Trent University Finance Office

The Trent University Finance Office is responsible for managing the university’s financial resources, ensuring fiscal responsibility, and providing financial services to students, faculty, and staff. It plays a crucial role in supporting the university’s academic mission by overseeing budgeting, accounting, procurement, and other financial operations.

Key Responsibilities

• Financial Planning and Budgeting: The office develops and manages the university’s annual budget, allocating resources to various departments and initiatives. This includes forecasting revenues and expenses, monitoring budget performance, and ensuring financial sustainability.
• Accounting and Financial Reporting: The Finance Office maintains accurate financial records, prepares financial statements in accordance with generally accepted accounting principles (GAAP), and ensures compliance with relevant regulations and reporting requirements. This includes managing accounts payable, accounts receivable, and the general ledger.
• Student Financial Services: This area focuses on managing student accounts, processing tuition payments, administering scholarships and bursaries, and providing financial counseling to students. They also handle the issuance of tax receipts (T2202A forms).
• Procurement and Purchasing: The office oversees the procurement process, ensuring that goods and services are purchased in a cost-effective and transparent manner. This includes managing vendor relationships, negotiating contracts, and adhering to procurement policies.
• Payroll Services: The Finance Office manages the university’s payroll, ensuring that employees are paid accurately and on time. This includes processing salaries, benefits, and deductions, as well as complying with tax regulations.
• Research Grants and Funding: The office provides financial support to researchers by managing research grants and funding. This includes administering grant funds, tracking expenses, and ensuring compliance with grant requirements.

Services for Students

Students interact with the Finance Office primarily through Student Financial Services. They can access various services, including:

• Paying tuition fees
• Applying for and receiving scholarships and bursaries
• Accessing tax information (T2202A forms)
• Seeking guidance on financial planning and budgeting
• Inquiring about account balances and payment options

Contacting the Finance Office

The Trent University Finance Office is typically located on the main campus. Contact information, including phone numbers, email addresses, and office hours, can be found on the university’s website. Specific departments, such as Student Financial Services, often have dedicated contact information for student inquiries.

Important Information

Students are encouraged to familiarize themselves with the university’s financial policies and deadlines, which are typically available on the Finance Office website or through the student portal. This helps ensure a smooth and efficient experience when managing their finances at Trent University.