Financial Operations provides financial data and forecasts for decision-making and budget purposes in The University of Alabama System Office and processes all General Ledger, Accounts Payable, Accounts Receivable and Fixed Assets accounts while adhering to System policies, applicable state laws and sound business practices. In addition, Financial Operations processes timely and accurate payroll disbursements and recordkeeping for System Office employees while complying with applicable Federal and state wage and tax regulations. Our office prepares all budgets and financial reporting statements for the System Office. Several multi-campus initiatives are also coordinated by Financial Operations, including the Cooperative Purchasing Program, which has resulted in nearly $40 million in savings to date since 2013. Another multi-campus initiative we coordinate is the annual Tax Law review where representatives from UA System Affiliated Entities gather to learn about changes in the law and other regulations affecting their specific entity.