The Controller's Office serves the entire University. Our organization is collectively responsible for supporting departments, colleges, and campuses in their financial operations. If you conduct the business, we've got the tools, systems, procedures, and policies to get the work done. Our goal is to make the business of the University efficient and cost-effective, so people can focus on teaching, research, and outreach.
Our departments perform a wide range of services focused on reducing costs and increasing efficiency. We are also responsible for supporting the University's enterprise financial systems. Processes, systems, and controls are designed so that the University has timely, accurate, and complete financial information for decision making.
Financial Policy Philosophy
The Controller's Office is responsible for a suite of University policies related to financial activities. Policies are not generally established to cover every specific eventuality, instead they are built to serve as a foundation to help units comply with laws or other regulatory requirements and assist in mitigating risk to the University.
Special Projects or Initiatives
Enhancements to the financial system, business process updates or changes, and other efforts are managed using a standard project process. When major initiatives are underway, information about the effort will be distributed to the University community and posted on this website.
In addition to our sister units (pdf) in the U Finance organization that report up to the Associate Vice President & Assistant CFO for U Finance, the Controller's Office works closely with:
- Office of Human Resources
- Office of Information Technology
- Sponsored Projects Administration
- U Market Services
- Certified Approver Community of Practice
- Financial Management Advisory Committee (FinMAC)
- Financial Systems User Network (FSUN)
- And all those who work with financial activities or in finance positions across the University.
Compliance & Training
The Gramm-Leach-Bliley Act (GLBA) requires the University of Minnesota to implement safeguards to insure the security and confidentiality of certain non-public customer information. Read more here...
Payment Card Industry Data Security Standard (PCI DSS)
University of Minnesota departments that accept payment cards as payment for goods and services are contractually obligated to follow the Payment Card Industry Data Security Standards (PCI DSS). Read more here...
Identity Theft Prevention Program: Red Flags Rule
The Red Flags rule requires businesses and organizations to implement a written identity theft prevention program designed to detect the warning signs (or "red flags") of identity theft in their day-to-day operations. Read more here...