{"675043":{"#nid":"675043","#data":{"type":"news","title":"Georgia Tech Earns 10th   Excellence Award for Financial Reporting ","body":[{"value":"\u003Cdiv\u003E\u003Cdiv\u003E\u003Cp\u003EGeorgia Tech has been named the recipient of the Georgia Department of Audits and Accounts Award of Distinction for Excellent Financial Reporting for fiscal year 2023, marking the 10th recognition since 2014.\u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cp\u003E\u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cp\u003EEach year, the Office of the Controller spearheads the planning and execution of year-end closeout activities.\u0026nbsp; This includes the communication of detailed procedures and the management of critical processes to ensure a coordinated approach to financial responsibilities.\u0026nbsp; \u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cp\u003EIn collaboration with various on-campus entities and other component units, such as the Georgia Tech Foundation and Georgia Tech Facilities Inc.,\u0026nbsp;the Office of the Controller supports a successful year-end closeout by: \u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003EPreparing Year-End Documents\u003C\/strong\u003E: Develop key documents that outline year-end closeout steps.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003EHosting the Year-End Town Hall\u003C\/strong\u003E: Conduct a meeting to discuss year-end procedures, departmental updates, and providing clarity to campus units.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003EOverseeing Task List\u003C\/strong\u003E: Manage a list of critical year-end tasks that need to be completed according to Institute and University System of Georgia (USG) timeliness.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003EManaging Closing Review Checklist\u003C\/strong\u003E: Administer a checklist to respond to any significant financial activity identified by campus units.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003EActing as State Audit Liaison\u003C\/strong\u003E: Serve as the main contact for the annual audit, with Institute Controller and Chief Accounting Officer Amy Herron as the primary engagement representative and Finance Compliance Program Manager Amry Stanley as the primary point of contact.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003EMaintaining Audit Request List\u003C\/strong\u003E: Manage a list of audit documentation requests from state auditors, required from central units between July and October.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cul\u003E\u003Cli\u003E\u003Cstrong\u003ECoordinating Reporting\u003C\/strong\u003E: Align schedules and data for financial reporting to the USG by established deadlines.\u0026nbsp;\u003C\/li\u003E\u003C\/ul\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cp\u003EInstitute Controller and Chief Accounting Officer Amy Herron emphasizes the collective effort behind this achievement, \u201cAlthough the Controller\u2019s Office oversees closeout, financial reporting, and annual state audit activities, the Institute could not receive such a prestigious award without the collaborative efforts of central administrative units, campus units, component units, and affiliated organizations. These units work collectively to meet critical deadlines and to ensure Institute finances are managed across campus. This is truly a group effort.\u201d\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cp\u003EThis award is a testament to Georgia Tech\u2019s continued adherence to best practices in financial management, commitment to comprehensive and transparent financial documentation, constructive approach to collaboration, and dedication to the Institute\u2019s Administrative Excellence initiative.\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cdiv\u003E\u003Cp\u003EGeorgia Tech has been named the recipient of the Georgia Department of Audits and Accounts Award of Distinction for Excellent Financial Reporting.\u003C\/p\u003E\u003C\/div\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Award of Distinction presented to Georgia Tech for 10th time. "}],"uid":"36461","created_gmt":"2024-06-07 14:39:17","changed_gmt":"2024-06-07 14:43:13","author":"imaul3","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2024-06-07T00:00:00-04:00","iso_date":"2024-06-07T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"674154":{"id":"674154","type":"image","title":"GettyImages-942721178.jpg","body":null,"created":"1717771174","gmt_created":"2024-06-07 14:39:34","changed":"1717771174","gmt_changed":"2024-06-07 14:39:34","alt":"Stock photo of certificate.","file":{"fid":"257632","name":"GettyImages-942721178.jpg","image_path":"\/sites\/default\/files\/2024\/06\/07\/GettyImages-942721178.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2024\/06\/07\/GettyImages-942721178.jpg","mime":"image\/jpeg","size":13982197,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2024\/06\/07\/GettyImages-942721178.jpg?itok=71AqXPII"}}},"media_ids":["674154"],"groups":[{"id":"220261","name":"Finance and Planning"}],"categories":[{"id":"129","name":"Institute and Campus"}],"keywords":[{"id":"4175","name":"finance"},{"id":"190150","name":"Finance and Planning"},{"id":"131101","name":"controller\u0027s office"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003ECommunications Program Manager | Institute Communications\u003Cbr\u003EGeorgia Institute of Technology\u003Cbr\u003E\u003Ca href=\u0022mailto:india.maul@gatech.edu\u0022\u003Eindia.maul@gatech.edu\u003C\/a\u003E | comm.gatech.edu\u003C\/p\u003E","format":"limited_html"}],"email":["india.maul@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}