Financial Management Services (FMS) is responsible for managing the University’s treasury, financial compliance, tax compliance, and business systems administration and support. It works closely with Accounting and Financial Reporting, Budget Office, Purchasing, Payment Services, Bursar, and Payroll to ensure that the official records of the University are up-to-date and accurate. In addition, FMS works with Information Technology to deploy enhancements, system upgrades, reporting solutions, and to implement policies and procedures to safeguard the assets of the University. It also participates in the design and delivery of business systems functional training to end-users throughout the campus. Financial Management Services continuously strives to prescribe, design, and implement process improvement solutions.
Account Reconciliation for FY20, Period 3 is due on January 28, 2020.
The Fiscal and Business Officers met November 20, 2019. The materials from the meeting are available for download:
Treasury Management oversees daily banking activity, short-term and intermediate-term investment activity. Specific functions include cash flow management, bank and investment account reconciliations, credit card processing, departmental deposits, and bank relationship management. Treasury Management can also help departments who need training and guidance on cash handling. [email protected]
Financial Compliance is in charge of performing risk assessments and developing monitoring plans for high risk area. This function also serves as the primary administrator of the Account Reconciliation Application (ARA) and year-end certification process (Letters of Representation / LORs). [email protected]
Tax Compliance ensures the University complies with tax obligations for students, employees, and vendors. [email protected]
System Administration is responsible for Financial System maintenance, involving chart of account maintenance, assisting with reporting and analysis, administering financial system security and providing support to administrative personnel involving ledger and budget matters. This team also oversees general ledger configuration, workflow administration and monitors role-based security. [email protected]
Vendor Management oversees all vendor actions conducted for the University and processes all vendor-related documentation and vendor file maintenance including issuance of 1099 MISC forms for the University. [email protected]
Email [email protected] for other inquiries.