The UITS Finance Office doesn't just oversee budgets and payroll. It also manages funds for essential research, equipment testing and loans, travel reimbursement requests, and more.
Learn more about the most common services below:
Financial management and support are crucial elements in the day-to-day operations of any organization. At UITS, the Finance Office provides comprehensive services that support financial and administrative activities, including:
The Finance Office also oversees timekeeping and payroll for UITS employees as well as contracts and grants for researchers.
Each year, the Finance Office creates ABC reports, which outline both the total and unit costs of UITS-provided services. The reports compare any increases in costs to growth in services.
These comparisons reveal the "bigger picture" of a service and find answers to questions beyond the bottom line: how many people are satisfied with the service? How many people are using it? ABC reports help the office make decisions based on different aspects of a service.
Costs measured on the reports can be directly incurred through providing organizational support or services, e.g., salaries, hardware maintenance, software licenses, etc.
Activity-Based Costing is a practice unique to UITS. The yearly reports are available both publicly and internally.
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