Texas Tech University

Fiscal Services

Sharon Williamson is the Assistant Vice President of Fiscal Services.

Accounting Services

www.depts.ttu.edu/accountingservices/

The Offices of Research Accounting and Financial Services have merged into one central accounting office, Accounting Services.

Simone Hasie is the Managing Director of Accounting Services.

Accounting Services supports the teaching, learning, research and public service missions of TTU by providing financial administration, compliance, and other support services for sponsored project funds.

They serve as a resource to Principal Investigators, College,Departmental, Administrators, and Researchers in the following aspects of the post-award financial administration:

  • Account Setup
  • Sponsor Billing
  • Sponsor Financial Reporting
  • External Research-Related Financial Reporting
  • Account Closeout
  • Financial Compliance
  • Service Center Rate Development
  • Facilities and Administration (F&A) Rate Proposal and Negotiation

Accounting Services also includes Financial Services, Property Inventory & Reporting, and Tax Reporting. Accounting Services provides the accounting function for Texas Tech University System and Texas Tech University for State funds, institutional funds, and current restricted/endowment funds. The department is responsible for filing the Annual Financial Report with the State Comptroller's Office along with other required state and federal reports. Property Inventory & Reporting is responsible for tagging all capitalized and controlled assets, tracking annual property inventory certifications conducted by departments, and filing related reports as required by the State. The department is responsible for filing tax returns as required by the State of Texas and Internal Revenue Services, including Mixed Beverage Tax Report, Sales Tax Report, and Unrelated Business Income Tax Return.

Financial & Managerial Reporting Services

Provides A&F finance areas with oversight, review, analysis and training related to annual financial reporting requirements required by the State of Texas Comptroller's office as well as various other state agencies for TTU and TTUSA, prepares the TTUSA AFR and TTU System combined AFR (includes financial reports for all five TTU System component institutions), partners with AFISM to provide financial report automation for A&F finance areas, develops and implements financial reporting policies per GASB and the State of Texas Comptroller's office, and provides monthly and quarterly financial reporting review analysis and ratio development services.

Budget and Resource Planning and Management

www.depts.ttu.edu/budget/

Crista McCune is the Managing Director of Budget and Resource Planning and Management.

The Budget Office is responsible with forecasting, analyzing and making adjustments to the University's operating budget. Budget provides support to faculty and staff concerning fiscal inquiries related to budget management, personnel funding and budget compliance. Budget is also responsible for various state mandated reports including the Legislative Appropriations Request.

University Financial Services

www.depts.ttu.edu/ufs/

Steph Smith is the Managing Director of University Financial Services.

University Financial Services primary functions include:

  • Reconciliation of Texas Tech’s deposit and disbursement bank accounts
  • Track and record incoming wire transfers and ACH transactions
  • Reconciliation of unclaimed property accounts, performing due diligence and escheatment to the state of Texas
  • Reconciliation of University deposit revenue clearing accounts
  • Reconciliation of payments feeding from the student to the finance system
  • Receipt, verification and processing of TTU deposits and maintenance of cash and change funds
  • Facilitates ability for departments to accept credit cards
  • Assists with campus wide PCI DSS compliance standards

President & CFO Office

Sandy Martinez is the Senior Director for Financial Planning & Analysis.

Contact

Administration & Finance