Ohio Administrative Code › Title 3361:10 - University of Cincinnati › Chapter 3361:10-5 - Organization › Section 3361:10-5-07 - Organization: the vice president for finance

Current through all regulations passed and filed through July 1, 2024
(A) The vice president for finance shall,
			 under the general supervision of the senior vice president for administration
			 and finance, perform the duties listed in this section. The vice president for
			 finance prepares the university's budget, accounts for revenues and
			 expenditures, develops the system of internal controls and the informational
			 base for financial planning and decision-making, coordinates the university's
			 temporary investment portfolio, supervises the preparation of an annual
			 financial report which shall constitute the permanent financial record of the
			 university and the presentation of such report and any other related audit
			 reports to the  audit
			 and risk management committee of the board of
			 trustees. In addition to the foregoing, the vice president for finance shall
			 develop the process for evaluating and selecting underwriting services for the
			 university and shall recommend selected providers to the board. The process
			 developed by the vice president for finance shall be deemed a modification of
			 competitive bidding guidelines pursuant to paragraph (I) of rule 3361: 20-23-02
			 of the Administrative Code.
(B) The
			 vice president for finance shall provide leadership and coordination to the
			 controller, the treasurer, and the offices of budget management and business
			 core systems. The vice president for finance shall also
			 provide
								 management
			 and maintenance of the university's physical plant and utilities; the
			 maintenance and control of university property and inventories; the
			 administration of auxiliaries, including the bookstores, vending, housing and
			 food services, the student union and recreation center, transportation
			 services, trademark and licensing, and parking services; administrative
			 activities related to recreational sports, intramurals, and university
			 conferencing .
(C) The vice
			 president for finance may assign to a branch campus dean the authority to act
			 in his behalf for the management and maintenance of the physical plant of the
			 branch campus administered by that dean, but shall nonetheless retain overall
			 responsibility for such physical plant.
(D) The vice president for finance shall
			 prepare detailed quarterly reports on the finances of the university so as to
			 give the finance and administration committee, through the president, a current
			 picture of the financial condition of the university.
(E) As necessary, the vice president for
			 finance shall develop recommendations for policy or program changes to control
			 expenditures within the level of projected revenues. The vice president for
			 finance shall monitor departmental performance against the budget, and shall
			 provide guidance and internal advising to departments in the area of program
			 planning, budget control, and management improvement.
(F) As necessary, the vice president for
			 finance shall develop recommendations for policy, program and operations
			 changes to conserve resources, introduce cost effectiveness, take advantage of
			 new technologies, and meet changing university needs.
(G) The senior vice president for
			 administration and finance may assign additional responsibilities to the vice
			 president for finance as deemed necessary.