Treasury Summary

The Office of the Treasurer regularly publishes a brief summary containing analysis of the University's current position across several metrics. More detailed analysis of these metrics are available in their respective sections, which are linked above. Upon the Board of Trustee's approval this document is entered into their quarterly report, which can be found in the BoT Reports section. You can find out more about us in the Team section and follow our announcements in the Notices section.

Download our Treasury Summary [PDF] or view it below:

Treasury Summary

Liquidity

The Office of the Treasurer monitors the University's liquidity position and ensures that sufficient funds are available for day-to-day operations. Our office also monitors how stressed markets would affect the University's liquidity position. That analysis is published in the Liquidity Stress Test, which can be found below. The stress test models the University's liquidity position in bottom decile bond rate/equity/portfolio performance.

Download our Liquidity Stress Test [PDF] or view it below:

Debt Administration

Issuer Ratings Project Series Maturity Balance O/S
Parking System Aa3/AA-/A+ Refunding PG 5 -Market Station 2019A 2039 15,615,000
Aa3/AA-/A+ Refunding1 2023A 2043 23,280,000
Housing System Aa3/ A+ Refunding2 2015A 2034 15,395,000
Aa3/A/A+ Tamiami Hall 2020A 2050 67,340,000
Aa3/A/A+ Refunding3 2021A 2041 34,505,000
Athletics Finance Corp Not Rated FIU Stadium 2009A 2032 16,200,600

Additional/Annual Disclosures Latest Rating Agency Actions
Component Key Metrics Debt Service Schedule Moodys S&P Fitch
University Demand Metrics University Debt Service Aa2
Mar. 2026

AA
Mar. 2026
Parking System Parking Metrics Parking Debt Service Aa3
Mar. 2026
AA-
Mar. 2026
AA-
Mar. 2026
Housing System Housing Metrics Housing Debt Service Aa3
Mar. 2026
A
Mar. 2026
A+
Mar. 2026

1Includes refunding of bonds that financed the construction of Blue, Panther and Red Garages.

2Includes refunding of bonds that financed the construction of University Park Apartments, Panther Hall, and Lakeview Hall

3Includes refunding of bonds that financed the construction of University Park Towers, Everglades Hall, and Parkview Hall.

Information as of 03/03/2026.

Investment Management

The Treasurer's Office oversees the investment of the University's cash and operating funds. The Treasurer is charged with investing and overseeing the University's short and long-term funds with a market value as of fiscal year ending June 30, 2025 of approximately $604.4 million, by maximizing total return consistent with reasonable protection of principal and in accordance with the Board of Trustees investments policies and philosophy. The portfolio is comprised of a series of externally managed equity, fixed income and alternative investments. The office's investment responsibilities include the management of the asset allocation of the University's investment portfolio; oversight of external investment managers; reconciliation services for all bank accounts and timely reporting and performance analysis for all portfolios, and providing the CFO, President, and Board of Trustee committees with the information they require to responsibly oversee investment activities.

Investment Policy (.PDF)
Investment Performance

Gerald Grant Jr, Chair

Gerald Grant JrGerald Grant Jr, two time "Branch Manager of the Year" for Great Western Bank, former Branch VP & Cluster Manager at Citibank, and Master of Business Administration from Florida International University, is Branch Director of Financial Planning for AXA Advisors' South Florida Branch. He also holds FINRA Series 7, 63, 65, 24, and 26 Securities Registrations and is insurance licensed. Grant now publishes financial advice through his book, 'Bold Moves to Creating Financial Wealth'. He actively participates in the South Florida community, serving on the Board of Directors for United Way of Miami-Dade. Gerald is a past-President of (NAIFA) National Association of Insurance and Financial Advisors, Miami-Dade Chapter, a past-President of the Florida International University Alumni Association, as well as a current Member of the Orange Bowl Committee, and Phi Beta Sigma Fraternity, Inc.-Theta Rho Sigma Chapter.

Joel R Barber, Ph.D.

Joel R Barber Dr. Barber is currently a professor for the Department of Finance. He has obtained a Ph.D. in Business Administration from the University of Arizona. His areas of expertise are Asset Allocation, Security Analysis, Bonds and the impact of changes in Interest Rates. Dr. Barber's research has been published in Financial Review, Journal of Fixed Income, Journal of Financial Research and Insurance: Mathematics and Economics , Journal of Portfolio Management, Journal of Economics and Finance, European Actuarial Journalism, and others.

