Resources

Office of the Treasurer

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:

Debt Ratings
ReportsLong-Term RatingShort-Term RatingOutlook
Moody's Investor ServicesAaaP-1Stable
Can I Send a Wire Transfer?
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.
Investment Management

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.

Internal Banking
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.
Debt Offering
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.
Remote Deposit Scanning (RDS)

FAQs for Remote Deposit Scanning (RDS)

Is there required training?

 

Banking and Cash Management
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 and Cash Management Policies

Board of Visitors Policies*

What do I need to know before renting a vehicle?
Procedures to follow when renting a vehicle
Is there Accidental Coverage available for University-organized camps?

Campers Accidental Coverage provides coverage to participants of a University organized camp. Under this coverage, all registered campers are automatically covered while they participate in a university sponsored and supervised educational day and overnight camp activities. University departments hosting a camp session can contact the Office of Property & Liability Risk Management to coordinate coverage for the camp’s activities.

Does the University have coverages for Leased/Rental Vehicles?
Information on liability insurance coverage for leased/rental vehicles
Volunteer Policies

Throughout the year there are many people who will serve as volunteers to help assist the University in its academic, research, healthcare and public service missions.

Every volunteer must be approved and authorized by a Sponsoring Manager (Faculty, Staff or Administration member). The Sponsoring Manager is responsible for all documentation, supervision and training of the Volunteer.

Does the University have advice on preparation for and prevention of property loss?

 In an effort to help expedite the property claim process, it is recommended that departments maintain a current inventory of University owned property i.e. furniture, electronics, office equipment, supplies, research materials etc. There is no need to record bulk items or items valued under $100, i.e. misc. office supplies, pens, copy paper, paper clips etc.

What do I do in the case of an major accident/incident?

A Major Accident/Incident is one in which total damages may exceed $5,000 or any incident wherein bodily injury occurs.

If a Major Accident/Incident occurs, please take the additional following steps:

Instructions for Completing Auto Loss Notice

Time and Place of Accident:

Enter the Date, time, and specific address of accident.

Vehicle Usage

University vehicles are for transportation in the most effective, efficient and safest way possible for University employees in the performance of their duties.

A University vehicle is defined as a licensed motorized device for land transportation owned, leased or rented by the University, State or any State agency.

The University has policies and procedures regarding drivers and University vehicles. It is the responsibility of each department to assure compliance with these. Please refer to the sections below for specific information.

How do I submit a claim?
Auto Incident/Accident Claim

How to Report an Auto Incident/Accident Claim

(State Owned, Rented or Leased Vehicles)

Automobile accidents should be reported directly and immediately to:

Property & Liability Risk Management Contract Review

Contracts, agreements, and procurement provisions are reviewed by the Property & Liability Risk Management staff in an effort to protect the University from potential financial losses in its interactions with outside organizations. To do this, the following issues are reviewed:

How do I acquire coverage for Fine Arts or other Property loaned to the University?

In most cases, fine arts or other items loaned to and taken into the care, custody and control of the University departments can be provided with coverage through the University's Property Insurance Plan. Personal items belonging to others that are at the University, but where there is no written documentation of being on loan and in the care, custody, or control of the University, are not covered under the University's Property coverage.