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Financial Management
About the Department
In consultation with the Senior Vice President
for Business and Finance and others, the Financial Management
Department is responsible for conducting financial analyses
of University programs. The department develops and recommends
financial policies, strategies, plans and programs for meeting
current and future needs of the University. Advice, consultation,
and assistance are provided to the University community regarding
financial analysis, accounting, Office of the President
budgeting,
strategic sourcing, affirmative action business contracting,
research and grant administration, and payroll.
In addition, the department is charged
with University financial and accounting reporting and controls
and with developing corporate reports and other information.
Federal, state, and private sponsor audits and audits conducted
by the Regents' external auditors are reviewed, negotiated
and resolved. Finally, the department administers the University's
risk management program, and reviews and monitors campus and
hospital operations for conformance with established financial
and business policies.
Business and Finance Division Principles
- We strive for excellence in everything we do.
- We foster the UC values of honesty, integrity, and respect
for diversity.
- We foster collaboration while respecting individual campus
needs and approaches.
- We provide the means to help all members of the UC community
fulfill their business objectives in a responsible, ethical,
and a cost-effective manner.
- We balance current needs with the need to safeguard and
cultivate future University resources.
- We localize decision making authority whenever possible
and link localized authority with responsibility and accountability.
The vision, mission statement and the guiding
principles are the template upon which the division goals
were formulated to serve UC faculty members pursuing UC's
teaching, research, public service, and patient care mission
and to fulfill the Division's fiduciary responsibilities.
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