Monthly Archives: May 2011

Endowment Projections for Q3 FY 2011

Posted May 24, 2011 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value for March 31, 2011, is $203.57 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FS News. All other factors in the instructions … Continue reading →

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Budget Approval

Posted May 20, 2011 in Financial Services and tagged .

The Budgets that were presented to either the President or the Senior Vice President of Academic Affairs have been approved by the President. (This does not pertain to either the Hospital and Clinics or the School of Medicine.) Please contact the … Continue reading →

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New Fee Structure approved for Travel Services

Posted May 20, 2011 in Financial Services, Travel.

Effective July 1, 2011, Travel Services has been authorized to implement a new service fee structure. This new structure supports growing volume for both Travel Accounting and the On-Site agency as well as provides a more equitable distribution of charges … Continue reading →

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Payroll Encumbrance Issue

Posted May 19, 2011 in Payroll and tagged .

An issue with the Payroll Encumbrances on the WEB Management Reports has been discovered. Except for the Employee Benefits (Account 59000), ALL Payroll Encumbrances show as zero. This issue will be corrected by no later than next Monday, May 23, 2011. We apologize … Continue reading →

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Change to Application of University’s Lodging Sales Tax Exemption

Posted May 18, 2011 in Tax Services and tagged .

Currently, when the University pays for Utah lodging using direct payment, it can use its sales tax exemption certificate at the point of sale and the lodging provider does not charge sales tax. Beginning July 1st, 2011, based on new … Continue reading →

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Training for New e-Journal Preparers

Posted May 6, 2011 in Financial Reporting and Accounting, Grants and Contracts Accounting and tagged , .

Training classes for new e-Journal preparers have been discontinued. However, it is anticipated that a new training method will be announced to the campus the first week of June. Look for the announcement on FS News on or shortly after June 2nd. … Continue reading →

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