7.1 AUTHORITY, RESPONSIBILITIES, AND DUTIES

The Chief Financial Officer (CFO) has custody of all the funds and securities of the University of Georgia Foundation. The CFO is responsible for:

• The installation and administrative direction of all accounting records and procedures and the preparation of all external and internal financial reports related to the University of Georgia Foundation
• Giving, in the name of the Foundation, receipts of all funds and securities received by the University of Georgia Foundation from any source
• The examination of all claims and demands against the Foundation and for ensuring the availability of funds allocated for such payments
• The review and preparation of appropriate trust documents in conjunction with prospective donors.

The CFO will assist the Executive Director of the University of Georgia Foundation in fulfilling his/her responsibilities to the Foundation’s Executive Committee and Board.

The CFO will assist the Chair of the Foundation’s Finance Committee and Treasurer in carrying out the wishes of the Board of the University of Georgia Foundation.

The CFO will assist the Foundation’s Treasurer and Executive Director in the administrative development, preparation, maintenance, and fiscal control of University of Georgia Foundation budgets.

Last Updated on June 24, 2019