Financial Accountability

How Stockton Is Accountable

At Stockton University, we are accountable both academically and financially. The University has an annual financial audit performed by an independent audit firm, which reviews the University financial statements. The Board of Trustees recognizes the need to adopt Sarbanes-Oxley recommendations to ensure financial responsibility and, in doing so, formed an audit committee. Stockton will continue to adapt policies—or best practices—to strengthen internal controls. One example of best corporate practice is the establishment of  internal procedures for purchasing and professional-service contracting to ensure Stockton’s compliance with state statutory requirements.

Stockton University presents annual internal Program Reviews to help assess academic programs, staffing, budgeting, goals and accomplishments. Strengths, weaknesses, opportunities and threats for each of the College’s divisions are reviewed and reported (Academic Affairs, Student Affairs, Institutional Advancement, andAdministration and Finance) to the President, Board of Trustees, faculty, staff and students.

Stockton has policies and financial reports that illustrate how the University wisely manages the public’s money. The following links provide examples of how this information is recorded and maintained.

Stockton University is subject to review by outside agencies, such as Moody's and Fitch. Stockton is also reviewed every ten years by the Middle States Commission on Higher Education, a unit of the Middle States Association of Colleges and Schools, which accredits degree-granting colleges and universities in the Middle States region.  Additionally, a five-year Periodic Review Report is provided.

At Stockton University, we are accountable.