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About Financial Affairs

The financial management of the University of Alabama at Birmingham is the focal point of UAB Financial Affairs. Financial Affairs manages financial operations by:

  • Communicating financial policies and procedures
  • Receiving and depositing University funds
  • Overseeing the University’s payroll
  • Ensuring settlement of University payments and commitments
  • Maintaining budgeting, accounting, and financial reporting systems
  • Ensuring compliance with State/Federal financial regulations and tax laws
  • Preserving University assets and reporting
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The State of Alabama Bid Law requires that all purchases and/or contracts for labor, services, materials, equipment, and supplies for such amounts as set by the State of Alabama, shall, except as otherwise provided in the law, be let by free and open competitive bidding, on sealed bids, to the lowest responsible bidder. Competitive, sealed bids shall be requested by University Purchasing. UAB is authorized to use all State of Alabama contracts when they are advantageous to the University.

Purchase commitments cannot extend beyond five years; however, a purchase commitment, a lease contract or maintenance agreement that exceeds one year will require that UAB retain the option to cancel at the end of each fiscal year.

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