The business office oversees disbursements, invoices, purchasing cards, and other Reed College accounting services.
Use of Institutional Funds
As a not-for-profit organization, the college is required to allocate resources in a prudent manner that best supports Reed’s mission. Faculty and staff are expected to exercise care and good judgment when procuring goods and services, and ensure the expenditure is necessary and reasonable to support the mission of the college. A cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person under the circumstance prevailing at the time the decision was made to incur the cost.
Funds Disbursement Authority (FDA)
Finance managers are those designated by a Reed vice president or dean to have authority over the budgets within their department. Finance managers have authority to both view and sign for expenses within those ORGNs designated by their leadership. This authority includes, but is not limited to, signing for the disbursement of funds via disbursement/reimbursement request forms, invoice payment request forms, or cash advances. Finance managers also have the authority to allow similar access to others based on the needs of their department.
The business office tracks those who have FDA for each ORGN.
Faculty Research Grant Services
Erica Nukaya, assistant controller of students and grants, provides post-award grant support for faculty and staff who receive outside funding. Upon receipt of an award letter and a copy of the proposal, Erica will set up an organization number and budget for your award (if applicable). Throughout the grant’s life, she can assist with payroll-related issues, the creation of financial reports, and anything else that may arise. For more information, contact her at 503-788-6616 or nukayae@reed.edu.