Policy 1403: Financial Reporting to Outside Agencies
Subject Area: Financial Reporting
Responsible Office: Financial Services
Sponsor: Associate Vice President for Finance
Originally Issued: January 1995
Revised: January 2010
Refer Questions To: James Ribikawskis, 773-702-3690
Purpose: To establish responsibility for providing various periodic financial reports required by governmental and private agency regulations.
1. Financial Services is responsible for the timely preparation, approval and submission of all required financial reports, including interim and final financial reports required under grant and contract agreements (see Financial Policy No. 2116).
2. The Financial Accounting System and related subsystems are the source for preparation of all required financial reports.
3. Any financial information included in reports to any outside third party, either directly or by reference, must be approved by Financial Services prior to distribution.