Finance and Business Operations

The Finance and Business Operations unit is responsible for all the day-to-day accounting functions and activities of the UMIT department, and ensures compliance with University financial policies and procedures.

Finance and Business Operations functions include:

  • Budgeting
  • Hardware Procurement
  • IT Administrative Functions
  • Software Procurement and Contract Review
  • Space Management

For more information, visit the following team pages:

This unit is responsible for:
  • Account monitoring and reconciliations
  • Billing
  • Budget development and monitoring
  • Collections
  • Facilitate space planning, relocations, and renovations
  • Financial modeling for telecommunication rates and projects
  • Hardware and software procurement for the University
  • Inventory accounting
  • Monthly financial forecasts
  • Negotiation of contracts, which are then communicated to General Counsel for their review and revision, and then sent to Purchasing for execution and renewals
  • Process all business reimbursements (BERF), check requisitions, and other payment requests
  • Purchasing, including and tracking the process flow from the creation of purchase requisitions through the payment of invoices
  • Reimbursement for business-related travel and conferences
  • UMIT capital planning
  • Variance reports