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UWEC Finance: Empowering Students Through Fiscal Responsibility

UWEC's Finance department plays a critical role in supporting the university's mission by managing its financial resources responsibly and providing vital services to students, faculty, and staff. The department's core functions include budget management, accounting, procurement, payroll, and student financial services, all aimed at ensuring the financial health and stability of the institution. For students, the Finance department is often their first point of contact for understanding tuition and fees, payment options, and financial aid disbursements. Student Financial Services offers personalized guidance and support to help students navigate the complexities of funding their education. They provide clear and concise information on billing schedules, payment plans, and refund processes. The department also collaborates with the Financial Aid Office to ensure accurate and timely disbursement of scholarships, grants, and loans. Students can access online resources, attend workshops, and meet with financial advisors to learn about budgeting, debt management, and building good credit habits. Beyond student services, the Finance department oversees the university's budget, ensuring that resources are allocated effectively to support academic programs, research initiatives, and campus operations. The department works closely with university leadership and individual departments to develop and monitor budgets, ensuring alignment with strategic priorities and compliance with state and federal regulations. They also prepare financial reports for internal stakeholders and external agencies, providing transparency and accountability in financial management. Procurement services within the Finance department are responsible for purchasing goods and services needed by the university. They strive to obtain the best value for the university while adhering to ethical purchasing practices and legal requirements. This involves negotiating contracts with vendors, managing bidding processes, and ensuring compliance with university policies. Efficient procurement practices are essential for controlling costs and supporting the efficient operation of all university departments. The payroll function ensures that all employees are paid accurately and on time. This involves managing employee data, calculating wages and deductions, and processing payroll taxes. The department stays up-to-date on complex payroll regulations and provides support to employees regarding their paychecks, benefits, and tax forms. UWEC Finance emphasizes transparency and accountability in its operations. They provide accessible information on financial policies, procedures, and performance. They are committed to continuous improvement and utilize technology to streamline processes and enhance efficiency. By proactively managing financial resources and providing excellent service, the UWEC Finance department contributes significantly to the university's success and the overall student experience. Their dedication to fiscal responsibility empowers students to achieve their educational goals and strengthens the university's ability to serve the community. ```