The payroll department strives to pay all internal and external customers (students, faculty, staff, and governmental agencies) in an accurate and timely manner.
♦ Sponsored Projects-related functions include graduate stipend validation and processing, timesheet processing and adjustments; validation of all payroll authorization info input into the Banner system; maintenance of the timesheet system including approvers, proxies, and superusers; and completion of Employment Verification Forms (VOEs)
General accounting is responsible for the stewardship of the university’s general ledger. The stewardship includes journal entries, account reconciliations, revenue recognition, and reporting.
♦ Sponsored Projects-related functions include cash management, Banner Access, Banner uploads, and Position Control.
Student Accounting is responsible for maintaining the record of student accounts and issuing account notices and bills within the Banner and DSS systems.
♦ Sponsored Projects-related functions include posting and adjusting tuition and associated cost share on grants
Procurement services supports the purpose and strategic vision of Illinois Tech through all procurement-related efforts, including responsible stewardship of university resources, customer-oriented services, collaborative partnerships with campus, and efficient, effective, and compliant processes to ensure the strategic and sustainable procurement of goods and services in accordance with federal, state, and university laws and regulations to minimize risk and maximize value for all stakeholders.
♦ Sponsored Projects-related functions include approvals within the BuyIt procurement system and assistance with purchase orders and management of the procurement card
Budget and Finance
The Illinois Tech budget office coordinates all budget functions, including the annual budget cycle, budget transfers, and reporting that units need in order to manage their budget funds. It is a sub-unit of the vice president of finance and administration office. The budget office is continually seeking to strengthen and streamline budget related workflow, including position control management, forms, budget and planning tools, and reporting.
♦ Sponsored Projects-related functions include ICR and Residual funds (17xxxx and 15xxxx)