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FISCAL OFFICER TRAINING

FISCAL OFFICER TRAINING. BURSAR OPERATIONS. BURSAR OPERATIONS. CONTACTS Barbara Kawamoto – Bursar barbk@hawaii.edu 956-6295 Wendall Ho – Treasury Officer wendall@hawaii.edu 956-2144 Derek Seu– Director, Cashier’s Office dseu@hawaii.edu 956-2100

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FISCAL OFFICER TRAINING

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  1. FISCAL OFFICER TRAINING BURSAR OPERATIONS

  2. BURSAR OPERATIONS CONTACTS Barbara Kawamoto – Bursar barbk@hawaii.edu 956-6295 Wendall Ho – Treasury Officer wendall@hawaii.edu 956-2144 Derek Seu– Director, Cashier’s Office dseu@hawaii.edu 956-2100 Sandi Wong – Banner AR Support Specialist slwong@hawaii.edu 956-0817 More info: http://www.fmo.hawaii.edu/bursar/

  3. BURSAR OPERATIONS SOURCES OF UH REVENUE WHERE DOES THE MONEY COME FROM? SOH Appropriations – 50.1% Grants and Contracts – 27.4% Tuition and Fees – 12.4% Sales and Services – 8.3% Private Gifts – 1.6% Other Revenue – 0.2%

  4. BURSAR OPERATIONS HOW MUCH DO WE COLLECT? FY 2009 – $1.459 billion State Appropriations - $731 million Grants & Contracts - $400 million Tuition & Fees - $181 million Sales & Services - $121 million Private Gifts - $ 23 million Other Income - $ 3 million

  5. BURSAR OPERATIONS FLOW OF FUNDS GeneralFunds – Spent by UH  reimbursed by the State weekly Special, Agency, Trust Funds – Deposited daily by UH departments (tuition, parking, library fines, athletic tickets, interest income, gifts, etc.)

  6. BURSAR OPERATIONS FLOW OF FUNDS Federal Funds - Partially advanced by federal agency - Spent by UH  reimb by federal govt. via drawdown by ORS weekly or monthly

  7. BURSAR OPERATIONS SUMMARY 1. All cash flows into one bank account called the University of Hawaii General Account (UHGA) at Bank of Hawaii. This is a checking account. 2. Departments collect and deposit revenues.

  8. BURSAR OPERATIONS SUMMARY 3. Treasury reconciles the UHGA bank account to ensure all deposits are recorded in FMIS. 4. Treasury determines how much cash is needed for daily expenses and invests the excess capital.

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