Tuesday, July 24, 2018

As I mentioned in yesterday’s commentary, FY18 was a very busy year for Finance. The annual financial audit was successfully completed in late October 2017 thanks to the leadership of Olivine Pilling, Comptroller. A new payroll system was implemented under the leadership of Terrell Whitaker, Finance and Accounting Manager. This new system allows employees to access all of their payroll related financial data on-line, no more paper checks or check stubs are being produced! We have also made tremendous improvement in our accounts receivable and payables processes thanks to the dedicated efforts of Veena Khanna, Accounts Receivable Associate and Karen Anderson, Accounts Payable Associate. We are exploring alternatives for more electronic payment of invoices and reimbursement requests that will yield more efficient and effective business processes in our effort to continuously improve operations.

I would like to take this opportunity to introduce Carolina Merino who is joining us for a 3-month assignment in Finance this summer. She will be supporting our financial audit efforts that kick-off the end of July. Please stop by Bohlen 204 to meet Carolina and welcome her to VTS.

For today:

“I said to the one who stood at the gate. ‘give me a light that I might go into the darkness and into the unknown’ He replied to me “Go out into the darkness. Go out into the unknown. But put your hand into the hands of God and God shall be for you better than life and safer than a known way.”

Jacqueline F. Ballou, MBA, CPA
Vice President for Finance and Operations
Chief Financial Officer

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