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)