Ohio Dominican Finance Office - Financial Business

Ohio Dominican University Finance Office

The Finance Office at Ohio Dominican University (ODU) is a crucial department responsible for managing the institution’s financial resources and ensuring its long-term financial health. This encompasses a wide range of activities, from tuition billing and student accounts to budget planning, financial reporting, and investment management.

For students and their families, the Finance Office is often the primary point of contact for questions related to tuition and fees, payment plans, and refunds. They manage student accounts, ensuring accuracy and efficiency in processing payments. Staff members are dedicated to assisting students in navigating the often-complex world of higher education finances. This includes providing information on payment options, addressing account discrepancies, and offering guidance on understanding financial statements.

Beyond student-related finances, the Finance Office plays a vital role in the overall financial management of the university. This includes developing and managing the university’s budget, a critical process that involves allocating resources to academic departments, administrative units, and capital projects. Careful planning and execution of the budget are essential for ensuring that ODU can effectively fulfill its mission of providing a high-quality education and supporting its students, faculty, and staff.

The office is also responsible for preparing financial reports that provide a clear and accurate picture of the university’s financial position. These reports are used by university leadership to make informed decisions about resource allocation and strategic planning. Furthermore, these reports are essential for maintaining transparency and accountability to ODU’s stakeholders, including the Board of Trustees, donors, and the broader community.

Investment management is another key function of the Finance Office. They oversee the university’s endowment and other investments, working to maximize returns while adhering to responsible investment principles. Sound investment strategies are vital for ensuring the long-term financial stability of the university and providing resources for future generations of students.

In addition to these core functions, the Finance Office also handles accounts payable, processing payments to vendors and suppliers. They ensure that all financial transactions are conducted in accordance with established policies and procedures and in compliance with all applicable laws and regulations. This includes adherence to generally accepted accounting principles (GAAP) and compliance with federal and state tax laws.

The Finance Office at Ohio Dominican University is staffed by a team of experienced professionals dedicated to upholding the highest standards of financial integrity and providing excellent service to the university community. They are committed to ensuring that ODU remains a financially sound and sustainable institution, capable of fulfilling its mission for years to come.