climate Action Plan. Johnston's educational journey is marked by a doctorate in organizational development and higher education, a master's degree in human relations, and a bachelor's in counseling psychology/social sciences.