Financial Services Manual (FIN)

Effective: 7/1/2006

Revised: 3/1/2007

FIN 215: Vice Presidential and College Area Responsibilities

Purpose

To describe the responsibilities of each vice president and dean and their respective vice presidential and college areas with regard to agency/org deficits

Source

University policy

Policy

The vice president and dean and their respective chief business or financial person of each vice presidential or college area has the following responsibilities:

1. To monitor that departments under them are controlling spending so that agency/orgs do not go into deficits and to periodically review roll-up financial information in the accomplishment of this objective.
2. To determine a funding source for any agency/org that goes into deficit.
3. To facilitate the movement of accounts for any departments or colleges moving from one vice presidential or college area to another. The previous vice presidential or college area retains responsibility for any deficits of the departing department or college area until the roll-ups of the agency/orgs within Advantage for that department or college area have been changed to the vice presidential or college area assuming responsibility.

Cross-Reference

For more information, see FIN 203, “Org Manager Responsibilities.”

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