David H. Snider, CFO

David Snider David H. Snider is the Senior Vice President and Chief Financial Officer for the Division of Finance and Administration. He is responsible for the management and administration of financial, facility, and business service operations of the University. Mr. Snider is a seasoned financial, legal, and academic executive with over 16 years of leadership experience in higher education and public finance. Prior to his appointment to this position, he was the Assistant Vice President of Financial Planning and Analysis at Florida International University (FIU) and served as a strategic partner to the CFO, guiding complex financial operations, capital planning, and institutional resource optimization across a $2B+ public research university. Mr. Snider led financial oversight for FIU’s Direct Support Organizations and played a pivotal role in the development of high-impact ventures such as the FIU Hotel, Conference Center, Alumni Center, and student and workforce housing. He is a trusted leader in managing Public-Private Partnerships (P3s), with transactional experience on projects valued up to $240 million. His expertise spans strategic modeling, budget systems design, debt analysis, and enterprise reporting using platforms like PeopleSoft, Oracle PBCS, Tableau, and Power BI. He also directed the Office of Auxiliary and Enterprise Development, overseeing business planning and revenue strategy for over 300 university operations. Under his leadership, the Central Reservation Office and the FIU operations of the Food Network South Beach Wine & Food Festival have grown into multimillion-dollar enterprises. In addition to his administrative role, Mr. Snider serves as an Instructor at FIU’s College of Business and Chaplin School of Hospitality and Tourism Management, teaching finance, law, and graduate-level hospitality courses. He also operates a private legal practice focused on real estate, contracts, and estate planning. Mr. Snider holds a JD from FIU College of Law, an MS in Finance from FIU’s Chapman Graduate School of Business, and a BSBA in Finance from the University of Florida. He is a member in good standing of the Florida Bar and an active contributor to the legal and academic communities through the Dade County and American Bar Associations.

Deanne Butchey, Ph.D., Vice-Chair

Deanne Butchey Dr Deanne Butchey is a Senior Lecturer in the Department of Finance at Florida International University (FIU) and holds a PhD in Finance. Before joining FIU, Dr. Butchey worked as an Investment Banker and Financial Services Stock Research Analyst at Credit Suisse First Boston in their Toronto offices. Dr. Butchey has contributed significantly to FIU's initiatives to engage the community in mutually beneficial ways. Since spring 2008, she has led a service learning project in her online Financial Markets and Institutions class where student groups teach financial literacy skills to high school students, recent immigrants and newcomers to South Florida and other disenfranchised residents through various community centers (including the Chapman Community Partnership for Homeless), high schools, libraries and religious organizations. For this project she has been honored with the 2013 "Spirit of Service-Learning Award" awarded by the Returned Peace Corps Volunteers of South Florida Inc. (RPCVSF), the Miami-Dade Teacher of the Year Coalition, and the Armando Alejandre Jr. Foundation. She is also a faculty advisor to ENACTUS @ FIU, a student organization that aims to facilitate the impactful collaborations of students and community partners by creating, commercializing, and enhancing innovative social entrepreneurship projects to stimulate economic advancement.

Benjamin Powell Jarrell

Benjamin Powell Jarrell Powell Jarrell joined Florida International University in 2009, he has more than 36 years of finance, banking, and treasury experience; 16 years of corporate finance and 20 years higher education finance experience. He is responsible for the management of the university's operating fund investment portfolio, liquidity assessments, and the outstanding debt issuances.






BOT Treasury Reports

Fiscal Year 2025-26 Fiscal Year 2024-25 Fiscal Year 2023-24

About Us

The Office of the Treasurer's mission is to grow the University's financial resources from both internal and external sources. We focus on applying best practices to liquidity monitoring, investment management and debt administration.

Benjamin Powell Jarrell, University Treasurer

Benjamin Powell Jarrell bjarrell@fiu.edu — 305-348-3579
Powell Jarrell joined Florida International University in 2009, he has more than 36 years of finance, banking, and treasury experience; 16 years of corporate finance and 20 years higher education finance experience. He is responsible for the management of the university's operating fund investment portfolio, liquidity assessments, and the outstanding debt issuances.

Kirk Staley, Treasury Analyst

Kirk Staley kstaley@fiu.edu — 305-348-7141
Kirk Staley joined Florida International University in 2013 as a Treasury Analyst. He is responsible for supporting the investment management functions for the department. Mr. Staley holds a BA in Finance from Florida International University. He has had more than 11 years of experience in finance.