Annually, the University of Colorado is required to report to the State of Colorado, and to our independent auditors, to certify the accuracy and completeness of our financial statements and the effectiveness and sufficiency of our internal control structure.
Because of our size and decentralized structure, it is necessary to survey certain populations across the university to validate our fiscal practices and procedures. The mandatory fiscal certification and assessment process is designed to gather that information. Each year, employees from your campus and from system administration will work to identify a representative population to provide that valuable input.
If you have been identified as part of this mandatory population, you are required to complete either the fiscal assessment or the fiscal certification by the due date established by your officer at the beginning of the process.
Training & Information
The CU Fiscal Certification is a Two-step Process:
1. Fiscal Assessment
The Fiscal Assessment is assigned to individuals who have significant fiscal roles and responsibilities. Generally, these individuals have direct oversight of fiscal activities for their respective programs, projects, or work areas (e.g., chairs, directors, department administrators, or principal investigators). Completion of the Fiscal Assessment is required for the assigned population. A voluntary version of this assessment is also available to all employees regardless of their position or level of fiscal responsibility.
2. Fiscal Certification
The Fiscal Certification is a separate statement assigned to officers or individuals with equivalent responsibility. It is a high-level overview of the university’s fiscal practices and must be completed annually by all officers of the university.
Voluntary Fiscal Assessment
Other university personnel who are not required to complete an assessment can complete a voluntary fiscal assessment. Comments submitted via the voluntary fiscal assessment are sent directly to the University Controller and will remain anonymous if that option is selected.