Financial Affairs

The Office of Financial Affairs has the fundamental responsibility for coordinating with the institutions on all matters related to accounting for the management of the System's financial resources, as well as reporting on its financial condition. The Office represents the institutions and the USM in fiscal matters with the offices of the State Comptroller, the State Treasurer, the Legislative Auditor, and the Department of Budget and Management. On behalf of the System, the Office engages and coordinates the activity of the external auditor. The Office handles those endowment funds of the System for which the Regents have management and investment authority. The Office has the responsibility on behalf of the institutions and the System to plan and conduct the sale of revenue bonds for System facilities and equipment.


Additional Resources