Mills College Finance Office: Navigating Financial Matters

The Mills College Finance Office, despite the college’s transition to become Mills College at Northeastern University, continues to play a vital role in managing the institution’s financial operations. This office is responsible for a broad range of financial functions, ensuring the responsible and transparent handling of funds.

Key Responsibilities

The core duties of the Finance Office include:

• Accounts Payable: Processing payments to vendors, suppliers, and other entities ensuring timely and accurate disbursement of funds.
• Accounts Receivable: Managing student accounts, invoicing, and collecting payments for tuition, fees, and other charges.
• Budgeting and Financial Planning: Assisting departments in developing and managing their budgets, and contributing to the overall financial planning process for the institution.
• Financial Reporting: Preparing accurate and timely financial reports for internal stakeholders, external auditors, and regulatory agencies. This includes annual financial statements and other required disclosures.
• Payroll: Processing payroll for faculty, staff, and student employees, ensuring accurate and timely payment of wages and salaries, and compliance with all relevant tax regulations.
• Grant Management: Administering grant funds received by the college, ensuring compliance with grant requirements and regulations, and providing financial reporting to grantors.
• Student Financial Services: Working with students and their families to provide information and assistance regarding financial aid, payment plans, and other financial matters.
• Internal Controls: Implementing and maintaining strong internal controls to safeguard the college’s assets and ensure the integrity of financial information.

Navigating the Office

Students, faculty, and staff interact with the Finance Office in various ways. Students primarily engage with Student Financial Services for questions about tuition, fees, and financial aid. Faculty and staff interact with the office for matters related to purchasing, reimbursement, budget management, and payroll. The office typically provides online resources, including forms, policies, and procedures, to facilitate these interactions.

Impact of the Transition

The integration with Northeastern University will inevitably bring changes to the Finance Office’s operations. These changes may involve aligning financial systems and processes with Northeastern’s, adopting new financial policies and procedures, and adjusting the organizational structure of the office. The goal is to ensure a smooth transition and continued financial stability during this period.

Contacting the Office

To obtain specific information or assistance, individuals should consult the Mills College at Northeastern University website for the most up-to-date contact information and office hours. Information on how to reach the appropriate department or individual within the Finance Office is usually available online. Common inquiries can often be resolved through the online resources and FAQs provided by the office.