Self-supporting units provide goods or services to students, faculty and/or staff, and charge a fee directly related to, although not necessarily equal to, the cost of the goods or services. Although very different in nature, there are many commonalities between these units in terms of financial requirements and operational compliance. This group will support the financial operation of self-supporting units by providing a space to:
- Discuss financial and audit requirements;
- Share best practices in the areas of reporting, compliance and internal controls. Tools may include datawarehouse, queries, templates and internal procedures;
- Identify opportunities to streamline processes such as preparation of pro forma statements and processing of payments;
- Determine financial ratios that may impact debt capacity and other institutional measures.
Individuals with financial management/oversight responsibility (typically budget analysts) for self-supporting units-Housing, Parking, Health Center, CEL, Auxiliaries, and representatives from Accounting Services and Budget Office.