May 2021Responsible Office
To establish policies and procedures governing the monthly accounting, closing and reporting of the University’s financial operations.
The Office of the Comptroller is responsible for:
All operating departments will comply with the closing schedule as established.
All University entities that maintain separate financial accounting systems must report the results of those operations to the Office of the Comptroller on a monthly basis or in accordance with an alternative reporting schedule as agreed to by the Office of the Comptroller.
Monthly statements for all general ledger accounts will be retained by the Office of the Comptroller.
Each Department/School is responsible for reviewing the monthly transaction report for their respective accounts to ensure the accuracy, completeness and validity of each revenue and expenditure transaction. Significant errors or issues arising from this review must be immediately reported to the Office of the Comptroller.