LSU Finance and Administrative Services: Powering University Operations

LSU's Finance and Administrative Services (FAS) serves as the backbone of the university, ensuring the smooth operation of essential financial and administrative functions. This division encompasses a wide array of departments dedicated to managing resources, supporting infrastructure, and upholding compliance. Its overall mission is to provide efficient, effective, and transparent services that enable LSU to achieve its academic, research, and outreach goals.

The core financial functions reside within FAS, covering areas such as accounting, treasury, and financial planning. The accounting department manages the university's general ledger, processes payments, and prepares financial reports. The treasury department oversees cash management, investments, and debt financing. Financial planning is responsible for developing and monitoring the university's budget, allocating resources strategically, and conducting financial analysis to support decision-making. These intertwined functions ensure LSU's financial stability and accountability.

Beyond core financials, FAS is responsible for crucial administrative services that impact the entire university community. Procurement Services manages the acquisition of goods and services, striving to obtain the best value for LSU while adhering to procurement regulations. Facilities Services oversees the maintenance and operation of LSU's physical infrastructure, including buildings, grounds, and utilities. This includes managing construction projects, energy conservation initiatives, and ensuring a safe and comfortable environment for students, faculty, and staff.

Human Resource Management is a critical component of FAS, responsible for recruiting, hiring, training, and supporting LSU's workforce. This department handles payroll, benefits administration, and employee relations, ensuring compliance with employment laws and fostering a positive work environment. Information Technology Services (ITS) provides the technology infrastructure and support necessary for LSU's academic and administrative operations. ITS manages network infrastructure, email services, and supports various software applications used across the university.

Risk Management and Compliance are also key components of FAS. This department identifies and mitigates risks to the university, ensuring compliance with federal, state, and university regulations. This includes managing insurance programs, overseeing environmental health and safety, and promoting ethical conduct across the institution. The importance of data privacy and security also falls under this area, especially given the evolving technological landscape.

In summary, LSU's Finance and Administrative Services is a comprehensive division that provides essential support to the university's academic and research mission. By efficiently managing finances, providing reliable infrastructure, and supporting the workforce, FAS plays a vital role in enabling LSU to thrive as a leading institution of higher education.