Finance

FinanceThe Finance Focus Area is supported by Finance & Auxiliary Services, Sponsored Projects Accounting Compliance (SPAC), and schools. The table below identifies the RTF focus area status of each recommendation or decision followed by a membership roster including the primary and deputy focus area leader. The following initiatives have been approved by senior leadership to move forward as part of the COVID-19 Recovery process.

Finance Video Update

UMB Approved Initiatives

IssueStatus
Strategy to address financial uncertainty In Progress
Emergency procurement communication improvements In Progress
Reimbursement process improvements In Progress

Strategy to address financial uncertainty

In Progress

DescriptionDate ApprovedExpected Completion
  • SPAC will keep schools and executive leadership informed of disallowed costs on contracts and grants
  • CASS will work with Public Assistance consultant to maximize funding opportunities
  • Recovery of lost revenues and incurred cost associated with COVID
  • Use Funding Model Workgroup to develop a strategy to maximize revenues and reduce costs over next three years
  • UMB needs to decide how long to continue providing administrative leave.
  • This is only an issue on non-state support funding sources
 6/11/2020 Fiscal Year 2021

 

FEMA Pubic Assistance Campus Briefing

Watch this presentation on COVID-19 cost recovery federal funding opportunities, including the FEMA Public Assistance program, from Hagarty consulting. (Requires log-in to campus email.)

Emergency procurement communication improvements

In Progress

DescriptionDate ApprovedExpected Completion
  • Continue to use BIORESCO to order PPE supplies
    • Seed funding to be provided by campus
    • Charged to unit when drawn from inventory
  • Form an emergency procurement advisory group to BIORESCO
    • Representation from all schools and VP departments
    • Identify emergency procurement needs
 6/11/2020  

Reimbursement process improvements

In Progress

DescriptionDate ApprovedExpected Completion
  • Explore adding additional object codes to travel system to accommodate reimbursements of supplies.
  • Explore BIORESCO capability to order/stock necessary items for remote learning and telework.
 6/11/2020  

Focus Area Roster

Primary Focus Area Leader

Scott Bitner, CPA, MBA 
Senior Associate Vice President and Deputy CFO
University of Maryland, Baltimore 

Deputy Focus Area Leader

John Jensen, MBA
Assistant Vice President, Central Administration Support Services
University of Maryland, Baltimore 

Focus Area Members

Cherita Adams, MBA, MS
Assistant Dean, Administration & Strategic Initiatives
University of Maryland School of Social Work

Susan Antol, PhD, MS, RN
Assistant Professor, Partnerships, Professional Education & Practice
Director, Wellmobile and School-Based Wellness Programs
University of Maryland School of Nursing

Bill Cooper, MBA
Senior Associate Dean, Administration & Finance
University of Maryland School of Pharmacy 

Kevin Donegan, MBA, FCCA
Assistant Vice President, Budget and Financial Analysis
University of Maryland, Baltimore

Neal Gallico, MFA
Director of Finance, Institute for Innovation and Implementation
University of Maryland School of Social Work

Bill Gardiner, CPA, MBA
Associate Dean, Administration and Finance
University of Maryland School of Nursing

Pam Heckler
COO and Treasurer, UMB Foundation, Inc.
Assistant VP, UMB Philanthropy Operations

Cynthia Lyons, CPA, MBA, MPA, MSAT, MDE
Deputy Controller
University of Maryland, Baltimore

Susan McKechnie, CPA
Assistant Vice President and University Controller
University of Maryland, Baltimore

Andreas Ortmeyer, MSA
School Controller
University of Maryland Francis King Carey School of Law

Jordan Nixon, MBA
Assistant Controller, Bursar
University of Maryland, Baltimore

Ronald Powell, MBA
Assistant Dean, Administration & Finance, Controller
University of Maryland School of Medicine

James Reynolds, MBA
Assistant Vice President, Fiscal & Academic Affairs, Office of the Provost
University of Maryland, Baltimore
Assistant Dean, Administration & Finance, Graduate School
University of Maryland Graduate School

Laura Scarantino, MSF, CPA
Assistant Vice President, Special Projects Accounting and Compliance
University of Maryland, Baltimore

Valerie Sikora, MSF
Assistant Dean, Administration & Finance
University of Maryland School of Dentistry

Legal Advisors

Susan Gillette, JD
Vice President and General Counsel
Office of University Counsel
University of Maryland, Baltimore

Arthur (Skip) Rose, JD
University Counsel
Office of University Counsel
University of Maryland, Baltimore