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ITS Service Description

Service Name
Financial Management
Description This service provides ITS accounting, budgeting and chargeback services for the infrastructure that supports campus information technology and supported business services.
Service Line
ITS Administration
Features
  • Build and maintain the ITS infrastructure budgets as directed by the CIO
  • Develop cost models and estimates for new or changes services
  • Maintain accounting ledgers for services; including reconciling encumbered funds with invoiced charges
  • Interface financial information with business Affairs financial practices and requirements
  • Provide reports and information on service costs, budgets and revenue to others based on reporting schedules and ad-hoc requests
  • Maintain ITS financial chargeback systems and solutions
  • Agree on cost allocations, chargeback algorithms and assumptions used to charge for services
  • Prepare and issue bills and payment/recovery status reports for ITS chargeback activities
  • Reconcile purchase card use with budgets and approved POs
  • Support internal and external audit activities by providing ITS financial information when requested
Service Administrator (owner) Jennifer Queen
VP Customer Vice President for Finance and Administration
Availability
  • Regular business hours; M - F 8:30 am - noon and 1 pm - 5 pm; excluding holidays
Support

 

Initiated
  • Approved work requests
  • Approved operational run procedures
Charges No charge-back for this service
Delivery channels
  • Published ITS budgets
  • Published ITS financial reports
  • Published service cost models and estimates
  • Service chargeback bills
  • Completed work requests
Prerequisites

 

Key Service Targets
  • Spending not to exceed budgets
  • Budgets prepared and submitted within the time frames directed by Business Affairs
  • Purchasing card reconciliations completed on time each month
  • Unplanned Cost Variance.(Total to-date planned budget costs - total infrastructure budget.)
  • Cost Performance Index.(Total to-date planned budget costs/Total to-date actual budgets.)
  • Percentage of budget that was not part of original projection.

Connect With Furman

     
3300 Poinsett Highway, Greenville, SC, 29613
Phone: 864-294-2000