Financial Services is responsible for providing a wide variety of essential financial services throughout the organization, to students, faculty, staff and external stakeholders.
Programs & Services
- Financial Reporting: Annual audited financial statements; government reporting, board reporting, internal operational and ad hoc financial reporting.
- Budgeting: co-ordination of budget development and variance monitoring and reporting.
- Payroll: co-ordination and processing of bi-weekly payroll cycle, issuance of records of employment, T4’s and other government reporting.
- Accounts Receivable: co-ordination of invoicing and payment collection for all student/customer accounts.
- Accounts Payable: co-ordination of payment for supplies, services, capital and expenses payable to employees and vendors.
- Accounting Activities: co-ordination of deposit and cash audits; bank and account reconciliations, auditing and processing journal entries and providing financial guidance and training within the College.
If you are a student and are looking for help with your tuition and fees, please contact the registrar.
Payroll documentation
Some useful links to forms are below, please feel free to reach out to timesheets@okanagan.bc.ca for assistance.
- Bank Information Form (for direct deposit information)
- Assignment of Wages Form (if applicable) for the appropriate staff group
Lost or stolen cheque?
Some cheques may get lost, destroyed or stolen. This procedure will provide a method of putting a stop payment on the old cheque and reissuing a replacement cheque.
Procedure
- Individuals and corporations may contact Financial Services for a replacement cheque.
- Students, please contact AccountsReceivable@okanagan.bc.ca.
- All others please contact AccountsPayable@okanagan.bc.ca.
- Financial Services will re-issue a cheque after a reasonable time has passed following the original date of the cheque (preferably 30 days).
- Payee should complete and Indemnity Agreement Form. If the missing cheque is subsequently found, it should be returned to Financial Services.
- Financial Services will put a stop payment on the original cheque and will initiate a replacement cheque.
Guidelines for honoraria usage
¹û½´ÊÓƵ is currently developing an updated Guideline for Honoraria, for any enquiries, please contact AccountsPayable@okanagan.bc.ca.
Financial Statements
- 2023/2024 Financial Statements
- 2022/2023 Financial Statements
- 2021/2022 Financial Statements
- 2020/2021 Financial Statements
- 2019/2020 Financial Statements
- 2018/2019 Financial Statements
- 2017/2018 Financial Statements
- 2016/2017 Financial Statements
- 2015/2016 Financial Statements
- 2014/2015 Financial Statements
- 2013/2014 Financial Statements
- 2012/2013 Financial Statements
- 2011/2012 Financial Statements
- 2010/2011 Financial Statements
- 2009/2010 Financial Statements
- 2008/2009 Financial Statements
- 2007/2008 Financial Statements
- 2006/2007 ¹û½´ÊÓƵ Financial Statements
- 2006/2007 OUC Financial Statements
¹û½´ÊÓƵ prepares financial statements annually according to the guidelines of the Generally Accepted Accounting Principles (GAAP).
Statement of Financial Information
Contact Financial Services
Director
Associate Directors
Managers
Shelley manages Accounts Receivable and Accounting processes within Financial Services.
Darold manages Accounts Payable and Payroll processes within Financial Services.
Karen manages Purchasing and Procurement processes within Financial Services.
Business Partners
The business partner(s) provide financial support to the College community related to budgeting, variance analysis and forecasting.
Accounting
General email: ocfinance@okanagan.bc.ca
Accounts Payable
General email: accountspayable@okanagan.bc.ca
Accounts Receivable
General email: accountsreceivable@okanagan.bc.ca
Payroll
You can view the Timesheet Deadlines here. They are also available in under Useful Links > Finance Resources > Payroll.
General emails:
timesheets@okanagan.bc.ca
payroll@okanagan.bc.ca
Purchasing
General email: purchasing@okanagan.bc.ca