Office of the Chief Financial Officer

The Office of Finance, under the leadership of the Chief Financial Officer, is an independent finance unit that reports to the Government of the District of Columbia. This office is responsible for direct oversight and supervision of the financial and budgetary operations of each component of the university. The Office of Finance is entrusted with supporting the mission of the university through meticulous stewardship of the university’s resources.  The Office of Finance manage all financial operations, including the maintenance and security of a university-wide ERP system that is utilized to budget, spend, collect, control, and properly account for more than $173 million in annual operating and $49 million in capital funds. Among these duties, the Chief Financial Officer is responsible for fulfilling all compliance and fiduciary requirements such as accounting and reporting, cash and debt management, payroll, and purchasing.

Mission

The mission of the Office of the Chief Financial Officer is to support the university’s core goals and vision 2020 by:

• Delivering balanced budgets and clean audits
• Providing accurate, reliable, and timely financial information
• Implementing best practices related to budget formulation and execution, reporting and analysis, and financial management.
• Being responsive to the needs of our campus community and residents of the District of Columbia
• Maintaining exemplary levels of customer service

Performance

The Office of the Chief Financial Officer is committed to providing exemplary customer service through:

• A diverse culture of excellence, professionalism, and urgency that is reflected in our daily operations
• Energized staff members who understand their respective roles and are equipped with the tools and training to succeed
• Strong internal controls, policies, and procedures that are documented and known by all stakeholders
• Streamlined ERP business systems and processes that meet the needs of our customers
• Periodic audits that ensure compliance with all applicable accounting policies and procedures under the legislative authority of UDC and the Government of the District of Columbia