Treasury

Our mission lies a commitment to excellence and integrity in financial stewardship. Through our diverse range of responsibilities, we strive to uphold the highest standards of transparency, accountability, and efficiency. Treasury is responsible for a plethora of essential tasks critical to ACC’s financial health and operational efficiency; these include:

• Banking: Managing ACC’s banking relationships and transactions to optimize financial resources and support institutional goals.
• Banking Relations: Managing relationships with banks and financial institutions to negotiate favorable terms and secure essential financial services.
• Bond and Project Accounting: Overseeing the financial aspects of projects and bond issuances, ensuring compliance with regulatory standards and prudent financial management practices.
• Cash Flow Projections: Providing accurate and timely projections of cash flow to support informed decision-making and effective resource allocation.
• Cash Position: Efficiently managing the College’s liquidity stakes by considering factors like cash inflows (deposits), cash outflows (payments and withdrawals), pending transactions, and available liquid assets to ensure adequate liquidity for operational needs, investment opportunities, and emergency situations.
• Debt Management: The Executive Vice-Chancellor, Finance and Administration/Chief Financial Officer (CFO) oversees the College’s borrowing activities, including issuing bonds and securing debt, to finance growth and effectively manage the liabilities. The CFO formulates strategies for the responsible management of ACC’s debt obligations, balancing financial commitments with long-term sustainability objectives. The Investment Officers operationalize the decisions to ensure positive financial audit outcomes.
• Financial Reporting Support: Offering crucial support for the completion of interim financial reports and the Annual Comprehensive Financial Report (ACFR), maintaining transparency and compliance with regulatory requirements.
• Financial Risk Management: Identifying, assessing, and mitigating financial risks, such as interest rate fluctuations and currency exchange volatility, to protect the College’s financial health.
• Investment Management: The Investment Officers, who act on behalf of ACC, are charged with investing funds in instruments in accordance with the Public Funds Investment Act (Chapter 2256, Texas Government Code). Strategically investing ACC’s funds to achieve optimal returns while maintaining a balanced risk profile. To comply with the Board-approved Investment Policy, Treasury must:
  • Understanding of the suitability of the investment;
  • Preservation and the safety of the principal;
  • Liquidity;
  • Marketability of the investment if the need arises to liquidate the investment before maturity;
  • Diversification of the investment portfolio; and
  • Yield.
• Regulatory Compliance: Ensuring adherence to the relevant financial regulations and reporting requirements to maintain transparency and trust.

Treasury’s mission is to be a reliable financial steward, dedicated to safeguarding the organization’s assets, optimizing financial performance, and supporting sustainable growth. Through our expertise and strategic approach, we plan to have a positive impact on the ACC’s financial health and future success. Through our diligent efforts and strategic initiatives, Treasury contributes to ACC’s overall success by:

• Enhancing financial transparency and accountability
• Maximizing the efficient use of financial resources
• Facilitating informed decision-making at all levels of the institution

If your departments or service needs a Square to process payments. Please contact us at treasurysp@austincc.edu and we will invite your to a 1-on-1 meeting to set everything up.

* If you’re expecting a payment/a refund – from a customer, vendor, supplier, or sponsor, etc.

(1) Please send an email to mymoney@austincc.edu.

(2) Please provide as much information as possible to identify the payment and payor:

• The invoice or unique identifier,
• The $ amount you are expecting,
• Provide the accounting information: i.e. Fund, Functional Classification, GL Account, Revenue (Spend) Category, Cost Center. Please provide the Project, Grant, or Gift Number, if applicable.

(3) The Treasury team may reach out to you, if additional information is required

(4) The Treasury team keeps an eye out for the payment.

(5) Once the payment is received, the Treasury team posts the funds.

(6) If you need to inquire about the payment, you may contact the Treasury team at mymoney@austincc.edu.