So what/who is Finance & Administration? The Finance & Administration (F & A) division of the University of Missouri looks after money. Planning for it, budgeting it, requesting it, saving it, investing it, recording it, reviewing it, making policies for it, insuring it, and using it (to mention a few). Do you work with PeopleSoft Financials? That’s F & A. Do you purchase supplies? F & A again. Did you get hurt on the job? F & A. Everywhere you look within the operation of the University of Missouri, there is Finance & Administration, working in the background to support the mission of the University.
To do all this stuff with money, F & A includes the 6 offices of: Planning & Budget, Treasurer, Controller, Institutional Research & Planning, Internal Audit, and Management Services which includes the 6 departments of: Procurement, Records Management, Risk & Insurance Management, Facilities Planning & Development, Minority Business Development, and Business Services. The division, lead by Vice President Natalie “Nikki” Krawitz, reports to University of Missouri President Elson Floyd and for the most part is located in University Hall in Columbia.
Our mission is to maximize the financial and physical capacity of the University in support of its mission. Our vision is to be an innovative provider of value-added financial and administrative services working collaboratively with the campuses. Our customers are the University of Missouri campuses, general officers, and the Board of Curators. Our stakeholders are the Federal and state agencies and legislators, alumni, suppliers, and citizens of Missouri.
Finance & Administration strives to provide responsible asset management in the areas of the endowment and retirement funds, physical facilities, financial and operational risk management, and records, information, and data management. Just as important, we ensure the integrity of the University's financial statements, its financial instruments, and its budget and planning. These responsibilities define our purpose. To deliver optimal results, we strive to operate efficiently and effectively, maintain a world class workforce and workplace, and optimize budget performance and integration.
What are some examples of how we serve you? We work with campus finance and administrative staffs to continuously improve policies and procedures with a goal of making your work easier. The new e-Procurement initiative is led by F & A Procurement staff with Bill Cooper at the helm. We also manage the university’s investments to maximize resources for academic programs and the retirement plan. The leadership for approximately $4.0 billion in investments is provided by F & A treasury staff led by Shirley DeJarnette. The staff in the Controller’s office and the Budget and Planning office, led by Jane Closterman and Cuba Plain respectively, worked with IT and personnel on your campuses to move PeopleSoft to the web.
To find out more about the different ways that we serve you and the University and who to contact if you have a question, check out our website.