Latest Financial & Business Services News

Property Insurance Deductible Now $2,500

The University of Utah is required by statute to participate in a risk pooling arrangement administered by the Utah State Division of Risk Management (DRM). Effective July 1, 2020, DRM changed the U’s property insurance deductible from $1,000 to $2,500 per … Continue reading

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EOR Review Requirement Change

The goal/threshold for Evidence of Review (EOR) has been increased from 80% to 90% completion. The volatility of these times may add a level of vulnerability to your activity and project funds. Please take extra care in monitoring these transactions. … Continue reading

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View Paycheck & Check/Advice Roster

The Payroll Processing for the July 7th, 2020 paycheck is completed, and the paycheck information is available on Campus Information Services. Signon to the CIS. In the employee section, Click the Payroll, Taxes and Salary link. Click View Paycheck and … Continue reading

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PPE and Sanitation Supplies for Departmental Use – Campus Departments and Campus Clinics

Purchasing, along with General Stores and Receiving, have been partnering to source scarce PPE and sanitizer items for departmental purchase.  Currently stocked are: Hand Sanitizer – sizes 4 oz to 1 gal Disinfecting wipes and sprays Procedure masks Face covering, reusable … Continue reading

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Fiscal Year-End Closing Information and Dates

All individuals responsible for Management Reports should carefully review their statements between now and the first part of July to identify any corrections or adjustments, which should be reflected in the statement for the month of June. Suggested items to … Continue reading

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Changes to eJournal (eJE) and Management Reports for new BU 06

Beginning Fiscal Year 2021, the University of Utah “Utah Health Plans” will begin to book transactions with data in 3 new ChartFields. “Product,” “Group,” and “Place” will provide more granular data to ease complex analysis of this growing business segment … Continue reading

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PPE and Sanitization Supplies

Purchasing, along with General Stores and Receiving, have been partnering to source procedure masks, face-covering style masks, nitrile gloves, wipes, touchless thermometers, hand sanitizer as well as other pandemic related supplies. We anticipate that many of these items will continue to be in … Continue reading

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COVID-19 Procedures for Income Accounting & Student Loan Services

While there are several employees working from home, Income Accounting and Student Loan Services has a skeletal group working on campus to process departmental deposits and prepare bank deposits, make change orders, prepare refunds, and assist students or staff.  Departmental … Continue reading

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Delivery of University Purchased Property to an Employee’s Home Address

Due to the COVID-19 pandemic, building closures, and resulting telecommuting for many University employees, a temporary exception has been made to the policy restriction for delivery of University orders to a non-University address. Orders delivered to an employee’s home or … Continue reading

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COVID-19: How FBS is Helping Campus Continue Business

Financial and Business Services has been working hard to accommodate the business needs of our campus users during this time of Stay at Home orders and in consideration of Social Distancing. Below, by department, you can read of these temporary … Continue reading

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