Controller’s Office

Accounting & Financial Reporting 

The Controller’s Office ensures that Marymount University’s procedures adhere to the Generally Accepted Accounting Principles (GAAP). Our team is dedicated to providing accurate and timely services to all employees and stakeholders.  

Responsibilities Include: 

  • Maintaining the general ledger and chart of accounts 
  • Financial reporting (e.g. audited year-end financial statements) 
  • General oversight of all financial activity 
  • Annual, quarterly and monthly financial closing processes 
  • General account transfers and journal entries 
  • All non-payroll tax issues, including payments and reporting 
  • Banking inquiries 
  • Reconciliation of general ledger accounts 
  • Gifts and Endowments 

Gifts and Endowments 

Gifts to Marymount University are designated as either endowed or current and expendable. An endowed gift is money given by a donor with the intent to preserve the original value, and grow it over time. The funds are held in perpetuity and invested, and the accumulative appreciation is used to distribute once per year. The funds are available to spend after meeting policy guidelines and consistent with donor intent. 

An expendable current gift is money given by a donor that can be distributed immediately that is consistent with donor intent. 

Cost Centers 

A Cost Center is the department accounting code by which costs are charged and is used to manage payroll and operating expenses. 

View your Cost Centers in Workday. For additions or changes contact