2.E.3 Financial Management
Financial resources are managed transparently in accordance with policies approved by the institution鈥檚 governing board(s), governance structure(s), and applicable state and federal laws.
This section provides evidence of compliance with Eligibility Requirements 18. PUBLIC INFORMATION, 19. FINANCIAL RESOURCES AND PLANNING, and 20. FINANCIAL ACCOUNTABILITY.
UAF complies with UA BoR policies related to the management and oversight of financial resources. These policies are stated in and ensure that university resources are properly utilized, safeguarded, and reported in accordance with general accounting and governmental reporting standards. They also require the university to comply with all state and federal governmental accounting and reporting requirements.
UAF financial management and accounting activities align with procedures established by the to ensure compliance with federal, state, UA BoR, and industry standards, as published in the . The ensures compliance with all policies and regulations by employing an developed by the chief audit executive who reports administratively to the UA System chief financial officer, and functionally to the .
UAF Administrative Services supports UAF through exemplary fiscal stewardship and publishes budget and financial services policies and procedures that align with and clarify or expand on UA BoR policy, university regulation, or UA System guidance.
The UAF vice chancellor for administrative services, the associate vice chancellor for financial and business services, and financial staff regularly monitor and employ best practices from professional organizations, such as the , the , and . This includes participating in workshops and conferences to improve professional practice.
UAF is subject to a range of federal requirements that relate to financial resources. As for grants and contacts, pre- and post-award oversight are centralized through the UAF Office of Grants and Contracts Administration (OGCA) to ensure compliance with Office of Management and Budget circulars and other federal agency rules. OGCA holds regular 鈥渢able topic鈥 meetings to discuss any changing rules or processes, provide training, and generally engage UAF鈥檚 research community.