CSUDH Finance Department: Stewards of Financial Health

The Finance Department at California State University, Dominguez Hills (CSUDH) plays a pivotal role in ensuring the university’s financial stability and responsible resource allocation. Its core mission revolves around providing comprehensive financial services to support the educational, research, and public service objectives of the institution.

The department’s responsibilities are wide-ranging, encompassing budgeting, accounting, procurement, treasury management, and financial reporting. Within budgeting, the team collaborates with various departments across the university to develop and manage the annual operating budget, aligning resources with strategic priorities and enrollment projections. This process requires careful analysis of revenue sources, expenditure trends, and potential funding opportunities.

The accounting division maintains accurate and up-to-date financial records, adhering to Generally Accepted Accounting Principles (GAAP) and California State University (CSU) policies. They manage accounts payable, accounts receivable, and payroll services, ensuring timely and accurate payment to vendors, students, and employees. Regular audits and compliance checks are also a crucial part of their operations, safeguarding the university’s financial integrity.

Procurement at CSUDH is handled by the Finance Department, ensuring that goods and services are acquired in a cost-effective and compliant manner. This involves managing the bidding process, negotiating contracts, and ensuring adherence to procurement policies and regulations. The department strives to promote fair competition and maximize value for the university.

Treasury management involves overseeing the university’s cash flow, investments, and debt management. The team works to optimize investment returns while maintaining sufficient liquidity to meet the university’s financial obligations. They also manage banking relationships and ensure compliance with treasury regulations.

Financial reporting is a crucial function, providing transparent and accurate information to internal and external stakeholders. The Finance Department prepares regular financial statements, including balance sheets, income statements, and cash flow statements, adhering to reporting requirements set by the CSU system and other regulatory bodies. These reports are essential for monitoring the university’s financial performance and making informed decisions.

In addition to these core functions, the CSUDH Finance Department often provides financial training and support to other departments, empowering them to manage their budgets effectively and comply with financial policies. They are also actively involved in implementing new financial systems and technologies to improve efficiency and accuracy.

The department is committed to providing excellent customer service to the CSUDH community, answering questions, resolving issues, and providing guidance on financial matters. Its success relies on a team of dedicated professionals with expertise in various areas of finance and accounting. By upholding the highest standards of integrity and transparency, the CSUDH Finance Department contributes significantly to the university’s long-term financial health and success.