News

Posted: Wednesday, March 29, 2017 - 10:20am

I wanted to take a few moments to let you know about some of the exciting projects the Finance Outreach & Compliance (FOC) team is working on:  

  • Jack Jensen has been busy developing training materials and work aids to support the launch of ExpenseUVA on April 17th.  You can find more information about the launch and support materials on Procurement and Supplier Diversity Travel and Expense website.
  • LaVerne Harris, with help from the rest of the FOC team, developed some short informative videos on various topics for the redesigned Export Controls website (coming soon).
  • Brandi Van Ormer is working to bring the UVAFinance websites in line with our new UVAFinance brand guidelines.
  • Danielle Hancock and Christopher Birkl from the Managerial Reporting Project (MRP) are introducing UBI work aids designed to make adopting best practices quick and easy as part of the monthly Fiscal Administrators meetings.
  • Christine Carrizosa is spearheading our efforts to update the Finance policies and move them into the policy directory.  Currently in the works are policies related to fine and decorative arts, revenue generating activities, fixed assets, and expenditure credits.
  • Andrew Bedotto has transitioned to export controls and is working on improvements to our restricted party screening procedures.
  • Erika Priddy and the UVAForward Planning Committee are hard at work developing an outstanding agenda for this year's conference on May 25th and for the preconference workshops.  Please save the date and check the UVAForward website for updates.
  • Lynn Galasso is organizing a second meeting for ARMICS coordinators from Virginia state colleges and universities in conjunction with the Spring FOCUS conference that will be held at the Boar's Head April 18-19th. 
  • Patty Marbury is providing professional coaching to participants in the first cohort of UVAFinance's Manager Development Program, in addition to her ongoing oversight and support of FOC's training initiatives, developing web content, and collaborating with other central areas and projects to provide change management resources. 
  • Greg Ball is currently on assignment to MRP and Student Financial Services and is working on getting student financial data into UBI.
  • I am working with Office of Sponsored Programs, MRP and the office of the VIce President for Research to develop a QlikSense application that will enable more efficient monitoring of compliance with financial conflict of interest requirements.

While this list is not exhaustive, I hope it provides you with a little insight into our ongoing work to support UVAFinance's mission, vision, and core values. 

Mission:  UVAFinance provides the financial framework to accurately, effectively, and transparently steward University resources in a complex educational and healthcare environment. We are the source of financial expertise, information, solutions, and insight that informs internal and external stakeholders and enables University students, educators, researchers, and administrators to be their best.

Vision:  UVAFinance is the valued and trusted financial partner that the University community turns to first.

Core Values:  impeccable source of information; service excellence; innovative action; collaborative partner; and valued, high-performing teams

If you have suggestions for how we can better serve the University community, please share them with us by emailing finance-outreach@virginia.edu or calling any member of the FOC team

 

Have a great Spring!

Kelly Hochstetler, Director

 

"The world as we have created it is a process of our thinking.  It cannot be changed without changing our thinking."  Albert Einstein 

Posted: Monday, March 6, 2017 - 9:51am

Effective 3/1/2017, the Office of Sponsored Programs (OSP) has resumed responsibility for review and processing of labor distribution (LD) adjustments and Retro Requests (>90 day LD adjustments and Other-than-personnel-services (OTPS) cost transfers).   Effort reporting and certification will also be transitioning from FOC back to OSP in the coming weeks.  Due to these changes, Andrew Bedotto and Christine Carrizosa have taken on new responsibilities within FOC.  Although Andrew will continue to support the current effort reporting cycle, he has otherwise transitioned to the export control team and will be performing a variety of export and licensing assessments to support University research, teaching, service and patient care activities.  Christine will assiting Finance areas in updating policies and updating or developing procedures for use by personnel in departments and schools as well as performing financial compliance reviews and Agency Risk Management and Internal Controls Standards (ARMICS) testing.  

Please join me in supporting Andrew and Christine as they focus on their new roles!

Sincerely,

Kelly Hochstetler, Director

Posted: Tuesday, December 27, 2016 - 3:08pm

UVAFinance recently hosted 21 people representing 13 in-state schools to discuss internal control standards and best practices that directly support the vision and objectives of the Commonwealth of Virginia.

Specifically, the meeting was a practical forum to network and discuss state Agency Risk Management and Internal Control Standards (ARMICS). 

In 2006, the Commonwealth mandated through ARMICS the annual assessment of internal controls systems.  Each state agency is required  to provide reasonable assurance of the integrity of all fiscal processes related to the submission of accounting information and financial statements to the Department of Accounts, compliance with laws and regulations, and stewardship over the Commonwealth's assets.
 
The Finance Outreach and Compliance team led the meeting of peer in-state schools in informal workgroup style, sharing experiences, lessons learned, and discussing common questions and approaches. 
 
"ARMICS was essentially the Commonwealth of Virginia's response to the federal Sarbanes-Oxley Act, a bill that was enacted in response to a number of major corporate and accounting scandals, such as Enron," says  FOC Senior Compliance Analyst Lynn Galasso.
 
"This meeting was a great opportunity for all of us to discuss ARMICS objectives."
 
The group plans to continue with ongoing meetings; the next discussion will be scheduled before Spring Fiscal Officers of Colleges and Universities State Supported of Virginia (FOCUS).

 

Posted: Friday, September 25, 2015 - 10:14am

On November 11, 2015, President Teresa Sullivan and Executive Vice President and Chief Operating Officer Pat Hogan announced some exciting changes for the Finance area.  Among other changes, Melody Bianchetto was promoted to Vice President for Finance and given oversight of the University Budget Office and Procurement and Supplier DIversity Services in addition to the Office of the Comptroller, Student Financial Services, Finance Outreach and Compliance, Office of Sponsored Programs, and the Managerial Reporting Project.  To read more about these changes please check out the November issue of the EVP-COO Area News.