UCLA DA 511.04: Administration of UCLA Bank Accounts and Funds
Date:
June 24, 2010
PDF of DelegationPrint
From: Chancellor Gene D. Block
To: Administrative Vice Chancellor Sam J. Morabito
Associate Vice Chancellor/Controller, Corporate Financial Services Susan K. Abeles
Director, Corporate Accounting Craig Squire
References:
  1. UC DA 2130 (Revolving Fund Withdrawals) to Chancellors, dated June 3, 2002 [this delegation was superseded by UC DA 2584 on 7/8/2014];
  2. UC DA 2221 (Approval and Execution of Financial and Banking Services) to EVP & CFO, revised 5/8/2014.
  3. Standing Order of The Regents 100.4(pp);
Supersedes: UCLA DA 511.03 (Administration of UCLA Bank Accounts and Funds) to Assistant Vice Chancellor and Controller Abeles, dated 11/9/2007.
Effective as of the date above, I hereby delegate to you, the Administrative Vice Chancellor, and to you, the Associate Vice Chancellor/Controller, the authority to recommend representatives to the Office of the President who may sign checks, drafts or other orders for the payment of money, or initiate electronic transfers of funds against University checking accounts, provided that all such representatives are covered by fidelity bond. This authority is derived from the Standing Orders of The Regents, Reference (c), above.

The President has redelegated authority for the approval and execution of financial and banking services to the Executive Vice President and CFO, who in turn has redelegated authority to the Vice President, Finance and who in turn has redelegated authority to the Assistant Vice President, Controls & Accountability. These delegations facilitate the change in banking responsibilities from The Regents to the Office of the President. Pursuant to this authority, you continue to have the following specific authority:

  1. To recommend to the Assistant Vice President – Controls and Accountability the opening or closing of University bank accounts pertinent to UCLA;

  2. To recommend to the Assistant Vice President - Controls and Accountability the selection, addition, or deletion of bank account signatories pertinent to UCLA bank accounts;

  3. To recommend to the Assistant Vice President - Controls and Accountability the granting of UCLA employees’ access to bank systems to initiate electronic funds transfers (Fedwires and ACH) pertinent to UCLA; and

  4. To undertake such additional duties as may be defined in writing by the Assistant Vice President - Controls and Accountability from time to time.
All recommendations cited above must be forwarded to the Assistant Vice President - Controls and Accountability for further action.

I further delegate to you, the Director, Corporate Accounting, the authority, as described above, in the absence of both the Associate Vice Chancellor/Controller and the Administrative Vice Chancellor.

This delegation is being reissued due to an organization change; to enable interim authority in the absence of the Associate Vice Chancellor/Controller; and there are no substantive changes to the delegation being superseded. This authority may not be further redelegated.

cc: Executive Vice President & CFO
Vice President, Finance
Assistant Vice President, Controls and Accountability
General Counsel & Vice President, Legal Affairs
Universitywide Policy Coordinator
Executive Vice Chancellor & Provost
Vice Chancellor, Finance, Budget & Capital Programs
Manager, Administrative Policies & Delegations