Tag Archives: Regs

GASB 96, a New Governmental Accounting Standard For Subscription-Based Information Technology Agreements (SBITA)

Posted March 16, 2023 in Controller, Financial Reporting and Accounting and tagged , , , .

Per GASB 96 effective for fiscal year 2023 we must identify and start reporting on any subscription based IT arrangements (SBITA). This is retroactive, meaning we have to not only do this for any new agreements we enter into, but … Continue reading →

Comments Off on GASB 96, a New Governmental Accounting Standard For Subscription-Based Information Technology Agreements (SBITA)

March 2023 BPAG Minutes Are Available

Posted March 13, 2023 in Controller, Financial Reporting and Accounting, Financial Services Technical Support, Procurement and Supply Management and tagged , , , .

The BPAG minutes from the March 10, 2023 BPAG meeting are now available on the Financial Services Technology Support website. March 2023 Meeting Minutes Contract Signature Authority and Contract Review GASB 96, a New Governmental Accounting Standard For Subscription-Based Information … Continue reading →

Comments Off on March 2023 BPAG Minutes Are Available

Momentum Newsletter – Spring 2015

Posted January 30, 2015 in Financial Services and tagged , , .

“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!”

Comments Off on Momentum Newsletter – Spring 2015

Multi-Stage Bid and Request for Proposal (RFP) Training

Posted May 10, 2013 in Procurement and Supply Management and tagged , , .

Training by the Purchasing department on writing an exceptional solicitation that meets the new Procurement Code requirements for multi-stage bids and RFP’s will be presented on May 22, 2013. The session will be from 9:30 to 10:30 AM with 30 … Continue reading →

Comments Off on Multi-Stage Bid and Request for Proposal (RFP) Training

Crucial Purchasing Changes – Additional Session

Posted March 4, 2013 in Procurement and Supply Management, Purchasing Card and tagged , , , .

An additional Crucial Purchasing Changes training session has been scheduled on Tuesday March 12, 2013 at the Spencer Fox Eccles Business Building (SFEBB). There is also a session on Friday March 8, 2013 at the Film and Media Arts Building … Continue reading →

Comments Off on Crucial Purchasing Changes – Additional Session

P-Card Program Update – Small Dollar Purchases

Posted August 9, 2012 in Procurement and Supply Management, Purchasing Card and tagged , .

Change in State Law: The Utah Legislature revised the Utah Procurement Code (laws affecting the University of Utah purchasing practices) during the past legislative session. Most of the changes become effective on May 1, 2013. The Purchasing Department is working … Continue reading →

Comments Off on P-Card Program Update – Small Dollar Purchases

Changes to Policy 3-234 and 3-100 approved 4/12/2011

Posted April 21, 2011 in Procurement and Supply Management, Purchasing Card and tagged .

On April 12, 2011, the Board of Trustees approved a new revision of Policy 4-005: Use of Personal Telecommunications Services. Changes to this policy included reassignment of paragraphs from 4-005 that were unrelated to personal telecommunications services and thereby affected … Continue reading →

Comments Off on Changes to Policy 3-234 and 3-100 approved 4/12/2011

New Revision of Policy 3-111 Approved

Posted March 16, 2011 in Accounts Payable, Grants and Contracts Accounting, Tax Services and tagged .

On March 8, 2011, the Board of Trustees approved a new revision of Policy 3-111: Service Contracts with Individuals and Other Legal Entities. Please circulate this information to appropriate persons in your area. Implementation: Immediately This policy has been revised to … Continue reading →

Comments Off on New Revision of Policy 3-111 Approved

New Rules: Travel Per Diem and Equipment Leasing

Posted February 14, 2011 in Procurement and Supply Management, Property Accounting, Travel and tagged .

The following two Rules have been approved.  Read below for implementation dates and a brief description of changes.  Please circulate this information to appropriate persons in your area. NOTE: Administrative Rules carry a level of import that requires considering them … Continue reading →

Comments Off on New Rules: Travel Per Diem and Equipment Leasing

FBS Clarifies Procurement Policies

Posted February 8, 2011 in Procurement and Supply Management, Property Accounting and tagged , .

NEW PROCEDURE – Policy 3-100, in reference to Section III.D.2. (Vendor prepayments) This section of University Procurement Policy addresses certain procedural issues related to advance vendor payments, which are generally not allowed.  The new procedure clarifies which approvals are necessary … Continue reading →

Comments Off on FBS Clarifies Procurement Policies