Responsibility and Accountability for Fiscal Administration
Finance Division Programs
View policy pdf: Responsibility and Accountability for Fiscal Administration Policy
Fiscal responsibilities are set forth in various internal statutes, regulations, policies
and procedures governing the University of Georgia. For example, Article IX, Section
5, Paragraph (g) of the Statutes of The University of Georgia provides as follows:
“The head shall be responsible for the expenditure of departmental funds and the care
and use of departmental property.”
In addition, The University Administrative Policies and Procedures Manual, Budget,
Policy 1 - Authority, Responsibility and Duties, provides that, “After University
budgets have been approved by the proper authorities, the responsibility for control
of and the authorization for expending budgeted funds is assigned by the President
to each budgetary unit head.” Each organizational head is responsible to the next
higher head for the fiscal administration of all accounts and expenditures of funds,
regardless of source, budgeted under the control of all personnel within the organizational
unit for which each respective head is responsible. Such responsibility of organizational
heads includes contract and grant accounts under principal investigators who are faculty
or staff in the respective departments.
Each organizational head is responsible to the next higher head for the authorization
of signatures for all accounts and funds, regardless of source, budgeted under the
control of personnel within the organizational unit for which each respective head
is responsible. Each head should establish a written policy concerning signatory authority
and procedure for ensuring adherence to the policy.
Responsibilities
Responsible University Senior Administrators: Vice President for Finance and Administration
Responsible University Administrator: Associate Vice President for Finance Division
Date Issued:
Last Reviewed/Updated: