Financial Affairs

www.depts.ttu.edu/fa/


Sharon Williamson is the Interim Assistant Vice President for Financial Affairs/ Controller click here  for more information.


Provide financial affairs areas with oversight, review, analysis and training related to annual financial reporting requirements required by the State of Texas Comptroller’s office for the University and System Administration, prepare the TTU System combined annual financial report for the State of Texas Comptroller’s office which includes financial reports for all four TTU System component institutions, partner with AFISM to provide financial report automation for financial affairs areas as well as campus departments, develop and implement financial reporting policies per GASB and the State of Texas Comptroller’s office.



Financial Services and Tax

www.depts.ttu.edu/fst/


Noel Sloan is the Managing Director of Financial Services and Tax. click here  for more information.


Financial Services and Tax includes Financial Services, Property Inventory & Reporting, and Tax Compliance & Reporting. Financial Services provides the accounting function for Texas Tech University System and Texas Tech University for State funds, institutional funds, and current restricted/endowment funds. The department is responsible for filing the Annual Financial Report with the State Comptroller’s Office along with other required state and federal reports. Property Inventory & Reporting is responsible for tagging all capitalized and controlled assets, tracking annual property inventory certifications conducted by departments, and filing related reports as required by the State. Tax Compliance & Reporting provides the tax function for Texas Tech University System, Texas Tech University, and Texas Tech University Health Sciences Center. The department is responsible for filing tax returns as required by the State of Texas and Internal Revenue Services, including Mixed Beverage Tax Report, Sales Tax Report, and Unrelated Business Income Tax Return.


 


Accounts Receivable

www.depts.ttu.edu/fa/departments/ar/


Steph Smith is the Managing Director of Accounts Receivable click here  for more information.


Accounts Receivable primary functions include:

  • Reconciliation of Texas Tech’s deposit and disbursement bank accounts
  • Track and record incoming wire transfers and ACH transactions
  • Reconciliation of unclaimed property accounts, performing due diligence and escheatment to the state of Texas
  • Reconciliation of University deposit revenue clearing accounts
  • Reconciliation of payments feeding from the student to the finance system
  • Receipt, verification and processing of TTU deposits and maintenance of cash and change funds
  • Facilitates ability for departments to accept credit cards
  • Assists with campus wide PCI DSS compliance standards