The Office of the Vice Chancellor for Finance and Administration provides support for the System governance and leadership functions as well as overall administrative support for the individual universities in certain specialized financial areas. These support services allow the System as a whole to achieve economies of scale and thereby reap significant financial savings.
Although each university has an accounting staff to process daily transactions, conduct banking activities, and coordinate financial planning at the university level, the role of System Office Finance and Administration encompasses overall treasury operations, accounting, internal audit functions, policy development, budgeting, and consolidated internal and external financial reporting.