Financial Services for Facilities Management

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

1010 Sherbrooke Street West
Montreal, Quebec H3A 2R7
514-398-4312

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
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