This area involves the direction and/or coordination of all fiscal activities of the college. While each individual academic unit has primary oversight and accountability for its own resources (whether secured through allocation or award), the dean is the chief steward of all moneys and in-kind resources that flow through the college and, consequently, is held accountable by the university for their use. An important part of the Office of Finance and Administrative Affairs mission is to ensure responsible and appropriate fiscal management of the college’s resources.
Appropriate management of resources provides the dean (1) opportunities for sound strategic planning; (2) assurance of compliance with federal, state, and university statutes and policies; and (3) fiscal and administrative integrity that promotes meaningful relationships with outside constituencies.
Personnel permanently assigned to each academic department perform general accounting for all state allocations and grants/contracts within the unit. Principal investigators should expect a monthly analysis of expenditures and available funds for each grant/contract; however, primary responsibility for administering the grant or contract belongs to the principal investigator. Investigators are encouraged to work closely with accounting personnel and the department head to ensure appropriate management of funds.
Total expenditures in the college represent a combination of funds from state budgets, gifts, grants, and contracts.