The Finance Division supports the instruction, research, and public service missions of The University of North Carolina at Chapel Hill by providing fiscal leadership, safeguarding University financial assets, ensuring regulatory compliance and providing timely delivery of services to internal and external customers. This mission is carried out through Finance’s vision of providing students, faculty and staff with an efficient and effective financial environment in which to carry out their daily tasks through teamwork, diversity, innovation, honesty and concern for customers.
The mission and vision are carried out by service areas reporting to the Office of the Associate Vice Chancellor for Finance:
- University Controller
(financial statements; monthly and year-end close and reporting; accounting services including unit accounting for endowments and construction accounting; wiring of funds; payroll processing; implementation of budget decisions; and tax and management services)
- Student Accounts & University Receivables
(student billing and collections, campus-based loan billing and collections, departmental deposit processing)
- Internal Controls
(internal control education and updates, self assessments, consultation on internal control projects)
- Director of Treasury and Risk Management Services
(long-term debt management, internal loans, banking services, short-term investments, financial analysis, and insurance and business continuity)
- Director of Procurement Services
(purchasing of goods and services, receipt of goods at central warehouse, central storerooms, asset tracking, vendor payments, employee non-salary payments, and surplus property)
- Director of Communications and Training
(media inquiries for finance areas, financial communications to campus, financial training programs, policies and procedures manual, and web design)
The University of North Carolina at Chapel Hill, as is the case with most universities, initiates and processes financial transactions in a decentralized operating environment. Hundreds of departments across the campus are responsible for their budgets and the initiation, approval and integrity of the related financial transactions processed against those budgets. The Finance Division provides central oversight, review, training, guidance and ancillary services to assist departments in carrying out the decentralized financial responsibilities.