Treasury Operations

The Office of Treasury Operations serves the University of Illinois System and all its universities from our offices in Urbana, Illinois. Our team provides services that closely resemble that of a corporate treasury department. Our primary areas of responsibility include Agricultural Property Services, Capital Financing, Cash Management, i-card Programs, Investments, Merchant Card Services, Risk Management, and Tax.

Visit the Treasury website for more information.

Department Descriptions

Agricultural Property Services (APS)

APS acts in a farm management capacity for university-owned and -related farmland. APS serves as fiduciary for the endowed farms’ beneficiaries. The system has 53 farm properties in its care, of which 36 are endowments.

Capital Financing (CF)

Capital Financing issues debt to fund the construction of facilities for the universities in Chicago, Springfield, and Urbana-Champaign. These generally include Auxiliary, Health Services, and certain Academic and Utility Infrastructure facilities. Additionally, Capital Financing manages the System Offices Internal Lending program, providing a financing option for departments to construct or acquire facilities with a structured repayment schedule. Capital Financing administers the construction funds, debt service payments, compliance, and continuing disclosure after bonds are issued. Capital Financing maintains relationships with financial services vendors and strives to provide superior service to its customers.

Cash Management (CM) )

CM manages all of the system’s banking services, as well as daily cash flow and settlements every day banks are open. With CF, responsible for the System’s banking relationships.

i-card Programs Office (ICP)

ICP manages the UIUC and UIS ID Centers and provides products and services centered on electronic and physical identification and devices. ICP issues all University Identification Numbers and ID cards, provides card data and applications, and oversees the “one card” program for the entire, including UI Health.

Investments

Investments oversees and monitors the system’s operating and endowment pools. Recommends the asset allocation and distribution policies for each of the pools, striving to optimize the risk return profile. In collaboration with the system’s investment consultant, selects investment firms to invest the assets and performs ongoing due diligence on the firms.

Merchant Card Services (MCS)

MCS facilitates electronic payment processing units that accept credit and debit cards and administers the online system for issuing Amazon eGift cards. Provides operational support and training and oversees the required self-assessment process.

Risk Management (RM)

RM advises system leadership in determining whether to accept, transfer, or self-insure potential liabilities from risks such as bodily injury, property damage, employment practices, and adverse medical outcomes. Administers the self-insurance plan and coordinates the purchase of commercial insurance policies. Claims Management reports into RM and is responsible for administering the workers’ compensation self-insurance program, coordinating and controlling claim activities, and negotiating and settling non-litigated claims.

Tax

Tax manages and advises senior leadership on tax issues within and outside the US. Ensures compliance with laws and regulations. Leads and coordinates correspondence re: tax/audit inquiries. Protects the systems’ exemptions, minimizes potential tax exposure and liabilities, monitors legislation, and provides consultation resulting in the system’s best interest.