FinanceThe Finance Focus Area is supported by Finance & Auxiliary Services, Sponsored Projects Accounting Compliance (SPAC), and schools. The table below identifies the RTF focus area status of each recommendation or decision followed by a membership roster including the primary and deputy focus area leader. The following initiatives have been approved by senior leadership to move forward as part of the COVID-19 Recovery process.

Finance Video Update

UMB Approved Initiatives

IssueStatus
Strategy to address financial uncertainty In Progress
Emergency procurement communication improvements In Progress
Reimbursement process improvements In Progress

Strategy to address financial uncertainty

In Progress

DescriptionDate ApprovedExpected Completion
  • SPAC will keep schools and executive leadership informed of disallowed costs on contracts and grants
  • CASS will work with Public Assistance consultant to maximize funding opportunities
  • Recovery of lost revenues and incurred cost associated with COVID
  • Use Funding Model Workgroup to develop a strategy to maximize revenues and reduce costs over next three years
  • UMB needs to decide how long to continue providing administrative leave.
  • This is only an issue on non-state support funding sources
6/11/2020 Fiscal Year 2021

 

FEMA Pubic Assistance Campus Briefing

Watch this presentation on COVID-19 cost recovery federal funding opportunities, including the FEMA Public Assistance program, from Hagarty consulting. (Requires log-in to campus email.)

Emergency procurement communication improvements

In Progress

DescriptionDate ApprovedExpected Completion
  • Continue to use BIORESCO to order PPE supplies
    • Seed funding to be provided by campus
    • Charged to unit when drawn from inventory
  • Form an emergency procurement advisory group to BIORESCO
    • Representation from all schools and VP departments
    • Identify emergency procurement needs
6/11/2020  

Reimbursement process improvements

In Progress

DescriptionDate ApprovedExpected Completion
  • Explore adding additional object codes to travel system to accommodate reimbursements of supplies.
  • Explore BIORESCO capability to order/stock necessary items for remote learning and telework.
6/11/2020  

Focus Area Roster

  • Primary Focus Area Leader

    Scott Bitner, CPA, MBA 
    Senior Associate Vice President and Deputy CFO
    University of Maryland, Baltimore 

  • Deputy Focus Area Leader

    John Jensen, MBA
    Assistant Vice President, Central Administration Support Services
    University of Maryland, Baltimore 

Focus Area Members

  • Cherita Adams, MBA, MS
    Assistant Dean, Administration & Strategic Initiatives
    University of Maryland School of Social Work

    Susan Antol, PhD, MS, RN
    Assistant Professor, Partnerships, Professional Education & Practice
    Director, Wellmobile and School-Based Wellness Programs
    University of Maryland School of Nursing

    Bill Cooper, MBA
    Senior Associate Dean, Administration & Finance
    University of Maryland School of Pharmacy 

    Kevin Donegan, MBA, FCCA
    Assistant Vice President, Budget and Financial Analysis
    University of Maryland, Baltimore

    Neal Gallico, MFA
    Director of Finance, Institute for Innovation and Implementation
    University of Maryland School of Social Work

    Bill Gardiner, CPA, MBA
    Associate Dean, Administration and Finance
    University of Maryland School of Nursing

    Pam Heckler
    COO and Treasurer, UMB Foundation, Inc.
    Assistant VP, UMB Philanthropy Operations

    Cynthia Lyons, CPA, MBA, MPA, MSAT, MDE
    Deputy Controller
    University of Maryland, Baltimore

  • Susan McKechnie, CPA
    Assistant Vice President and University Controller
    University of Maryland, Baltimore

    Andreas Ortmeyer, MSA
    School Controller
    University of Maryland Francis King Carey School of Law

    Jordan Nixon, MBA
    Assistant Controller, Bursar
    University of Maryland, Baltimore

    Ronald Powell, MBA
    Assistant Dean, Administration & Finance, Controller
    University of Maryland School of Medicine

    James Reynolds, MBA
    Assistant Vice President, Fiscal & Academic Affairs, Office of the Provost
    University of Maryland, Baltimore
    Assistant Dean, Administration & Finance, Graduate School
    University of Maryland Graduate School

    Laura Scarantino, MSF, CPA
    Assistant Vice President, Special Projects Accounting and Compliance
    University of Maryland, Baltimore

    Valerie Sikora, MSF
    Assistant Dean, Administration & Finance
    University of Maryland School of Dentistry

    Legal Advisors

    Susan Gillette, JD
    Vice President and General Counsel
    Office of University Counsel
    University of Maryland, Baltimore

    Arthur (Skip) Rose, JD
    University Counsel
    Office of University Counsel
    University of Maryland, Baltimore