Office of Financial Affairs

The mission of the Office of the Bursar is to manage:

• Student accounts including collection of student tuition and fees; student tuition and fee installments program. Management, billing and collection of student long and short-term accounts receivable.
• Investment functions include managing investable cash assets to optimize return and liquidity in compliance with pertinent federal, state and University of Texas System investment policies.
• Cashier functions include serving as the depository for institutional funds and administering the institution’s petty cash fund.
• Cash management functions include maintenance of adequate liquidity to fund short term cash needs and management and coordination of Health Science Center banking services.

The Office of Disbursement Services processes payments to vendors and reimburses approved business and travel expenses.  Our goal is to issue accurate and timely payments ensuring regulatory compliance while also providing the university community the highest level of support and customer experience.

• Vendor/Supplier Payments
• Business-related Reimbursements
• Vendor Maintenance
• 1099 NEC/MISC

We strive for compliance, accuracy, efficiency, growth and unity.
The major functions of Financial Reporting are the following:

• Maintenance of the official accounting database for institutional accounts
• Annual financial reporting
• Periodic financial reporting, including monthly financial reports

The Office of Property Control assists departments in the safeguarding of institutional furniture and equipment and providing appropriate tagging and timely accounting for such assets in accordance with State of Texas and institutional regulations and policies. The Office of Property Control oversees the following: Development of property control policies and procedures.

• Administration of final disposition of surplus, salvage, damaged, trade-ins, cannibalized, transfers, donations, obsolete, lost and stolen property, etc.
• Administration of the annual physical inventory of the institutional equipment.
• Ongoing investigations and searches for missing property.
• Maintenance of inventory records.
• Reporting of information to the State of Texas Statewide Property Accounting System (SPA).