Author Archives: Carl Larson

Fiscal Year 2020 Year-End Procurement Submission Dates

Posted February 27, 2020 in Procurement and Supply Management, UShop and tagged , .

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

Posted February 18, 2020 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the … Continue reading →

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Purchasing Department Buyer Changes

Posted December 19, 2019 in Procurement and Supply Management and tagged .

Employee Retirement We’re both saddened and thrilled for him to announce the retirement of Bob Tiney, a buyer in the Purchasing Department. His last day at the University is January 15, 2020. Bob has been a valued and vital member … Continue reading →

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Q1 FY 2020 UMV for Endowment Projections

Posted November 12, 2019 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value (UMV) for September 30, 2019, is $220.61 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 … Continue reading →

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Work-Study Funding Available

Posted October 28, 2019 in Payroll and tagged .

The Office of Scholarships and Financial Aid has Work-Study funding available for the 2019-2020 academic year. Our goal is to fully utilize the funds we have to offer our eligible students Work-Study options. We would like to evaluate current part-time … Continue reading →

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Q4 FY 2019 UMV for Endowment Projections

Posted August 14, 2019 in Financial Services.

The ending quarter endowment pool unit market value (UMV) for June 30, 2019, is $220.14 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 … Continue reading →

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Correctly Answering Questions on the Scholarship / Fellowship / Traineeship Form

Posted July 31, 2019 in Compliance Oversight and Reporting and tagged .

Central Administration has seen multiple instances where the question on the Traineeship Form “Is the payment for a current UofU Employee?” has been answered incorrectly (i.e. “No” when it should be “Yes”). For those completing this form, you are asked … Continue reading →

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Timely Reporting of Departmental Deposits

Posted July 3, 2019 in Controller, Financial Reporting and Accounting and tagged .

As of July 1, 2019 (fiscal year 2020), Financial Reporting & Accounting will begin assessing a $10 fee for posting un-booked deposits greater than 90 days old to the appropriate Department. University Policy (Rule 3-003B) states transactions should be documented, … Continue reading →

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Audit News – State Auditors’ Fieldwork

Posted June 21, 2019 in Controller and tagged .

The State auditors will begin their fieldwork testing June 24th and will be working on campus through September. This year’s State audit team will include Jason Allen and Bertha Lui, Senior Audit Managers and their staff; Kathryn Hoins, David Ingram, … Continue reading →

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Q3 FY 2019 UMV for Endowment Projections

Posted May 17, 2019 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value (UMV) for March 31, 2019, is $220.44 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 … Continue reading →

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