Overview
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:
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- 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.
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- 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.