Accounting, Audit and Compliance

The Accounting, Audit and Compliance Office of the Department of Finance and Business Services is the custodian of accounts for College entities whose funding is not allocated through NYS Budget appropriations. These entities are identified as non-tax levy funding sources. The unit manages the College Depository, the Auxiliary Services Corporation, and the John Jay College Foundation, and provides audit oversight for the Student Activities Association and the Children’s Center of John Jay College. The unit is responsible for preparation of financial statements and reporting related entities’ activities to the University through CUNYfirst. The unit acts as the liaison with external federal and state agencies, independent audit firms, and the University to ensure compliance with certain standards for accounting, audit and internal controls, annual and periodic reviews, and policies and procedures promulgated by these agencies and/ or the University. Below are comparative financial statements for the College’s related entities and the University’s consolidated financial statements for the period ended June 30, 2015.