Finance and Administration

Located in Science Hall 148, Administrative Accounting and Finance is responsible for monitoring, recording, and reporting on Augsburg’s financial resources.  Our team manages and reports on all college accounting and Treasury functions, restricted and designated fund and grant tracking, and coordinates fiscal budgeting and planning processes.

ROLE/FUNCTION/PURPOSE

  • Operational accounting
  • External financial reporting
  • Debt and cash management
  • Planning and budgeting development and analysis
  • Financial and operational analysis
  • Grant accounting and agency reporting
  • Capital project reporting
  • Development and oversight of related policies and procedures

MANAGEMENT

  • Staney Rostad (Interim VP of Finance & Administration, CFO)
  • Rick Benish (Interim Controller) - Directs the planning, budgeting, and accounting operations of the college. This includes recording financial transactions in compliance with GAAP, developing, analyzing, and communicating periodic financial information, and developing standard policies and procedures that support internal controls and risk management.

ADMINISTRATIVE ACCOUNTING

  • Matthew Ksepka (Assistant Controller) – Responsible for managing accounting transaction and payroll processing to ensure data integrity and accuracy. Oversee the month-end and annual financial reporting process including account analysis and reconciliation. Assist the Controller in producing accurate and timely financial statements. Assist in special projects as necessary.
  • Amy Daugherty (Accounts Payable Specialist) – Responsible for processing all non-payroll related payments including vendor invoices, independent contractor/guest speaker payments, and reimbursements to individuals for costs incurred as part of College business. Other duties include vendor master file and approval process, auditing payments for accurate coding and valid authorization levels, and cash deposit preparation.
  • Tiffany Simonsen (Temporary Accountant) - Responsible for month-end close procedures including balance sheet and income statement supporting schedules and analysis. Performs weekly and monthly bank reconciliations. Prepares sales tax payments to the State of Minnesota and reviews payroll tax payments. Other responsibilities include Payroll back-up and preparation of cash and check deposits.

FINANCIAL REPORTING

  • Jeavonna Sutherland (Management Analyst) – Works closely with cost center managers and divisional leadership to gather and report accurate and timely information related to revenues, expenses, and capital spending results. Analyzes and reports on variances between actual performance and budget/outlook estimates. Reviews and distributes all monthly reports, drives and consolidates both the annual budget and the Outlook update processes. Manages external survey submissions.

FUND & GRANT MANAGEMENT

  • Nathan Engle (Senior Analyst and Fund Manager) - Manage the fund accounting recording and reporting process and ensure compliance to public and private requirements. Responsible for month-end close procedures including balance sheet and income statement supporting schedules and analysis. Assists in the preparation and completion of the financial statement audit and IRS Form 990. Works closely with international offices to ensure policy and procedure compliance. Develops contribution margin and performance analysis. Assigned to special projects as requested.
  • Carole Kampf (Senior Fund Accountant) – Responsible for the oversight of the College’s restricted and designated funds, including grants. Interprets and implements College policies, ensures compliance with rules and regulations of funding and regulatory agencies, monitors all activity on restricted and designated funds, prepares and submits financial reports and invoices, and provides departments with fiscal reports. Other responsibilities include cash receipts and disbursements as well as cash management reporting. Acts as primary financial liaison for Augsburg Student Government groups.

PAYROLL

  • Mark Cotton (Payroll Specialist) - Responsible for processing payroll for Augsburg College Employees which includes, but is not limited to: review and process of stipend payments, manual time sheets, payroll deduction requests, garnishments, Union dues, W-4 forms, direct deposits, payroll checks, W-2 forms, payroll reporting, and other projects as assigned.

PURCHASING

  • Sharon Johnson (Purchasing Specialist)Responsible for the Wells Fargo procurement card process and system including new card application processing, training, and monthly reporting. Also, manages the purchase order process, working with internal requests for purchases and issuing purchase orders to approved vendors. Purchase requisitions are manual as well as online through Agresso.