University of Connecticut University of UC Title Fallback Connecticut

Financial Processes

Financial Processes

  • Executive Vice President and Chief Financial Officer

  • Under the Executive Vice President and Chief Financial Officer (EVPCFO), the Finance Division manages the financial resources of the University and is responsible for coordinating the development of financial plans, implementing the annual budget, financial reporting, accounting, and debt management.
  • LINK: Chief Financial Officer
  • Budget Office

    1. The Budget Office Office plans and manages the financial resources available to the University.
    2. Among its many responsibilities are development of the annual operating and capital budgets, maintaining of long-range financial planning models, development of budget forecasts, revisions, reports and analyses to support university-wide resource allocation and decision-making, and providing financial management and budget training to the campus.
  • LINK: Budget Office
  • Treasury Services

    1. Treasury Services manages the bond issuance process, the investment and disposition of bond funds, and management of other financial resources of the University.
    2. Treasury Services acts as the clearinghouse for all of the bond fund inflows and outflows totaling several hundreds of millions of dollars, and is responsible for debt management.
  • LINK: Treasury Services
  • Office of the Controller

  • The Office of Controller has oversight over the Accounting Office, Accounts Receivable, Accounts Payable, Office of the Bursar, Cash Operations, Cost Analysis, Financial Systems
    (FRS), and Tax and Compliance.
  • LINK: Office of the Controller
  • Accounting Office
    1. The Accounting Office includes General Accounting (financial accountability and compliance, accounting policies, procedures and reference source, and information on processing major forms in various units of Accounting); Financial Reporting (annual, quarterly, and other financial reports, new account requests; and Plant Funds/Inventory Control (construction projects (Project Accounting), bond and long-term debt, and equipment inventory (Inventory Control) and capitalization).
  • LINK: General Accounting
  • LINK: Financial Reporting
  • LINK: Inventory Control
  • Non Student Accounts Receivable
    1. Non Student Accounts Receivable is responsible for a number of processes, including but not limited to: Processing of Service Transfer Invoices through the Core-CT billing system for other State of Connecticut agencies (where the University is the creditor), after the KFS invoice has been posted to the customer account in KFS; forwarding quarterly customer statements; sending past due accounts to collection; assisting KFS end-users with the A/R module including creating new customers and posting customer invoices and credit memos.
  • LINK: Non Student Accounts Receivable
  • Accounts Payable
    1. Accounts Payable handles reimbursement/payment for personal services and certain other purchases through vouchers, purchase orders, Special Payroll (SPAR),
      and personal services agreements. Services and purchases include: fees/honoraria for lecturers, speakers, and consultants; purchase of services such as photography, computer software,and equipment maintenance; reimbursements for luncheon or dinner meetings in connection with University business or for entertaining guests visiting the University on official business; certain emergency or entertainment out-of-pocket expenses; and certain purchases at the UConn Co-op.
    2. NOTE: Please go to the Accounts Payable website for complete policies and procedures including restrictions, forms to file, etc.
  • LINK: Accounts Payable
  • LINK: Accounts Payable Forms
  • Office of the Bursar
    1. The Bursar’s core function is to produce accurate electronic billing statements and collect student obligations on behalf of the University.
  • LINK: Office of the Bursar
  • Cash Operations
    1. Cash Operations processes departmental deposits, change orders and short-term advances.
  • LINK: Cash Operations
  • Office of Cost Analysis
    1. The Office of Cost Analysis provides a wide range of services and oversight to many individual departments and is responsible for ensuring that federal requirements
      are known and followed. An annual review of the service centers is made to confirm that the University is in compliance with the cost principles and accounting standards set forth by the U.S. government. The review includes any cost adjustments made outside of the normal purchasing or payroll process.
  • LINK: Office of Cost Analysis
  • Financial Management System (Kuali)
    1. For information about Kuali, please go to the Kuali page of the Resource Guide.
  • LINK: KFS – Resource Guide
  • Tax & Compliance Office
  • LINK: Tax & Compliance Office