Overview
Effective April 1, 2021, the departments formerly known as Cash & Debt Management and Financial Planning & Analysis merged into Finance & Treasury.
Finance & Treasury’s mission is to optimally access capital, manage the University’s outstanding debt in a way that is cost-effective and compliant, invest the University’s working capital, be a resource to Schools/Centers throughout the University for any cash or banking-related needs, and provide financial planning and analysis to the Division of Finance and the University.
Finance & Treasury includes the following departments and functions detailed below.
Frequently Asked Questions
Central Bank
Penn’s Central Bank includes the following functions:
- Debt Management: The debt management team is responsible for staying abreast of market changes to optimally access capital on behalf of the University and oversees the external debt portfolio to assure compliance.
- Internal Capital Loan Program (ICLP): The internal finance team manages internal capital project certifications and Internal Capital Project Loans (ICPL). They also administer the Equipment Purchase Loan Program (EPLP) to finance equipment purchases for schools and centers.
- Working Capital, Short Term Investments, and Liquidity Management: This team provides competitive returns for the University’s working capital pool while maintaining sufficient liquidity to meet the University’s short- and long-term cash requirements.
Cash Management
Cash Management is responsible for managing the University’s banking relationships and has the sole authority to open and close bank accounts in the name of the Trustees of the University of Pennsylvania. The department oversees the University’s incoming payments (cash, check, credit card and electronic), short-term cash investments and overall cash management functions throughout the University.
Support Inquiries
Email: dofcashmgmt@pobox.upenn.edu
Webform: https://benhelps.upenn.edu
PCI Compliance and Credit Card Support
Email: dof-ccard@pobox.upenn.edu
Phone: 312-829-1200
Financial Planning & Analysis
The Financial Planning & Analysis (FP&A) department’s priorities can be divided into three main areas.
- To help Division of Finance senior leadership optimize financial resources to achieve its goals in the context of a larger evolving landscape for higher education and within the Penn RCM system overseen by the Office of Budget Planning and Analysis.
- To provide data, analysis, and recommendations to Penn senior leadership for short-and long-term planning that allows for optimization of the University’s resources.
- To serve as a strategic resource for the Division of Finance and Schools and Centers in developing planning tools and data delivery methods to decision makers.
