Author Archives: Carl Larson

Accounting Month Closed for June 2021-You may now review your Management Reports in EOR

The most recent accounting month is now closed. Your Management Reports are complete and ready for your review. For most departments/units, review and approval should follow the steps outlined in this memo. Some departments/units have alternate procedures in place to accomplish review … Continue reading

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June 2021 BPAG Minutes Available

The BPAG minutes from the June 11, 2021 BPAG meeting are now available on the Business Analysis & Support Services website. What is BPAG? BPAG stands for Business Process Advisory Group.  Business officers from across campus meet monthly with central … 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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Q2 FY 2021 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for December 31, 2020, is $239.50 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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Vice President (or designee) Approval Required on Expenditures Exceeding $10,000

In response to the directive dated April 29, 2020, issued to the President’s Leadership Council from President Watkins and Senior VPs Reed and Good (read here), the Purchasing Department has implemented new procedures and processes to address required vice presidential … Continue reading

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Q3 FY 2020 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for March 31, 2020, is $196.72 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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Select Market Conditions Updates

Medical Supplies Many types of facemasks, antiseptics and other Personal Protection Equipment (PPE) medical supply items are in limited supply and contracted vendors are allocating, placing items on backorder, or rejecting orders. Some vendors are not allowing new customers at … Continue reading

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Revised Space Rental/Lease Account Codes

The Property Accounting Office and Controllers Office are informing you of required changes to the Space Rental/Lease Account Codes due to Governmental Accounting Standards Board (GASB) No. 87 on Leases to be implemented July 1, 2020. The statement requires the … Continue reading

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Fiscal Year 2020 Year-End Procurement Submission Dates

The last day of the University’s fiscal year is June 30, 2020. Procurement transactions required to be completed prior to the end of FY 2020 are subject to the due dates described below. The dates shown below are estimates and … Continue reading

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Q2 FY 2020 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for December 31, 2019, is $227.68 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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