The end of the university's fiscal year on June 30 marks the culmination of comprehensive financial planning and execution. This significant task is a joint effort involving departments from across campus that ensure accurate financial reporting, resource allocation, and budget oversight. As the fiscal year ends, the university recognizes the contributions of its financial team members, whose dedication underpins Rice's continued success.
Throughout the summer, the Budget Office, led by Donna Gilberg, oversees the loading of all campus budgets into the iO system. They work closely with all academic and administrative units to ensure easy access to budget details. They also assist in resolving issues during this process, contributing to a smooth budget management experience. We recognize and appreciate the years of service Mia Culton has provided in this role and look forward to collaborating with her on this process in the coming years in her new role as Associate Provost for Academic Budgetary Affairs in the Office of the Provost.
Concurrently, the Controller's Office, headed by Brad Fralic, is instrumental in maintaining financial transparency and compliance. Working in tandem with the Budget Office, they manage financial reporting, audit preparation, and other related tasks. They work relentlessly to provide accurate and timely financial data, underpinning the university's commitment to financial integrity.
In addition to the support provided by central offices, the broader financial community at Rice plays an instrumental role in ensuring that the fiscal year closes as smoothly as possible. Budget managers and analysts, financial officers, administrative staff, and university leaders contribute to the collective success of year-end by adhering to deadlines, reviewing transactions for precise financial reporting, and engaging in budget oversight throughout the year.
The university deeply values and benefits from the commitment, expertise, and partnership of the Budget and Controller's Office and the entire financial staff across campus. These efforts enable the university to uphold financial stability, a balanced budget, solid bond ratings, and wise endowment use. Sincerest gratitude is extended to all involved in this herculean activity.