Department of Financial Resources

Our Vision

The Office of Financial Resources, Assurance & Policy Analysis is a team of diverse financial professionals who provide insight and guidance for effective budget management, as well as being good stewards of resource allocation and utilization.

Purpose

The Office of Financial Resources, Assurance & Policy Analysis focuses on transforming administrative processes, systems and infrastructure throughout the Institution to enable employees to spend more time on value-added activities.

Services

The Office of Financial Resources, Assurance & Policy Analysis provides the expertise, tools and other vital resources and services to help the campus community make informed decisions, plan thoughtfully for the future, and utilize its resources in the most effective and efficient manner. UNTHSC is a complex organization that has a budget of over $300 million allocated over two hundred fund sources with employees totaling over 1,400 FTEs.

The Office of Financial Resources, Assurance & Policy Analysis is comprised of several major units including Budget, Financial Planning & Policy Analysis, Financial Assurance and Financial Systems.  Collectively, these offices support the institutional community through five core services. Through these services, the Office helps to ensure the institution’s financial strength and preparedness for current and future economic events.

Strategic Financial Resource Planning

  • Long-range financial planning for the overall Institution financial plan
  • Budget planning process linked to strategic priorities
  • Operational efficiencies and opportunities for resource enhancement
  • Contingency planning for the overall University financial plan

Budget & Management Analysis

  • Annual budget development
  • Position management
  • Budget monitoring
  • New budget plan development
  • Legislative Appropriations Request development

Financial Assurance & Policy Analysis

  • Analyzes and makes recommendations on financial policies, procedures and processes
  • Provides banking services, including management of daily cash flow and investments
  • Provides endowment accounting and financial reporting of endowed funds
  • Provides institutional oversight of the official accounting records and assets
  • Evaluates and seeks ways to improve customer service

Institutional Intelligence and Business Analytics

  • Oversees budget systems and supports other planning systems
  • Provides training to support the annual development of institutional operating budgets
  • Creates system to quantify revenue and expenses and to report actual results
  • Coordinates and administers financial data access and helps to resolve related issues
  • Builds financial analytic tools to assist internal customers with decision-making

Institutional & cross-collaborative leadership

  • LEAN program
  • TCU / UNTHSC MD program collaboration
  • UNTHSC Foundation transition
  • Institute development
  • Chart of Accounts development
  • PeopleSoft Finance upgrade
  • Hyperion Budget & Planning module

 

This page was last modified on August 17, 2017