JCCC Finance Department: Stewards of Financial Well-being

The Johnson County Community College (JCCC) Finance Department plays a crucial role in maintaining the institution's financial health and supporting its mission of providing accessible and high-quality education. The department is responsible for a wide range of functions, from managing the college's budget and financial reporting to ensuring compliance with relevant regulations.

Core Responsibilities

At its core, the Finance Department manages the college's financial resources effectively and responsibly. Key responsibilities include:

• Budgeting and Financial Planning: The department leads the annual budget development process, working with various departments across the college to allocate resources effectively. This involves forecasting revenues, projecting expenses, and ensuring alignment with the college's strategic goals.
• Financial Reporting and Accounting: Maintaining accurate and transparent financial records is paramount. The department prepares financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and provides reports to internal stakeholders, the Board of Trustees, and external regulatory agencies.
• Accounts Payable and Receivable: The department manages the payment of invoices and the collection of revenue from tuition, fees, and other sources. This includes ensuring timely payments to vendors and accurate processing of student accounts.
• Payroll: Accurately processing payroll for all JCCC employees, including faculty, staff, and student workers, is a critical function. The department ensures compliance with tax laws and regulations related to payroll.
• Treasury Management: The department manages the college's cash flow, investments, and debt. This includes optimizing returns on investments while maintaining adequate liquidity to meet the college's financial obligations.
• Compliance and Internal Controls: Ensuring compliance with federal, state, and local regulations is a priority. The department establishes and maintains internal controls to safeguard assets, prevent fraud, and ensure the integrity of financial information.
• Grant Management: The department oversees the financial management of grants awarded to the college, ensuring compliance with grant requirements and reporting regulations.

Supporting the College Community

The Finance Department's work directly supports the college community by:

• Providing Financial Resources for Academic Programs: By effectively managing the budget, the department ensures that academic programs have the resources they need to deliver high-quality instruction.
• Supporting Student Services: The department plays a role in administering financial aid and scholarships, helping students access affordable education.
• Maintaining Campus Infrastructure: Funding for capital improvements and maintenance of campus facilities is managed through the Finance Department.
• Ensuring Transparency and Accountability: The department's commitment to accurate financial reporting and compliance with regulations promotes transparency and accountability to stakeholders.

Commitment to Excellence

The JCCC Finance Department is committed to continuous improvement and strives to provide excellent service to the college community. They embrace technology and best practices to enhance efficiency and effectiveness in all their operations. The department's dedication to financial stewardship is essential for JCCC to fulfill its mission and serve the needs of its students and the community.