9 Fund Manager Responsibilities

Fund Managers are responsible for the financial and operational management of their funds. This is very broad responsibility encompassing all aspects of fund management. These responsibilities include fund oversight, establishment of internal controls at the departmental level, transaction review, and financial responsibility.

Visit: TEAM Financial Registration Help or HSC OP 50.03 for more information.

Contact fsm@ttuhsc.edu with questions.

1. Establish Internal Controls

Establish internal controls at the departmental level.

2. Reconcile Transactions

Reconcile ledger transactions to departmental transactions.

3. Ensure Compliance

Ensure compliance with fund purposes and/or restrictions.

4. Follow Policies

Be aware of institutional policies concerning fund management.

5. Manage Budget

Ensure sufficient budget is available to support anticipated expenditures for the entire fiscal year.

6. Maximize Cash Flow

Maximize cash flow through effective internal procedures, timely billing, collection and depositing of revenue.

7. Maintain Fund Balances

Maintain positive fund balances and cover deficits throughout the fiscal year.

8. Provide Program Coding

Provide correct program coding.

9. Monitor Delegated Persons

Assume responsibility for activities and transactions of delegated persons.