Campus Orders for FY15 business must be received in Accounts Payable by 5:00pm, July 8, 2015.
Invoices or Payment Requests for FY15 business must be received in Accounts Payable by 5:00pm, July 10, 2015.
Please also refer to Financial Reporting & Accounting’s Fiscal Year-End Closing Information and Dates.
Please ASK US if you have any questions.
The State auditors will begin their interim fieldwork testing this month, June, which will last through July. Additional audit work is scheduled for September. This year’s State audit team will include Jason Allen, Supervisor and his staff; Chris Salata, Aubrie Turner, Nick Larger and Chase Anthony.
The ending quarter endowment pool unit market value for March 31, 2015, is $224.00 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 remain the same through the fiscal year. For detailed instructions on how to project endowment income, please click here. The instructions are available there now for fiscal year 2015-2016.
If you have any questions or feedback just ask us!
The Department of Compliance Oversight and Reporting is excited to announce the transition of the University from paper PAR’s to ePAR, an electronic system for certifying quarterly effort. A pilot group is testing ePAR as part of the FY 15, 3rd quarter effort reporting and ePAR will be rolled out to the whole University for the FY 15, 4th quarter. Effort certification will be very easy and require little or no training for those certifying their effort in ePAR. ePAR training will be provided in June 2015 for department admin who currently receive and are responsible for processing the paper PAR’s; sign-ups and dates for the training classes will be made available in mid to late May.
Please ASK US if you have any questions.
The ending quarter endowment pool unit market value for December 31, 2014, is $221.57 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 remain the same through the fiscal year. For detailed instructions on how to project endowment income, please click here. The instructions are available there now for fiscal year 2015-2016.
If you have any questions or feedback just ask us!
The Purchasing Card Program has moved! The offices are now located in the space previously occupied by the University Credit Union in room 1125, Annex Building Wing B.
Although our location has changed:
Card pickup for new cardholders will be in the new location, Annex 1125.
If you have any questions, Ask Us!
**UPDATE-RESOLVED** This issue has been resolved. The correct benefit rates and amounts are updated in the detail reports now, and will be reflected in the summary reports beginning tomorrow, March 7, 2015.
Thank you for your patience!
On March 3, 2015, the process that calculates the benefit rate for employees malfunctioned. The benefit encumbrances have been showing zero in the Management Reports because of this issue. We are looking into the problem, and will send an update as soon as this is resolved.
Please ASK US if you have any questions.
Financial and Business Services announces the retirement of Deb Larson. Deb has served the University of Utah for nearly 20 years and has been the Manager of Cost Accounting and Analysis since 2010. Deb has been integral in the preparation of the university’s current Facilities and Administration (“F & A”) Rate proposal (impacting all of our sponsored research projects).
Deb’s retirement is effective March 31, 2015. There will not be a retirement celebration gathering, so please begin now to extend your appreciation, well wishes, and compliments as you associate with her. Deb initially worked in Auxiliary Services, then in Housing and Residential Education. She left the university to work at Rocky Mountain Power in Portland, OR and in Salt Lake City, UT. Deb returned to the university as the Manager of Property Accounting in 2007, and became the Manager of Cost Accounting and Analysis in 2010.
Please join us in thanking Deb for her significant contributions to the University of Utah and in extending best wishes for a happy and healthy retirement.
“The Spring 2015 issue of Momentum is here! We have a lot of exciting news to announce – Updates on Ushop, P2P, Government regulations, and an introduction of some new (and familiar) faces in FS. Click here to view!”
The Request for Quasi Endowment form has been updated and revised. The approval signature of a Senior Vice President is now required on the new form.
Any additions to already existing quasi-endowments of $50,000 or more will require submission of the form for pre-review and approval.
Click here to access the new form.
If you have any questions or feedback just ask us!
