The Virginia Tech Controller's Office provides fiscal services to the university and serves as an interface with external agencies for fiscal matters. The Controller is responsible for ensuring that all funds are properly received, spent, and reported in accordance with university policies and State, and Federal regulations. To accomplish these objectives, the Controller provides oversight to four functional areas, within three departments (click here for graphic representation).
The Accounting Operations area of the Controller's Office is responsible for payroll, general accounting, and accounts payable functions for University business operations.
Financial Reporting & Cost Accounting
The Financial Reporting & Cost Accounting area of the Controller's office is responsible for the annual financial statements, cost studies, and fixed asset accounting. This unit is divided into three areas:
The Bursar's Office provides timely and accurate billings to students and general users of the University's services and ensures that payments and credits are received and properly applied to each customer's account. The Bursar is also responsible for establishing banking and credit card processes and collecting delinquent receivables.
The Insurance & Risk Management Office handles all insurance matters, including claims, for the University. In addition , the office provides risk analysis for various University activities and management of the Student Medical Insurance program.
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