Uvu Finance Office - Financial Power

The Utah Valley University (UVU) Finance Office plays a crucial role in managing the university’s financial resources and ensuring its fiscal health. Responsible for overseeing all financial transactions, reporting, and compliance, the office provides essential services to students, faculty, staff, and the broader UVU community.

One of the primary functions of the Finance Office is managing tuition and fees. They are responsible for billing students, processing payments, and providing information regarding payment plans, deadlines, and refund policies. The office strives to make the payment process as straightforward and transparent as possible, offering various payment options online and in person. Student inquiries regarding billing or account balances are handled by dedicated personnel within the department.

Beyond student finances, the Finance Office oversees the university’s budget development and execution. They work closely with various departments and divisions to develop a comprehensive budget that aligns with UVU’s strategic goals and priorities. They monitor expenditures throughout the fiscal year, ensuring that departments adhere to budget allocations and comply with university policies and state regulations.

The Finance Office also plays a vital role in procurement and accounts payable. They manage the university’s purchasing processes, ensuring compliance with bidding requirements and vendor selection policies. They process invoices from vendors, ensuring timely and accurate payments for goods and services received. They strive to obtain the best possible value for the university’s expenditures while maintaining ethical and transparent business practices.

Accurate financial reporting is another key responsibility. The Finance Office prepares monthly, quarterly, and annual financial statements that provide a comprehensive overview of the university’s financial performance. These reports are used by university leadership, the Utah System of Higher Education, and other stakeholders to make informed decisions about resource allocation and strategic planning.

Furthermore, the Finance Office ensures compliance with all applicable federal, state, and local regulations related to financial management. They work closely with internal and external auditors to conduct regular audits and reviews, ensuring the integrity of the university’s financial records and internal controls. They also stay abreast of changes in accounting standards and regulations, implementing necessary updates to policies and procedures.

The Finance Office is committed to providing excellent customer service. They strive to be accessible and responsive to inquiries from students, faculty, staff, and the public. They offer training and resources to help individuals understand university financial policies and procedures. Their website provides a wealth of information, including contact details, forms, and frequently asked questions.

In conclusion, the UVU Finance Office is an essential component of the university’s operations. Through its diverse range of responsibilities, including student financial services, budget management, procurement, financial reporting, and compliance, the office contributes significantly to the financial stability and success of Utah Valley University.