Fiscal Management

The ability to develop and manage financial systems through responsible stewardship of fiscal resources.

Skills sets associated with this competency include:

Knowledge required:

Knowledge of basic accounting principles (e.g., debits, credits, assets, liabilities, fund balance)
Knowledge of basic financial reporting (e.g., profit and loss statement, balance sheet)
Knowledge of campus accounting system (e.g., fund accounting, cash-based accounting, accrual accounting)

Skills and abilities required:

Ability to use basic accounting principles to develop and/or maintain budgets
Ability to understand and interpret financial reports
Ability to utilize campus financial reporting systems for informed decision making

Knowledge required:

Knowledge of business-related software (e.g., spreadsheet programs, campus financial management systems, inventory management systems, event management systems)
Knowledge of business-related hardware (e.g., point of sale equipment, cash registers)

Skills and abilities required:

Ability to create basic spreadsheet documents and manipulate data to create reports
Ability to evaluate business systems for purchase and implementation

Knowledge required:

Knowledge of different budget sources (e.g., student activity fees vs. state and/or auxiliary funds) and the policies and regulations that govern them
Knowledge of campus financial policies and procedures
Knowledge of federal and state accounting and purchasing policies, procedures, and laws
Knowledge of basic cash handling and credit card transaction management

Skills and abilities required:

Ability to conduct cash and credit card transactions
Ability to appropriately respond to an open records request
Ability to create a request for proposal (RFP)
Ability to cooperate with auditors and provide appropriate response to audit findings

Knowledge required:

Knowledge of basic principles of budgeting and budget development or preparation
Knowledge of budgeting approaches (e.g., incremental, program, formula, zero-based, responsibility-centered)
Knowledge of departmental, division, and campus strategic plans as they relate to budget development and management
Knowledge of program review and assessment methods
Knowledge of campus-determined line items that affect budgets (e.g., salary and benefits, campus overheads, student activity or program fees, utility charges)
Knowledge of external forces that impact budgets (e.g., income, from sales, services, rentals, leases)

Skills and abilities required:

Ability to integrate planning, programming, and assessment into a budget
Ability to make mid-year adjustments in budgets as circumstances require, based on review and assessment
Ability to articulate resource needs and reallocation reasoning and to prioritize those needs
Ability to include others in a participatory budget formation process
Ability to manage large, complex budgets
Ability to formulate and execute capital replacement budgets

Knowledge required:

Understanding basic contract components and various contract types
Understanding institutional liability and risk management policies and procedures
Understanding the benefits and downfalls of self-operation versus outsourcing

Skills and abilities required:

Ability to review and understand contracts within the institutional context of liability and risk management
Ability to create and negotiate contracts within the institutional context of liability and risk management
Ability to evaluate and understand outsourcing proposals
Ability to read and create requests for proposal as appropriate

Knowledge required:

Knowledge of institutional policies regarding departmental and student organization fundraising
Knowledge of basic development and fundraising principles (e.g., campaign development, solicitation, “the ask,” stewardship)
Knowledge of institutional development and fundraising policies and procedures
Basic knowledge of grant writing and application processes
Basic knowledge of grant management and reporting

Skills and abilities required:

Updated Feb. 13, 2013