Rollins Finance Department

Rollins College’s Finance Department serves as the financial backbone of the institution, responsible for managing the college’s assets, resources, and financial obligations. They ensure the long-term financial health and sustainability of Rollins, allowing it to fulfill its mission of providing a transformative liberal arts education.

The department’s core responsibilities encompass a wide range of financial functions. These include:

*

Budgeting and Financial Planning: Developing and managing the annual operating budget, as well as long-range financial plans, ensuring resources are aligned with the college’s strategic priorities. This involves collaborating with various departments and divisions to understand their needs and allocate resources effectively.

*

Accounting and Financial Reporting: Maintaining accurate and transparent financial records, preparing financial statements in accordance with Generally Accepted Accounting Principles (GAAP), and providing insightful financial analysis to college leadership and stakeholders. They ensure compliance with all relevant regulations and reporting requirements.

*

Treasury Management: Overseeing the college’s cash management, investments, and debt financing. This includes managing banking relationships, monitoring investment performance, and ensuring the college has sufficient liquidity to meet its obligations. They are responsible for safeguarding the college’s financial assets.

*

Procurement and Accounts Payable: Managing the procurement process, ensuring goods and services are purchased efficiently and cost-effectively. This involves negotiating contracts with vendors, processing invoices, and making timely payments. They strive to obtain the best value for the college’s resources.

*

Payroll: Processing payroll accurately and on time for all employees, ensuring compliance with all relevant tax laws and regulations. They handle employee benefits administration and provide support to employees regarding payroll-related matters.

*

Financial Aid Accounting: Managing the accounting and disbursement of financial aid funds to students, ensuring compliance with federal and state regulations. They work closely with the Financial Aid Office to ensure students receive the financial support they need to access a Rollins education.

The Rollins Finance Department operates with a commitment to integrity, transparency, and accountability. They strive to provide excellent customer service to all members of the Rollins community, providing timely and accurate financial information to support informed decision-making. The department is staffed by experienced professionals with expertise in various areas of finance and accounting. They stay abreast of current trends and best practices in higher education finance to ensure the college is operating effectively and efficiently.

Beyond their day-to-day responsibilities, the Finance Department also plays a crucial role in supporting the college’s strategic initiatives. They provide financial analysis and modeling to evaluate the financial implications of new projects and investments, ensuring that the college’s resources are used in a way that maximizes its impact and advances its mission. They contribute to a culture of financial responsibility throughout the institution by providing training and education on financial management topics.

In summary, the Rollins Finance Department is an essential component of the college’s overall success, contributing to its financial stability and enabling it to provide a high-quality educational experience for its students. They are dedicated to managing the college’s financial resources responsibly and transparently, ensuring its long-term sustainability and continued growth.