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20.031 University Finance

Executive Order No. 44, 11-15-18.

  1. General
    The University of èapp Finance function serves in a leadership role to deliver fiscally responsible results and drive value as a strategic business partner for the organization, working to align our resources consistent with the mission and priorities of the University. Unless otherwise indicated, this policy applies to the University of èapp System, its administration, four universities and all of their component parts (hereinafter referred to as “University” or “èappSystem”).
  2. University of èapp Finance Team
    1. èappFinance Team
      The University of èapp Finance Team (“èappFinance Team”) is comprised of the Finance offices for the èappSystem.
    2. Collaboration
      Recognizing both the necessity and administrative efficiencies gained, the èappFinance Team shall work in collaboration to meet the needs of èappSystem.
    3. Accountability and Alignment
      To ensure the accountability and alignment of the èappFinance Team, each Chancellor or the Chief Executive Officer for MU Health, as the case may be, and the èappSystem Vice President for Finance/Chief Financial Officer are jointly responsible for approving the following as it relates to the Chief Financial Officer (or their equivalent) for the applicable university or MU Health:

      1. Recruitment and hiring decisions
      2. Disciplinary and termination decisions
      3. Annual performance evaluations and compensation decisions.

      For situations in which concurrence is not reached, the collective decision will be made with the President.
      The President will also consult with and seek input from Chancellors and the Chief Executive Officer for MU Health on the following matters as related to the èappSystem Vice President for Finance/Chief Financial Officer:

      1. Recruitment and hiring decisions
      2. Disciplinary and termination decisions
      3. Annual performance evaluations and compensation decisions.
  3. Strategies
    The Vice President for Finance/Chief Financial Officer, in collaboration with the other General Officers and the university and MU Health Chief Financial Officers (or their equivalents), will jointly develop the Finance strategies for the èappSystem. Each university and MU Health has the flexibility to develop their specific Finance strategies after consultation with and the concurrence of the èappAdministrative Management Council (“AMC”) and so long as the strategies are not in conflict with or interfere with the èappSystem Finance strategies. AMC is comprised of the Vice President for Finance/Chief Financial Officer for the èappSystem and the Chief Financial Officers for the universities and MU Health, (or their equivalents).
  4. Implementation
    The General Officers of the University and the èappFinance Team are responsible for the implementation of the Finance strategies for the èappSystem.

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