Office of the Treasurer

The Offices of the Treasurer provide financial management and resource development necessary to support the mission of St. Olaf College. These offices are located on the main floor of the Administration Building. 

Accounts Payable
507-786-3406 or 507-786-3792

The purpose of the Accounts Payable office is to ensure that departmental funds are disbursed and recorded in accordance with generally accepted accounting principles. The primary responsibility is for payments to the vendors of St. Olaf College, and reimbursing employees for expenses incurred during travel. The goal of this office is to conduct these interactions in a friendly, courteous and professional manner while maintaining College policies and state laws.

Business Office
507-786-3539 or 507-786-3174

The Business Office is responsible for wire transfers, monitoring cash flow, processing entries to the general ledger, reconciling College bank accounts, and receiving payments on student accounts. The Business Office Window provides friendly and efficient services to faculty, staff, and students for cashing checks, paying bills, and depositing funds to College units. 

Finance Office
507-786-3016

The Finance Office acts as liaison between the College and banking companies, auditors, and financial brokers as it undertakes such responsibilities as financing, accounting and gift processing. The Vice President and Treasurer oversee the research, planning, and implementation of the operating and capital budget. He negotiates long and short-term borrowing; and in conjunction with the Controller, coordinates the publication and distribution of the College's annual financial statements, IRS forms and other legal documents.

Payroll Office
507-786-3299

The Payroll Office is responsible for timely and accurate processing of the College's bi-weekly and monthly payrolls, monitoring and reporting payroll taxes and other deductions, assuring compliance with IRS regulations, and issuing annual Wage & Tax Statements. Services provided include direct deposit of pay, additional Federal or State withholding, employment verification. 

Purchasing and Risk Management
507-786-3016

The Purchasing and Risk Management office provides the college with purchase orders for the procurement of equipment, supplies, and services. This office is also responsible for coordinating and reviewing insurance, contracts, and other financial obligations pertaining to the operation and maintenance of fleet vehicles, student health insurance, vending machines, and convenience copiers. 

Student Accounts
507-786-3296 (current students)
507-786-3298 (former students)

The Student Accounts Office provides service in the collection of fees and revenues due to the College for payment on Student accounts. This office sends payment statements to students and parents, and works closely with the Financial Aid office to have student accounts as up to date as possible.

Travel Program
507-786-3016
Employees utilizing college funds for travel, including grant-funded travel, are expected to endeavor to find low cost arrangements while maintaining a reasonable balance between cost and personal convenience. Please read the College Travel Policy for details.