Responsibility
Activity	Finance and Administration	President	Finance Committee	Board of Regents
General ledger and chart of accounts	Controller recommends and maintains, CFO approves	Delegates to CFO	-	Delegates to President per Gold Book Article II, Sec. 2 (p)
Annual budget, including capital budget	Budget Director develops, CFO recommends	Recommends	Recommends	Approves per Gold Book Article II, Sec. 2 (h)
Bank and investment accounts	CFO/Controller opens accounts, CFO holds signature, authority, Controller assigns access	Delegates to CFO/Controller, holds signature authority	-	Delegates to President per Gold Book Article II, Sec. 2 (p)
Capital asset acquisition and disposal	Purchasing sources and disposes, Facilities manages construction, Accounting capitalizes, tags, inventories, disposes, reconciles	Approves under discretionary authority	-	Delegates discretionary authority to President as part of approved capital budget
Sign contracts, grants, leases	Purchasing, Accounting, Grant Accounting, Compliance Officers monitor compliance	General counsel reviews, President approves	-	Delegates to President per Gold Book Article II, Sec. 2 (p)
Invoice for grants and contracts	Grant Accounting	-	-	-
Cash receipts	Bursar processes, Accounting reconciles	Delegates to CFO	-	Delegates to President per Gold Book Article II, Sec. 2 (p)
Purchasing	Purchasing, Accounting, Grant Accounting or Compliance Officers approve	Delegates to CFO	-	Approve over >$100K per Gold Book Article II, Sec. 2 (q)
Cash disbursements	Accounts Payable processes	President and CFO sign checks	-	Delegates to President per Gold Book Article II, Sec. 2 (p)