Here’s an overview of the Brookes Finance Office, formatted in HTML:
The Oxford Brookes University Finance Office is responsible for managing the university’s financial resources, ensuring efficient and effective financial operations across all departments and activities. It plays a crucial role in supporting the university’s mission of providing high-quality education and research.
Key Functions:
- Financial Accounting and Reporting: The office maintains accurate financial records, prepares statutory financial statements, and ensures compliance with all relevant accounting standards and regulations. This includes producing annual reports, managing audits, and providing financial information to internal and external stakeholders.
- Budgeting and Planning: The Finance Office coordinates the university’s annual budget process, working with departments to develop realistic budgets aligned with strategic goals. They monitor budget performance throughout the year, providing analysis and advice to budget holders. This involves forecasting future financial performance and identifying potential risks and opportunities.
- Treasury Management: Managing the university’s cash flow, investments, and borrowing is a core function. The office seeks to optimize returns on investments while ensuring sufficient liquidity to meet operational needs. They also manage relationships with banks and other financial institutions.
- Procurement and Payments: Responsible for the university’s procurement processes, ensuring value for money and compliance with procurement regulations. This includes managing supplier relationships, processing invoices, and making payments to suppliers, staff, and students.
- Student Finance: The Finance Office manages student tuition fee payments, providing information and support to students regarding payment options and financial regulations. They also administer student loans and bursaries.
- Payroll Services: Processing payroll for all university staff, ensuring accurate and timely payments while complying with tax regulations. This includes managing deductions, administering pension schemes, and providing payroll reporting.
- Financial Systems and Controls: The Finance Office maintains and develops the university’s financial systems, ensuring data integrity and security. They also implement and monitor internal controls to safeguard university assets and prevent fraud.
Contacting the Finance Office:
Students and staff can usually contact the Finance Office through a variety of channels, including:
- Online Portal: Many common queries can be resolved through the university’s online portal, which provides access to financial information and self-service tools.
- Email: Specific email addresses are typically available for different types of inquiries, such as student finance, supplier payments, or general accounting questions.
- Phone: A telephone helpline is usually available for urgent queries or for those who prefer to speak to a representative directly.
- In-Person: While increasingly less common, some face-to-face support may be available at designated locations on campus.
The Finance Office strives to provide efficient and professional service to all stakeholders, ensuring the financial sustainability of Oxford Brookes University.
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