Budget Operations / Financial Reporting / Financial Planning

The Budget Operations (BO), Financial Reporting (FR), and Financial Planning (FP) departments are primarily responsible for:

• Participating in implementing and overseeing the new Budget Model ReSTART, which is a new budget tool that provides transparency into central services, support unit costs, revenue generation, and surplus/subvention levels by Responsibility Center.  This tool was developed to create incentives to generate new revenue, archive cost efficiencies, support strategic initiatives, and collaborate on research initiatives.
• 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 providing quarterly information to senior management and committees of the Board of Trustees.
• Assisting with the development of the University's annual operating budget and 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.
• Preparing financial management reports for the CFO and others in senior management, including analyses such as cash flow, 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.
• Budgeting and forecasting of enrollment and tuition revenue.
• Overseeing a variety of projects within the Controller's Office using financial modeling and multi-year planning for strategic initiatives, as well as completing ad-hoc requests for senior management.