| Responsibility |
| Activity | Finance and Administration | President | Finance Committee | Board of Regents |
|---|
| Payroll and benefit changes | Human Resources processes, CFO approves benefit changes | Recommend, Approves filling vacancies, as required | - | Approve per Gold Book Article II, Sec. 2 (d) – (g) |
|---|
| Time sheets | Supervisors approve | - | - | - |
|---|
| General accounting entries | Accounting prepares, Controller approves | Delegates to CFO | - | Delegates to President per Gold Book Article II, Sec. 2 (p) |
|---|
| Management and financial reporting | Controller prepares, CFO reviews and presents | Reviews | Treasurer presents to Board per Gold Book Article VIII, Sec. 8.4 | Reviews |
|---|
| Selection of auditor | CFO/Controller recommends | - | Recommends per Gold Book Article IX, Sec. 9.6 | Approves |
|---|
| Annual audit | Controller prepares, Auditor drafts, CFO reviews and recommends | Reviews | Present to Board per Gold Book Article IX, Sec. 9.6 | Approves |
|---|
| External financial reporting | Controller (or other responsible area) prepares, CFO reviews, recommends, and/or approves as required | Reviews, recommends, and/or approves as required | Reviews, recommends, and/or approves as required | Reviews, recommends, and/or approves as required |
|---|
| Insurance coverage | Risk manager recommends and maintains coverage and manages claims | Delegates to risk manager | - | Delegates to President per Gold Book Article II, Sec. 2 (p) |
|---|