Annual Goals for Controller

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Annual Goals for Controller

2011-2012

Goal 1:

Internal process improvement

Description:

Continue to improve internal processes and risk management for the University.

Budget:

0

University Goals

1,4

Supported:

Strategic Goals Supported:

Responsibility:

Controller

Participation:

VP for Business and Financial Affairs

Results:

Assessments primarily come from the annual audit but can also include other reviews that occur during the year. The audit for FY 2011 contained no findings. Also, the university participated in a reaccreditation review for the Southern Association of Colleges and Schools in early 2012. No findings were noted in that report.

Actions/Improvements:

Questionnaires have been and continue to be developed and administered to assess potential areas of risk. Continuous improvements to internal processes have been implemented, particularly in the area of on-line receipting of revenue. Education on fraud prevention was provided to employees with fiduciary responsibility.

Goal 2: Description:

Budget: University Goals Supported: Strategic Goals Supported:

Enhance access and reporting Optimize the Banner software modules to enhance accessibility to and reporting from financial data. 0 1,4

Responsibility: Participation: Results:

Actions/Improvements:

Controller

Director of Financial Affairs

Assessment is based on requests from users and providing access to meet their needs. Additional access to employees with fiduciary responsibility for auxiliary accounts was provided in FY 12.

Additional access to auxiliary account trail balance accounts was provided to employees with fiduciary responsibilities for these accounts. Additional training on reading and using these reports was also provided.

Goal 3: Description: Budget: University Goals Supported: Strategic Goals Supported: Responsibility: Participation: Results:

Actions/Improvements:

Update policies Update and distribute travel and entertainment policies. 0 1,4

Controller VP Business and Financial Affairs Updated travel and entertainment policies were approved by Executive Council and distributed to campus. Copies are also available on the Controller's website. Updated travel and entertainment policies were approved by Executive Council and distributed to campus. Copies are also available on the Controller's website.

Goal 4: Description:

Budget: University Goals Supported: Strategic Goals Supported:

Offer risk management training Offer training in risk management and business practices to enhance knowledge and awareness of issues. 0 1,4

Responsibility: Participation: Results:

Actions/Improvements:

Controller

VP Business and Financial Affairs

Training on risk management and optimal business practices/fraud prevention was provided over a two day period for employees with fiduciary responsibilities over any university cost center.

Training on risk management and optimal business practices/fraud prevention was provided over a two day period for employees with fiduciary responsibilities over any university cost center.

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