The Pennsylvania State University Office of Finance is responsible for receiving and disbursing all cash and maintaining appropriate accounting records for these transactions. The Office of Finance is also responsible for establishing, promulgating and enforcing guidelines and controls established for receiving and expending all funds, ensuring that expenditures do not exceed budgeted resources, or budget parameters, and developing necessary programs for protection of the assets of the University and the insurance of these assets.
Other duties include: preparing the annual Audited Financial Statements of the University, and preparing other financial reporting documents.
The Office of Finance is a service organization within Finance and Business (F&B) that supports Penn State students, faculty, staff and the public. We are responsible for providing quality financial, accounting and information services that foster a culture of responsible stewardship and sound fiscal management of University resources.
Our vision is to recruit, develop and retain a diverse and effective team of people who will provide exceptional service and support to Penn State’s teaching, research, and public service missions. Through improved career development pathing, continued focus of efforts in diversity and inclusion, and adoption of emerging enterprise level tools, we will enhance the quality of service provided to the university and capitalize on the improved data available to facilitate informed decision-making regarding institutional resources in order to sustain the University’s financial strength for the benefit of current and future generations.
Leadership Commitment Statement on Diversity
Office of Finance leadership signs Commitment Statement on Diversity (pdf).
Leadership Commitment Statement on Stewardship
Office of Finance leadership signs Commitment Statement on Stewardship (pdf).