What are the resposibilities of a finance manager?
FINANCE The Department Chair/Head may delegate financial responsibilities to other departmental personnel, but cannot delegate ultimate accountability. A Department Chair/Head who delegates financial responsibilities needs to establish formal and informal procedures to remain informed of the financial actions of the department. Major Responsibilities That May Be Delegated 1. Establish a financial plan based on programmatic priorities that result in a positive financial fund balance for the department. 2. Implement monitoring and reporting procedures to measure progress in achieving the financial plan and to avoid overdrafts for each gift, grant, and contract fund. 3. Operate the department in compliance with all applicable laws and regulations, with all policies and procedures, and with the terms and conditions of gifts, grants, and contracts. 4. Establish and maintain a system of internal controls to provide assurance that resources are properly used and safeguarded against waste, los
