NMSU Finance Office: Stewards of Aggie Resources

The New Mexico State University (NMSU) Finance Office plays a pivotal role in managing the university's financial resources, ensuring fiscal responsibility, and supporting the academic and research missions of the institution. As the central hub for all financial transactions, the office is dedicated to providing accurate, timely, and reliable financial information to university stakeholders.

The core functions of the NMSU Finance Office are broad and encompass several key areas. These include:

• Accounting and Financial Reporting: This team is responsible for maintaining the university's general ledger, preparing financial statements, and ensuring compliance with Generally Accepted Accounting Principles (GAAP) and governmental accounting standards. They manage accounts payable, accounts receivable, and fixed asset accounting.
• Budgeting and Planning: The Budget Office develops and monitors the university's annual operating budget, working closely with academic and administrative units to align resource allocation with strategic priorities. They provide budget analysis and support to university leadership.
• Treasury Services: This department manages the university's cash flow, investments, and debt. They handle banking relationships and ensure the security and efficient management of university funds.
• Sponsored Projects Accounting: This specialized unit handles the financial administration of grants and contracts awarded to NMSU faculty and researchers. They ensure compliance with sponsor regulations and provide post-award financial management services.
• Payroll Services: The payroll team processes employee paychecks, manages payroll taxes, and ensures compliance with federal and state payroll laws. They also administer employee benefits programs.
• Procurement Services: While often a separate entity, the Finance Office frequently collaborates closely with procurement to ensure responsible spending and adherence to purchasing policies.

The Finance Office is committed to providing excellent customer service to the NMSU community. They offer training and resources to help departments and individuals understand financial policies and procedures. They utilize modern financial management systems to streamline processes and improve efficiency. Furthermore, transparency and accountability are paramount. The Finance Office works diligently to maintain the integrity of the university's financial records and to provide accurate and timely financial information to stakeholders.

Beyond the day-to-day operations, the NMSU Finance Office actively seeks to improve processes and implement best practices in financial management. They regularly review and update policies and procedures to ensure compliance and efficiency. Their contributions are essential to the overall financial health and stability of New Mexico State University, allowing the institution to fulfill its educational and research goals effectively.