Financial Services for Facilities Management

luana.sorella [at] mcgill.ca (Luana Sorella)
Director
514-398-2261

Unit Responsibilities

This office oversees the administration of all the University's capital project funds:

• Administers, approves and reports for all the University's capital expenditures. Capital Equipment allocations as well as Building Construction and Renovation are under this jurisdiction.
• Ensures capital expenditures are booked as assets and are depreciated each year-end.
• When the University decides to finance capital projects from internal sources, Project Accounting prepares amortization schedules and reconciliations for the internal advances.
• Ensures that principal repayments and interest charges are correctly applied.

Other responsibilities include:

• Assigning FOAPAL strings to new capital grants/contracts or facilities operations
• Setting up awarded budgets (spending power)
• Financial Reporting
• Billings and Accounts Payable
• Monitoring Over-expenditures