The University of Maryland, Baltimore County (UMBC) Finance Office is the central hub for managing the university’s financial resources. Its primary mission is to ensure the fiscal integrity and accountability of the institution, supporting its academic, research, and administrative functions.
The office encompasses a wide array of responsibilities, ranging from budget planning and execution to accounting, procurement, and financial reporting. One of its core functions is developing and implementing the university’s annual operating budget. This involves working closely with various departments and units to understand their financial needs, prioritize funding requests, and allocate resources effectively. The Finance Office also monitors budget performance throughout the year, identifying and addressing any potential financial challenges.
Accounting services constitute another significant area of focus. The office maintains accurate and detailed financial records, ensuring compliance with generally accepted accounting principles (GAAP) and relevant regulations. This includes processing accounts payable and receivable, managing the university’s general ledger, and preparing financial statements for internal and external stakeholders. Furthermore, the office plays a crucial role in administering grants and contracts, ensuring proper accounting and reporting of sponsored research funds.
Procurement is also managed by the Finance Office, which oversees the university’s purchasing activities. This includes establishing policies and procedures for procuring goods and services, negotiating contracts with vendors, and ensuring compliance with procurement regulations. The office strives to obtain the best value for the university’s money while adhering to ethical and sustainable purchasing practices. They often provide training and resources to departments on proper procurement procedures.
Beyond these operational functions, the Finance Office plays a vital role in financial planning and analysis. They conduct financial modeling, forecasting, and risk management to support strategic decision-making by university leadership. This involves analyzing trends, identifying potential opportunities, and developing strategies to optimize the university’s financial position.
The Finance Office also serves as a key point of contact for external auditors, regulatory agencies, and other stakeholders. They provide information and support to ensure compliance with all applicable laws and regulations. The team is dedicated to providing excellent customer service to students, faculty, staff, and the broader community. They strive to be transparent, responsive, and helpful in addressing financial inquiries and concerns.
In summary, the UMBC Finance Office is a critical component of the university’s infrastructure, responsible for managing its financial resources effectively and efficiently. By ensuring financial integrity, supporting strategic planning, and providing excellent customer service, the office contributes significantly to the overall success of UMBC’s mission.
1500×2100 administration finance umbc from adminfinance.umbc.edu 
1024×731 mission administration finance umbc from adminfinance.umbc.edu 
1139×1500 department organizational chart administration finance umbc from adminfinance.umbc.edu 
300×300 facilities management umbc from fm.umbc.edu 
1073×379 financial services umbc from financialservices.umbc.edu 
200×181 corporate foundation relations umbc from corporaterelations.umbc.edu 
1200×555 student business services umbc from sbs.umbc.edu 
1833×715 memberships business services umbc from businessservices.umbc.edu 
1024×1024 schedule appointment office academic pre professional from advising.umbc.edu 
1750×500 umbc veteran military affiliated services umbc from veterans.umbc.edu 
1500×616 faculty umbc center cybersecurity umbc from cybersecurity.umbc.edu 
1024×683 design construction facilities management umbc from fm.umbc.edu 
2048×1463 home visiting training program umbc miechv umbc miechv from homevisitingtraining.umbc.edu 
1024×682 campuses office professional programs from professionalprograms.umbc.edu 
2500×1667 applying umbc umbc global from globalstudent.umbc.edu 
224×224 centers resources aiumbcedu umbc from ai.umbc.edu 
928×384 umbc video guidelines umbc style guide umbc from styleguide.umbc.edu 
1334×1035 apply graduate school umbc umbc from gradschool.umbc.edu 
1498×1498 inauguration office president umbc from president.umbc.edu 
153×153 stephen braude umbc professor emeritus author speaker musical from userpages.umbc.edu 
500×500 office sustainability umbc from sustainability.umbc.edu 
1920×768 partner college engineering information technology umbc from coeit.umbc.edu 
700×308 contact department computer science electrical engineering from www.csee.umbc.edu 
3587×1941 umbc signs academic collaboration agreement tel aviv university from news.umbc.edu 
640×480 umbc connects milliporesigma career center myumbc from my3.my.umbc.edu 
1024×697 provide division information technology umbc from doit.umbc.edu 
3596×2049 umbc named leading global university college from my3.my.umbc.edu 
2560×415 financial planning analysis fpa coeit shared services center umbc from services-center.coeit.umbc.edu 
1438×959 umbc awarded million grants umbc family connection from umbc.campusesp.com 
2100×1500 umbc frontiers chemistry biology interface symposium umbc from fcbis.umbc.edu 
2000×400 umbc alumni from www.alumni.umbc.edu 
