|UCLA DA 511.05: Administration of UCLA Bank Accounts and Funds|
August 01, 2015
|From:||Chancellor Gene D. Block|
|To:||Vice Chancellor and Chief Financial Officer Steven A. Olsen
Associate Vice Chancellor/Controller Allison Baird-James
|Supersedes:||UCLA DA 511.04 (Administration of UCLA Bank Accounts and Funds) to Administrative Vice Chancellor et al., dated 6/24/2010.|
The President has redelegated authority for the approval and execution of financial and banking services to the Executive Vice President, 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:
- To recommend to the Assistant Vice President – Controls and Accountability the opening or closing of University bank accounts pertinent to UCLA;
- To recommend to the Assistant Vice President - Controls and Accountability the selection, addition, or deletion of bank account signatories pertinent to UCLA bank accounts;
- 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
- To undertake such additional duties as may be defined in writing by the Assistant Vice President - Controls and Accountability from time to time.
This delegation is being reissued due to an organization change and there are no substantive changes to the delegation being superseded. This authority may not be further redelegated.
|cc:||Executive Vice Chancellor & Provost
Vice Chancellor, Legal Affairs
Manager, Administrative Policies & Delegations