Reporting to the president and working in close partnership with other members of the senior leadership team, the vice president for finance and administration is the senior executive officer for Ithaca College’s financial resources and core business operations. The VPFA plays a key role in the management and operation of the institution and serves as the fiduciary face to both the board and the institution.
The next VPFA of Ithaca College will serve as an essential strategic partner to the president, working collaboratively with her, the board of trustees, the senior leadership team, faculty, staff and student leaders to assure a successful and stable financial future for the college. The VPFA supports and staffs the board of trustees’ Audit, Finance and Investment and Building and Grounds committees and has primary responsibility for the development and implementation of the college’s annual operating budget of approximately $340 million along with an endowment of close to $388 million. Ithaca College has been strategic and disciplined in building a strong financial foundation. The institution holds a bond rating of A2 and is supported on its balance sheet by a solid endowment and a forward thinking cash and debt strategy that will allow for financial alignment with the Ithaca Forever strategic plan.
The VPFA provides leadership for, and has managerial oversight of, business and finance, facilities, and auxiliary services. This includes general oversight of our distinctive dining model. After over 40 years of contracted dining services, Ithaca College made the decision to bring dining “in-house” to provide better service to our students and to create closer partnerships with the Ithaca community. Ithaca College announced the dining decision in March of 2019 and opened self-operations in June through August of 2019. This extremely aggressive timeline was accomplished through partnerships across the Finance and Administration Division as the entire dining operation needed to be recreated, including multiple new software systems, extensive capital renovations, all new meal plans, and new broadline and local/regional purchasing partnerships (among others).
The VPFA is expected to be innovative and entrepreneurial in the pursuit and development of strategies that fully optimize resources and further the college’s overall academic, administrative, and strategic initiatives. The new VPFA will also serve as a close partner to the president and the senior leadership team in the on-going implementation of Ithaca Forever, ensuring a stable financial framework for all elements of the strategic plan.
The VPFA provides support to the following committees of the board: Audit, Finance and Investment, and Building and Grounds. Together with the provost, the VPFA co-chairs the college’s institutional effectiveness and budget committee. The VPFA assures that the financial and services infrastructure of the institution is appropriate to its goals; employs an understanding of systems and the technology tools available to facilitate institutional effectiveness; focuses appropriately on the ever-increasing need to proactively improve the financial control environment; and provides clear communication that enables the entire college to function optimally.
As an integral member of the college’s senior leadership team, the VPFA provides leadership and managerial oversight for 300 staff members and the following direct reports:
- Associate Vice President for Business and Finance
- Associate Vice President for Facilities
- Executive Director of Auxiliary Services