To review a list of known issues we are working on please visit our Workday Finance status page. Have something additional to report? Contact askfinance@virginia.edu
Resources
Board of Visitors Policies*
- Debt Policy (pdf)
- Interest Rate Risk Management Policy (pdf)
- Working Capital Investment Policy
- Liquidity Management Policy
The Office of the Treasurer is the steward of the University’s financial resources, practicing sound financial management in support of academic, scientific and faculty excellence. Reporting directly to the Vice President for Finance, the Treasurer’s office ensures the sustainability of the University’s mission and goals by:
Treasury manages the University bank accounts, funds them, and invests any excess balances daily to optimize return on operating cash. Treasury also maintains adequate access to cash in order to meet forecasted liquidity needs.
Treasury issues and manages both long-term and short-term debt on behalf of the University. The University issues debt primarily to fund capital expenditures. Treasury also manages the interest rate risk of the University’s debt portfolio through its Interest Rate Risk Management Program.
Treasury acts as the bank for the University's departments and schools. It provides internal loans to meet projected funding needs and provides investment options and advice for units that want to invest excess cash.
Treasury Management manages the short-term investment of the University's working capital and oversees its long-term investments with the University of Virginia Investment Management Company (UVIMCO). The short-term investments are managed to provide the University with sufficient liquidity and safety for operating cash. Long-term investments are invested according to the guidelines in UVIMCO's Investment Policy statement.
Treasury also provides oversight of investments held outside UVIMCO, such as trusts and security-specific investments.
How do I submit a wire request?
With the implementation of Workday Financials, schools and departments can no longer request wire payments. The payment type is now determined by how the supplier is set up through PaymentWorks. If your department is working with a Supplier, please have the supplier enroll in PaymentWorks for ACH payments.
Moody's AAA Rating Report 2024
This QRG is designed to walk Workday role(s) through steps to see Internal Loan balances and transfers. By the end of this QRG, users will be able to see outstanding Internal Loan balances and payments during the fiscal year. See also this FAQ document.
Petty Custodian Miscellaneous Payment Request (Video Resource)
This is the Change Fund Reconciliation Form.
Please use the Petty Account Request form attached and email to treasury@virginia.edu with signatures
If you have deposited revenue, you may come across times that you need to refund the customer. The process for refunding the money is different depending on how the revenue came into the university.
The attached pdf provides information on Fund Balance Ownership through the transition to Workday Financials.
This Quick Reference Guide (QRG) is designed to walk a Petty Custodian through a Miscellaneous Payment Request to request a replenishment of their petty cash account. After a petty cash account has been established and initially funded for their area by Treasury, it may become necessary to replenish the petty cash account. This is done by the Petty Custodian through a Miscellaneous Payment Request.