Here’s an overview of the Bard College Finance Office, formatted in HTML:
Bard College Finance Office
The Bard College Finance Office is responsible for the overall financial health and well-being of the institution. It oversees a broad range of financial operations, ensuring compliance, accuracy, and efficiency in all financial transactions. The office plays a critical role in supporting Bard’s academic mission and strategic goals through sound financial management.
Key Functions and Responsibilities
- Financial Reporting: The office is responsible for preparing and disseminating accurate and timely financial reports, including annual audited financial statements. These reports provide transparency and accountability to stakeholders, including the Board of Trustees, donors, and regulatory agencies.
- Budgeting and Planning: The Finance Office leads the annual budget process, working collaboratively with departments and divisions across the college to develop a comprehensive budget that aligns with the institution’s strategic priorities. They provide financial analysis and forecasting to inform decision-making.
- Accounting and Treasury Services: The office manages all accounting functions, including accounts payable, accounts receivable, general ledger maintenance, and reconciliation. They also oversee treasury operations, including cash management, investment management, and debt management.
- Payroll: The Finance Office ensures accurate and timely payroll processing for all faculty, staff, and student employees. This includes managing tax withholdings, benefits administration, and compliance with labor laws.
- Grants and Sponsored Programs: The office provides financial oversight for grants and sponsored programs, ensuring compliance with grant regulations and reporting requirements. This includes pre-award proposal review and post-award financial management.
- Student Accounts: The office manages student accounts, including tuition billing, payment processing, and financial aid disbursement. They provide customer service and support to students and families regarding their financial obligations.
- Compliance: The Finance Office ensures compliance with all applicable laws, regulations, and accounting standards. This includes federal and state tax regulations, charitable giving laws, and Generally Accepted Accounting Principles (GAAP).
Contact Information
For inquiries related to financial matters at Bard College, please refer to the Bard College website for the most up-to-date contact information for specific departments within the Finance Office.
Commitment to Excellence
The Bard College Finance Office is committed to providing high-quality financial services to the Bard community. The office strives to maintain the highest standards of professionalism, integrity, and ethical conduct in all its activities. They continuously seek to improve processes and technologies to enhance efficiency and effectiveness.