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Business Affairs serves the campus community by providing quality financial services in an efficient manner. The office is staffed by five professionals, servicing 85 end-user departments and 250 separate funds. Additionally, the staff oversees the College's student health and risk management programs.
The services provided by the department include:
Accounts payable
Cashiering functions other than
student accounts receivable
College owned property management
Financial covenant compliance
Fiscal audit preparation
Institutional contract maintenance
Internal and external financial reporting
Investment portfolio management
Monthly budget reporting via paper reports and online access to departments
Property and casualty insurance program management
Purchasing services
Student accounts receivable
Student health insurance program administration
Student loan credit and collection administration
Vendor and banking relations
Business Affairs Mission Statement
Business Affairs is responsible for establishing and maintaining the official accounting systems, records, and related systems of internal control of LaGrange College, in accordance with generally accepted accounting principles; for providing stewardship and accountability for institutional assets and all financial resources received and used; for providing services and support in the acquisition of goods and services; and for providing an exceptional level of satisfaction and efficient service for all its customers, both internal and external to the College.
Business Affairs has responsibility for treasury, investments, banking services, purchasing, accounts payable, long-term debt, property records and risk management functions; for the preparation of internal and external financial reports including the general purpose financial statements; and the coordination and oversight of the external, independent audit.
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