{"id":20071,"date":"2024-05-22T10:39:11","date_gmt":"2024-05-22T14:39:11","guid":{"rendered":"https:\/\/marymount.edu\/?page_id=20071"},"modified":"2024-05-22T10:39:11","modified_gmt":"2024-05-22T14:39:11","slug":"controllers-office","status":"publish","type":"page","link":"https:\/\/marymount.edu\/faculty-and-staff\/financial-services\/controllers-office\/","title":{"rendered":"Controller’s Office"},"content":{"rendered":"
The Controller\u2019s Office ensures that Marymount University\u2019s procedures adhere to the Generally Accepted Accounting Principles (GAAP). Our team is dedicated to providing accurate and timely\u00a0services\u00a0to all employees and stakeholders.<\/span> \u00a0<\/span><\/p>\n Responsibilities Include:<\/span><\/b>\u00a0<\/span><\/p>\n 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.<\/span>\u00a0<\/span><\/p>\n An expendable current gift is money given by a donor that can be distributed immediately that is consistent with donor intent.<\/span>\u00a0<\/span><\/p>\n A Cost Center is the department accounting code by which costs are charged and is used to manage payroll and operating expenses.<\/span>\u00a0<\/span><\/p>\n View your Cost Centers in Workday. For additions or changes contact fs@marymount.edu.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Accounting & Financial Reporting\u00a0 The Controller\u2019s Office ensures that Marymount University\u2019s procedures adhere to the Generally Accepted Accounting Principles (GAAP). Our team is dedicated to providing accurate and timely\u00a0services\u00a0to all employees and stakeholders. \u00a0 Responsibilities Include:\u00a0 Maintaining the general ledger and chart of accounts\u00a0 Financial reporting (e.g. audited year-end financial statements)\u00a0 General oversight of all […]<\/p>\n\n
Gifts and Endowments<\/span>\u00a0<\/span><\/h2>\n
Cost Centers<\/span>\u00a0<\/span><\/h2>\n