The Board of Trustees of The City University of New York today unanimously approved the appointment of Matthew Sapienza as Senior Vice Chancellor and Chief Financial Officer, as recommended by Chancellor James B. Milliken.
Mr. Sapienza, who had previously served as Vice Chancellor for Budget and Finance, is the University’s chief financial officer, responsible for overseeing and managing the finances and business relationships of the 25 campuses of The City University of New York.
Chancellor Milliken said: “Matt Sapienza has had a distinguished career of public service in senior level budget and finance administration spanning a period of more than 25 years. At CUNY he is responsible for the overall management of $3 billion in state and city tax-levy operating funds, including more than $1 billion in tuition revenue. He is an accomplished financial leader, overseeing the University’s Budget Office, and the Office of the University Controller. His appointment is emblematic of the focus of the strategic planning process aimed at directing resources more effectively toward the University’s core mission of providing high-quality educational offerings and services.”
Prior to his appointment as Vice Chancellor in January 2014, Mr. Sapienza served as Associate Vice Chancellor of Budget and Finance (2009 to 2013) and University Budget Director (2004 to 2009). Before joining CUNY, he served more than eleven years at the New York City Department of Education, including Deputy Budget Director for the public school system, and five years as a Senior Budget Analyst for The New York City Fire Department.
At The City University of New York, Mr. Sapienza was instrumental in the development and implementation of the CUNY Compact, an innovative financing strategy that earned national recognition. Under his leadership, the Office of Budget and Finance has continually generated efficiencies and strengthened the fiscal integrity of the University. These accomplishments include achieving reductions in administrative spending and energy cost; significantly improving Minority and Women-owned Business Enterprise (MWBE) participation throughout the University, obtaining clean opinions on the University’s financial statements and establishing shared services models in purchasing and accounts payable for multiple campuses.
In his role as Deputy Budget Director for the New York City public schools, Mr. Sapienza provided leadership to line managers and also was responsible for maintenance, oversight and reporting of the school system’s $12 billion budget. Mr. Sapienza also served as a policy-level resource to executive management on key financial issues and represented the agency in high-level dealings with all fiscal oversights at the city, state and federal levels.
Mr. Sapienza holds a BBA in finance from Pace University’s Lubin School of Business, and an MBA in finance from St. John’s University.
The City University of New York is the nation’s leading urban public university. Founded in New York City in 1847, the University comprises 25 institutions: 11 senior colleges, seven community colleges, the William E. Macaulay Honors College at CUNY, the CUNY School of Medicine, the CUNY Graduate School and University Center, the CUNY Graduate School of Journalism, the CUNY School of Law, the CUNY School of Professional Studies and the CUNY School of Public Health and Health Policy. The University serves more than 274,350 degree-seeking students and 260,000 adult and continuing education students. College Now, the University’s academic enrichment program, is offered at CUNY campuses and more than 300 high schools throughout the five boroughs of New York City. The University offers online baccalaureate and master’s degrees through the School of Professional Studies.