Accounting Activities

The staff of the Division of Finance and Administration manage and process financial information for the University. The major activities include:

  • General ledger
  • Budgeting
  • Cash management
  • Endowment investment management
  • Capital assets management
  • Student revenue and accounts receivables
  • Grants management
  • Cash receipts
  • Procurement
  • Accounts payable and cash disbursements
  • Payroll
  • General accounting
  • Management financial reporting
  • Annual audit
  • External financial reporting
  • Information technology
  • Risk management
  • Document retention

Responsibilities

The bylaws, as published in the Gold Book, outline the responsibilities of the Board of Regents and Officers of the University.

The table below summarizes the assignment of responsibilities for the major activities of KSU.

Certain business activities of the university also fall under the additional responsibility of the Kentucky Council on Post-secondary Education (CPE).

Responsibility
ActivityFinance and AdministrationPresidentFinance CommitteeBoard of Regents
Accounting policiesController develops and revises, CFO recommends-RecommendsApproves per Gold Book Article II, Sec. 2 (l)
Accounting proceduresController develops and maintains, CFO approvesDelegates to CFO-Delegates to President per Gold Book Article II, Sec. 2 (p)