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Business and Financial Policies and Procedures

1.2.2 Introduction to Unit Head Financial Responsibilities

All administrators at all levels have a fiduciary responsibility for ensuring the wise and most effective use of the University of Illinois System resources. Unit heads are responsible for the financial health of their units to ensure system financial resources are managed properly.

In addition to the background information provided in this Section 1 of the OBFS Policies and Procedures Manual, unit heads may refer to the following areas in the (redesigned) sections of the OBFS Manual, to find information related to specific responsibilities:

Specific Responsibilities

12.2.3 Comply with Unit Head Property Custodial Responsibilities
10.1.3 Comply with Unit Head Cash Handling Responsibilities
9.1 Internal Control Responsibilities

Additional Resources

Fiscal Control and Internal Auditing Act (FCIAA)
Orientation for New Business and Finance Employees

Last Updated: March 27, 2019 | Approved: Senior Associate Vice President for Business and Finance | Effective: July 5, 2016

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