Senior Vice Chancellor and Chief Financial Officer
Matthew Sapienza is the Senior Vice Chancellor and Chief Financial Officer at The City University of New York (CUNY), where he is responsible for overseeing and managing the finances and business relationships of CUNY’s 25 colleges and professional schools and for the University’s central administration.
In his current role, Mr. Sapienza has responsibility for the overall management of $3 billion in state and city tax-levy operating funds, and more than $1 billion in tuition revenues.
He directly supervises the University Budget Office, the Office of the University Controller, the Office of Treasury Services and the Office of University Strategic Sourcing. These offices engage in financial activities related to budget management, accounting, financial reporting, treasury and cash management, endowment management, procurement, accounts payable, financial aid disbursements, and shared services for financial operations. Mr. Sapienza’s career spans a period of over 25 years of distinguished public service in senior level budget and finance administration. He was appointed Senior Vice Chancellor in September 2016 after serving in three other key finance positions at CUNY: Vice Chancellor of Budget and Finance (from 2014 to 2016), Associate Vice Chancellor of Budget and Finance (from 2009 to 2013) and University Budget Director (from 2004 to 2009).
At CUNY, 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 operational efficiencies and strengthened the fiscal integrity of the University. These accomplishments include achieving reductions in administrative spending and energy costs, significantly improving Minority and Women-owned Business Enterprise (MWBE) participation throughout the University, obtaining unmodified opinions on the University’s financial statements, and implementing shared services models in purchasing and accounts payable for multiple campuses.
Before becoming University Budget Director, Mr. Sapienza served over 11 years 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 DOE in high-level dealings involving fiscal oversight at the city, state and federal levels. Prior to this, he worked for five years as a Senior Budget Analyst for the New York City Fire Department.
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.