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Responsibility and Accountability for Fiscal Administration

Finance

View Official Policy: 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

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