The Office of Financial and Business Administration, a unit of the Office of the Executive Dean of Agriculture and Natural Resources, serves as the central financial office for the School of Environmental and Biological Sciences and the New Jersey Agricultural Experiment Station.
Our primary function is to facilitate processing of financial transactions through the central university controller's office. The university has empowered the financial and business administration office staff with the authority to approve financial transactions without further review. Financial transactions include but are not limited to TABERS, travel orders, travel advances, requisitions, journal entries, cash transmittals, and all payroll actions (new hire, termination, upgrade, in-grade, etc.) Once funding is granted, only the OFBA can provide final approval.
The office is also charged with the responsibility for protecting the assets of the school and experiment station, providing fund and cash management functions, respecting grantor and donor restrictions, monitoring the Federal Letter of Credit, and completing and filing financial reports for our Federal appropriations directly with the USDA-NIFA.
In executing these functions, we review all unit expenditures for both funding availability and compliance with both university and funding source regulations.
In addition, the office is dedicated to providing administrative and liaison support, and interpreting policies and procedures.
The main units of the office are: