Bucknell.edu/finance

Bucknell University's Finance Department, accessible online at bucknell.edu/finance, provides crucial financial services and oversight to the entire university community. It encompasses a broad range of functions, from managing the university's endowment and investments to processing payments and ensuring compliance with financial regulations.

A core responsibility of the Finance Department is the meticulous management of Bucknell's endowment. This involves working with investment managers, monitoring performance, and ensuring the endowment is invested strategically to provide long-term financial support for the university's mission, including scholarships, faculty support, and academic programs. Careful stewardship of the endowment is vital for Bucknell's financial stability and future growth.

The department also oversees the university's operating budget, a complex task involving numerous departments and units. They collaborate with budget managers across the university to develop and monitor budgets, ensuring resources are allocated effectively and in alignment with Bucknell's strategic priorities. They provide financial analysis and reporting to inform decision-making at all levels of the institution.

Accounts Payable is another significant function within the Finance Department. This team is responsible for processing invoices and payments to vendors, ensuring that Bucknell meets its financial obligations in a timely and accurate manner. They also manage employee expense reimbursements, adhering to university policies and IRS regulations.

Payroll services fall under the Finance Department's purview as well. They ensure that all Bucknell employees are paid accurately and on time, handling payroll taxes, deductions, and compliance with labor laws. They also manage employee benefits administration, coordinating with human resources to provide comprehensive benefits packages.

In addition to these operational functions, the Finance Department plays a crucial role in ensuring financial compliance. This includes adherence to generally accepted accounting principles (GAAP), federal and state regulations, and university policies. They conduct internal audits and work with external auditors to maintain the integrity of Bucknell's financial records.

Transparency and accountability are key principles guiding the Finance Department's operations. They provide financial information to the university community through regular reports and presentations, promoting understanding of Bucknell's financial position and how resources are being used. They also strive to provide excellent customer service to students, faculty, staff, and external stakeholders.

The Finance Department's website, bucknell.edu/finance, serves as a central hub for information related to university finances. It provides access to financial policies, forms, reports, and contact information for various department staff. The website is a valuable resource for anyone seeking to understand Bucknell's financial operations or needing assistance with financial matters.

In conclusion, Bucknell University's Finance Department plays a critical role in supporting the university's mission by managing its finances effectively, ensuring compliance, and providing transparent and accountable financial services to the entire Bucknell community.