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PSPM manages project finances on behalf of clients. PSPM’s business services include overseeing the financial planning, budgeting, monitoring, and control related to UIC’s construction/renovation projects and departmental activities, advising on matters pertaining to fiscal accountability and controls policies/procedures for various fund sources, including state, federal, gifts, grants, and auxiliary.

Business Services Heading link

PSPM provides the following business services:

  • Accounting Cycle Management: Manages the accounting process from start to finish for UIC’s construction and renovation projects.
  • Budget Oversight: Ensures project expenditures stay within approved budgets.
  • Fiscal Policy Compliance: Verifies project adherence to UIC’s fiscal policies and regulations.
  • Vendor and Contractor Payments: Coordinates timely payments to vendors and contractors.
  • Audit and Review: Regularly audits projects for financial compliance and resource efficiency.
  • Stakeholder Collaboration: Collaborates with project stakeholders for aligned financial and project goals.
  • Financial Reporting and Analysis: Offers comprehensive financial reports and analyses for informed decision-making.
  • Plant Fund Accounting Expertise: Manages financial aspects of UIC’s physical plant and capital projects, ensuring compliance and integrity.
  • Training and Guidance: Provides thorough training and guidance on departmental policies and procedures.
  •  Audit Coordination and Support: Facilitates internal and external audits with necessary compliance and documentation.