News

The new Business and Finance unit monthly reconciliation checklist is now available for download and is intended to be a guide to assist units in the development of the processes necessary to ensure an effective internal control environment. While it is not required to be utilized, if a unit chooses not to implement these procedures, their own procedures need to be identified and implem...

Functionality was implemented in late May to provide an easier process to pay 9-month faculty new hires who begin working prior to August 15. A reason of "Faculty Early Start" has been added to Period Activity Pay (PAP). This may only be used for full-time 9-month tenure, clinical or research track faculty in their first year of employment. The early start must begin on or after ...

Effective July 1, 2023 the Competitive Bid Thresholds and Consulting approvals are changing as shown in the table below. 7/1/2023 Competitive Bid ThresholdsEntityCurrent ThresholdsThresholds Effective 7/1/23Goods$25,000$75,000Services$50,000$75,000Consulting - B&F Approval (workflow through Workday)$50,000$75,000Consulting - Cabinet Approval$50,000$250,000 ...

Please note that the equity roll-forward of FY24 beginning equity balances will not occur until after second close, which is at 5 p.m. on the evening of July 20, 2023. As a result, reporting will be affected until the equity roll-forward occurs. ...

The detailed FY24 period close and department fiscal payroll processing calendar is combined into one single calendar. It has been published and is now available on the Controller's website. ...