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The Division of Finance oversees a comprehensive financial management system for stewardship of University resources that includes appropriate internal controls and supports compliance with regulatory requirements. We also provide reliable financial information, responsive service, and objective advice to the University community.

Planning & Budgeting Services

  • Financial projections and forecasts – provide data and analysis to inform senior management decisions
  • Budget planning – administer the University’s annual budget process
  • Budget monitoring – track University and unit financial performance against budget throughout the fiscal year

Transactional Services

  • Accounts payable – issue timely, accurate payments to vendors
  • Banking – manage the University’s relationships and accounts with financial institutions
  • Cash management –deposit and disburse cash securely and accurately; managing the University’s cash position
  • Debt management – issue and manage University debt in support of capital investments
  • Effort management – support federally mandated allocation and certification of faculty and staff effort on sponsored agreements
  • Payroll – timely and accurate payment of the University’s faculty, staff, and student employees
  • Purchasing – leverage the University’s purchasing power through strategic and competitive sourcing of goods and services
  • Purchasing Cards – administer a secure, convenient payment method for smaller purchase and business travel for faculty and staff cardholders
  • Results of operations - reappropriate year-end balances to the next fiscal year
  • Tax administration – timely and accurate payment of the University’s state and federal tax obligations
  • Travel & expense reimbursement – timely and accurate processing of travel advances and expense reports

Accounting Services

  • Cost accounting – maintain the integrity of the University’s indirect cost recovery (F&A) and benefits rates
  • General accounting – review, approve, monitor, audit, and reconcile all University financial transactions and activity
  • Endowment accounting – review, monitor, audit, and reconcile all University transactions and activities related to the University endowment
  • Financial statements - produce audited financial statements for the University that present fairly, in all material respects, the financial position of the University in conformity with U.S. Generally Accepted Accounting Principles

Information, Advisory, and Support Services

  • For external stakeholders – provide financial information, publications, and disclosures to government entities, granting agencies, auditors, and others
  • For senior management and the Board of Trustees – provide data and expertise to inform strategic decisions, and directly support the Board Budget, Finance & Investment Committee and the Investment Subcommittee
  • For academic and administrative units – develop University financial management policies and procedures and provide expertise, guidance, and training
  • For finance process owners – provide business process improvement, systems analysis, and project and change management services
  • For DF staff – promote a culture of continuous improvement and responsiveness to the campus community through communication and professional development services