Fall on campus

This annual review highlights the Division of Finance's accomplishments and contributions in fiscal year 2018.

  • ENSURING UVM'S FINANCIAL SUSTAINABILITY

    In support of academic quality and affordability

    • Integrated UVM’s strategic financial planning model into executive decision-making and the annual agenda of the Board of Trustees Budget, Finance & Investment Committee
    • Implemented a process for planning and accounting for deferred maintenance projects in conjunction with Physical Plant
    • Chaired the Standard 7 Financial Resources Subcommittee for UVM's 2019 New England Association of Schools and Colleges (NEASC) reaccreditation self-study
    • Developed an improved system for forecasting revenues and monitoring expenditures in the Athletics department
    • Successfully negotiated an extension of University’s F&A FY18 rates through FY21
    • Implemented Uniform Guidance requirements for small purchases on sponsored projects
    • Prepared FY19 fringe rate proposal
    • Inventoried University agency funds in preparation for compliance with Governmental Accounting Standards Board (GASB) Standard 84: Fiduciary Activities
    • Began inventory of all University lease agreements and issued request for proposals for a consultant to implement PeopleSoft Lease Administration in preparation for compliance with GASB Standard 87: Leases
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Thank you for taking the time to explore this report. I welcome any feedback on how our Division may serve you better.

Richard H. Cate, VP for Finance and Treasurer