Associate VP of Finance & Business Services
(708) 456-0300, Ext. 3574
Executive Director of Finance
(708) 456-0300, Ext. 3542
Assistant Director of Finance
(708) 456-0300, Ext. 3541
Current millage rate is 57.5 cents per mile.
The Finance area of the college consists of the Accounting Department, Accounts Payable, Bursar’s Office, Payroll Office and Purchasing. The mission of the Finance Department is to record, summarize and report financial information in a timely and accurate manner; process amounts received by the college for tuition, fees, grants, tax levy, and other revenue; pay vendors, students, staff and others amounts owed by the college; monitor compliance to the budget; make certain financial transactions; and have proper supporting documentation that is processed according to the college’s policies and procedures. The department invests college funds as directed by the Treasurer and pays long-term debt of the college.
MAJOR GOALS 2015-2016
To support new and innovative initiatives that support student success and are an integral part of the Strategic Plan.
To develop customer service and quality initiatives in the Finance area that focus on student success and retention.
To complete the college’s financial reporting requirements, including the issuance of a Comprehensive Annual Financial Report (CAFR).
To operate Bursar’s function in a manner that provides students with prompt and courteous service in a cost-effective and professional manner.
To accurately pay employees, as well as submit payroll-related deductions and taxes to the appropriate receiver.
To obtain goods and services as required by the college as needed.
To collaborate with the Research Department to provide financial data for the completion of the College’s Unit Cost and Uniform Financial Statements and other financial reporting as required.
To review documentation of key processes and internal controls and to develop and implement electronic business operation forms with emphasis on increased automation in the purchase order process.
To make available business office procedures on the Portal and to identify and address key customer service components to insure successful implementation.
To continuously improve fixed asset controls and the inventory reporting process and to establish an inventory reconciliation process which insures ICCB and grant compliance.
To implement change management to support the successful implementation and usage of a new ERP computer system.
To administer all aspects of bond issuance, repayment and long-term project funding.