20.031 University Finance

Executive Order No. 44, 11-15-18.

1. General
   The University of Missouri Finance function serves in a leadership role to deliver fiscally responsible results and drive value as a strategic business partner for the organization, working to align our resources consistent with the mission and priorities of the University. Unless otherwise indicated, this policy applies to the University of Missouri System, its administration, four universities and all of their component parts (hereinafter referred to as “University” or “UM System”).
2. University of Missouri Finance Team
   
   1. UM Finance Team
      The University of Missouri Finance Team (“UM Finance Team”) is comprised of the Finance offices for the UM System.
   2. Collaboration
      Recognizing both the necessity and administrative efficiencies gained, the UM Finance Team shall work in collaboration to meet the needs of UM System.
   3. Accountability and Alignment
      To ensure the accountability and alignment of the UM Finance Team, each Chancellor or the Chief Executive Officer for MU Health, as the case may be, and the UM System Vice President for Finance/Chief Financial Officer are jointly responsible for approving the following as it relates to the Chief Financial Officer (or their equivalent) for the applicable university or MU Health:
      1. Recruitment and hiring decisions
      2. Disciplinary and termination decisions
      3. Annual performance evaluations and compensation decisions.

      For situations in which concurrence is not reached, the collective decision will be made with the President.
      The President will also consult with and seek input from Chancellors and the Chief Executive Officer for MU Health on the following matters as related to the UM System Vice President for Finance/Chief Financial Officer:

      1. Recruitment and hiring decisions
      2. Disciplinary and termination decisions
      3. Annual performance evaluations and compensation decisions.
3. Strategies
   The Vice President for Finance/Chief Financial Officer, in collaboration with the other General Officers and the university and MU Health Chief Financial Officers (or their equivalents), will jointly develop the Finance strategies for the UM System. Each university and MU Health has the flexibility to develop their specific Finance strategies after consultation with and the concurrence of the UM Administrative Management Council (“AMC”) and so long as the strategies are not in conflict with or interfere with the UM System Finance strategies. AMC is comprised of the Vice President for Finance/Chief Financial Officer for the UM System and the Chief Financial Officers for the universities and MU Health, (or their equivalents).
4. Implementation
   The General Officers of the University and the UM Finance Team are responsible for the implementation of the Finance strategies for the UM System.