Unc Finance And Administration - Financial Business

UNC Finance and Administration (F&A) provides essential services and resources that enable the University of North Carolina at Chapel Hill to fulfill its mission of education, research, and public service. The division encompasses a broad range of functions, ensuring the university operates efficiently and effectively.

Financial Management: At the core of F&A lies financial stewardship. This includes managing the university’s budget, developing financial policies, and ensuring compliance with federal, state, and university regulations. The Controller’s Office oversees accounting operations, financial reporting, and internal controls. They prepare the university’s audited financial statements and manage its relationship with external auditors. Treasury Management handles cash flow, investments, and debt management, aiming to maximize returns while mitigating financial risks. The Budget Office develops and manages the university’s annual budget, allocating resources strategically to support academic and administrative priorities. Procurement Services oversees the acquisition of goods and services, ensuring fair competition and cost-effectiveness.

Facilities and Operations: F&A is also responsible for the physical environment of the campus. Facilities Services manages the construction, maintenance, and renovation of buildings and infrastructure. This includes utilities management, groundskeeping, and custodial services. Real Estate Operations handles the acquisition, disposition, and management of university properties. Environment, Health and Safety provides programs and services to promote a safe and healthy campus environment, encompassing laboratory safety, hazardous waste management, and occupational health. Transportation and Parking oversees parking facilities, shuttle services, and alternative transportation options, aiming to ease commuting and reduce traffic congestion.

Human Resources: Human Resources is a vital component, responsible for attracting, retaining, and developing a diverse and talented workforce. This includes recruitment, compensation and benefits administration, employee relations, and training and development. They ensure compliance with employment laws and regulations and foster a positive and inclusive work environment.

Public Safety: Ensuring the safety and security of the campus community is paramount. The Department of Public Safety provides law enforcement, emergency response, and security services. This includes the UNC Police Department, which patrols the campus and investigates crimes. They also offer crime prevention programs and emergency preparedness training.

Auxiliary Services: F&A also oversees a range of auxiliary services that support the university community. These include campus dining, housing, bookstores, and student stores. These services operate on a self-supporting basis, generating revenue to cover their operating costs.

In conclusion, UNC Finance and Administration plays a critical role in supporting the university’s mission by providing sound financial management, maintaining a safe and attractive campus environment, fostering a supportive work environment, and delivering essential services to students, faculty, and staff. Its effectiveness directly impacts the university’s ability to attract top talent, conduct groundbreaking research, and provide a high-quality educational experience.