The Treasurer's Office is responsible for the development and maintenance of the cash management program and the procurement of funds utilizing long and short-term financing vehicles. In addition, the Treasurer's Office is also responsible for investment monitoring, custody and development of the asset/manager diversification program of the University. The University investment portfolio includes endowment, pension, insurance and working capital assets.

Services Available

• Serves as a liaison between University Departments and banks for the purchase/lease, installation and training of staff with regard to obtaining a VISA/MASTERCARD/MAC terminal. This terminal is necessary when a department would like to offer patients the option of using a credit card or MAC card for payment of charges incurred.

• Provides the necessary information to enable a person or company outside the University to wire transfer funds (both foreign and domestic) directly to the University. These funds may be for the payment of invoices or the receipt of grants.

• Identifies miscellaneous wire transfers received by the University for grant/research purposes.

• Sales of Securities/Donations/Gifts -- upon receiving stock certificates along with specific instructions from the Development Office and/or Alumni Office regarding the correct general ledger account to be credited for gifts, the Treasurer's Office will initiate a transaction to sell stock and deposit the resulting proceeds in the appropriate general ledger account.

• Stand-by Letters of Credit -- when a stand-by letter of credit is required to support a debt obligation of the University, the Treasurer's Office will negotiate with a financial institution to arrange for best terms available.

• Provides current conversion rate for foreign currency on a daily basis.