General Information

The Controller reports directly to the Chief Financial Officer. The Controller is responsible for tax compliance, financial reporting, purchasing, and the property office. Looking for MTU financial reports? Visit the Reports page.

Controller Functions and Responsibilities

Banner and Discoverer
Plant Fund
Property Office
Purchasing
Tax Accounting

Accounting Services Organization Chart

Financial Reports

All of the MTU Financial Reports are located on the Reports page.

Banner Accounts' Financial Manager's Responsibilities

Financial Manager Defined: The department employee who is appointed to operate and maintain a particular index, also known as the account custodian. The financial manager is responsible for all activities in that index.

Fiscal Responsibility Highlights 
Overview
Incentive Guidelines

Prohibited purchases:
Purchasing Card
Petty cash

Emerging Issues - Financial Reporting

What's New at the GASB Website?

GASB Pension Disclosures
Exposure Draft

GASB Statement No. 45: (FY08)
Accounting and Financial Reporting by Employers for Postemployment Benefits other than Pensions.
This is a good example. However, it isn't MTU's.

Service Efforts and Accomplishments (SEA) Reporting

FASB Emerging Issues
Typically the activity and decisions of the FASB precede similar activity of the GASB.
FASB Task Force Addresses Sabbatical Leave

AICPA SAS112

Closing Schedules

Payroll
Monthly

The books are typically closed at 5:00pm on the second working day of the month. Departmental transactions therefore need to be completed by noon of that day.

Month-end reports are generally available on the morning of the third working day of the month.

Year End (2007)
Year End (2006)
Year End (2005)
University use only: DRAFT - FY06 Audit Completion Timetable
Closing Checklist  

A21 Reports and Space Inventory

A21 Reports Page
MTU Space Inventory
University Space Committee

Sites of Interest

Accounting References:
American Institute of Certified Public Accountants (AICPA)
Association of College and University Auditors
Central Association of College and University Business Officers (CACUBO)
Governmental Accounting Standards Board (GASB)
Manual For Uniform Financial Reporting
National Association of College and University Business Officers (NACUBO)
Michigan Association of CPA's
SunGard SCT (Banner)
The Chronicle of Higher Education
Rehmann Robson

Presentations and Reports

Dean/Chair Orientation
DRAFT Depreciation report for faculty senate
Space Survey presentation to the University Space Committee
Health Care Trends   (draft)
E-Commerce PPT Presentation
MS Project Reference Guide
MS Project Reference Guide

Committee Membership

AQIP Space Inventory Project Team
Document Imaging Committee
Benefits Liason Group
GLBA Policy Group
Facilities and Administrative Rate Committee