Vice Chancellor for Budget and Finance
Matthew Sapienza is the Vice Chancellor for Budget and Finance at the City University of New York (CUNY), where he serves as the chief financial officer and is responsible for overseeing and managing the finances and business relationships of CUNY’s 24 colleges and professional schools and of the University’s Central Administration.
In his current role, Mr. Sapienza has responsibility for the overall management of $3 billion in city and state tax-levy operating funds, including more than $1.0 billion in tuition revenues. He directly supervises the University Budget Office, the Office of the University Controller, including accounting and financial reporting, treasury and cash management, investments and procurement and the Office of Internal Audit and Management Services.
Mr. Sapienza has had a distinguished career of public service in senior level budget and finance administration spanning a period of more than 25 years. He was appointed Vice Chancellor in January 2014 after serving in two other key finance positions at CUNY: Associate Vice Chancellor of Budget and Finance (from 2009 to 2013) and University Budget Director (from 2004 to 2009). Prior to this, he served over 11 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 has earned national recognition. The CUNY Compact calls for a financial partnership among philanthropists, students, alumni, the state, the city and the University. He also played a key role in the University’s Student Financial Assistance Initiative, which assists students who are at risk of interrupting their matriculation in the University due to financial pressures. The initiative combines direct financial assistance with information on sources of financial aid and scholarships, and career counseling.
Before becoming University Budget Director, Mr. Sapienza worked at the New York City Department of Education (DOE). During his last four years at DOE he was Deputy Budget Director. In this capacity, he 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.