The Finance Function At Cwu Is, According To At Least The Recent Benchmark Study, Understaffed. While This Situation Exists The Most Pressing Things To Meet Minimum State, Federal And Policy Requirements Will Rise In Priority. The Things We 'Should Do' Will Suffer And There Will Be An Increased Risk That Some 'Financial Irregularity' Will Occur And Not Be Detected Quickly. It Is Also True That Cwu Can Not Afford, And Are Not Asking For, A World-Class Accounting Function That Could Reduce This Risk To Something Approaching Zero. There Is A Trade-Off Here. It Would Seem That A Staffing Level Somewhere Near The Average Of All Higher Ed Institutions Of Our Size Would Lead To A Level Of Risk Minimization That Should Be Acceptable. I Do Not Think That Mcgladry Study Average Number Of 38 Is The Correct Number For Cwu. That Is Why I Am Requesting Two Ftes. It Would Bring Our Group From 23 To 25, We Do Not Need 38. (See Attachment 1 "McGladry Report" pages 22 and 42 or ( 26 and 44 of pdf))
2. How does this use align with the University’s strategic plan? Specifically, how will these funds support one or more of CWU’s core themes? a. Teaching and Learning
b. Inclusiveness and Diversity
c. Scholarship and Creative Expression
d. Public Service and Community Engagement
e. Resource Development and Stewardship These funds would be used to enhance internal controls and provide for better stewardship of the university's resources. 3. What efforts have there been to find these funds within the requesting unit or your VP’s division? Include documentation to that effect. I Have Had Conversations, But The 2% Cut (FY2018) Has Crowded Out The Opportunity For Support. 4. What funds from within the requesting unit are being allocated towards this effort? The only readily available funds are only the travel/training budget and we have new accounting standards related to pensions to prepare for. We need adequetly trained staff to meet the requirements.
5. Does the requesting unit have external revenue* or internal reimbursement streams? no If so: a) Where does it come from?
b) What efforts have been made to increase the requesting unit’s revenue generation?
Made with FlippingBook flipbook maker