Budget & Financial Reporting

The Budget and Financial Reporting department is primarily responsible for:

• Providing budget and financial support to responsibility centers via a dedicated liaison program (Responsibility Center Liaisons).
• Preparing quarterly and annual financial statements for the University in accordance with GAAP for presentation to the Budget and Audit Committees of the Board of Trustees.
• Analyzing actual results and providing quarterly projections to the Budget Committee and senior management.
• Preparing the University's annual operating budget, and assisting in the development of and reporting on the annual and long-term capital budget plan.
• Administering budget funding throughout the year related to revenue-sharing arrangements or other approved initiatives.
• Preparing mandated external financial reporting related to the University including: The finance portion of the Integrated Post-secondary Education Data Survey (IPEDS), Commonwealth Financial Disclosure, and the Commonwealth Appropriation Request. 
• Managing accounting and reporting functions for debt and property, plant, and equipment.
• Preparing and maintaining required disclosures for leased property and equipment.
• Coordinating the preparation of a monthly financial management report provided to the CFO and others in senior management, which includes various analyses such as cash flow, comparisons to budget, summaries of reserve balances, accounts receivable aging, and research activity.
• Completing the monthly and annual general ledger closing processes, as well as system access and security maintenance.
• Preparing financial surveys and questionnaires related to the University.