Announcements

We’re writing with this year’s plan for the 2020/21 fiscal year-end close. The year-end close process for the School of Humanities and Sciences has not changed from last year. This year we will continue to use the suite of reports provided on the H&S Financial Dashboard, including the OB and Non-OB reports. More details are included in the OB and Non-OB Close Tasks sections below.
Emails were sent today from UIT and FMS to call attention to the two recent enhancements. The Authority Manager module has been enhanced and an Alternative Payment Solution Project (Digital Payments) has been launched.
Key dates for the FY22 Operating Budget planning in BPS.
Writing to confirm that the FY 2020/21 budget savings policy will be the same as it has been for the past two years. Departments and programs will be allowed to move all operating budget general fund surpluses to their Budget Savings account. This policy will be reevaluated for FY 2021/22 as our financial situation becomes clearer.
Dear GFPS Users, We again look forward to working with each of you during this year’s budgeting process. We understand there are still a lot of uncertainties that would impact yields, students deferring admission, and summer funding for next budget year. The GFPS team will work diligently to provide guidelines and assistance as information made available to us. This year, all Department balanced FY2021-22 budgets will be due to the Dean’s Office by Friday, May 28th.
Dear H&S Finance Colleagues, Financial Management Services (FMS) is undertaking a project to clear aging transactions (i.e., Advances, Travel Card, and Purchasing Card transactions that are older than 60 days). The Business Expense and Payment...
Dear Finance Colleagues, Budget season will be here soon, and preparations are underway. We are targeting opening BPS in mid-June without labor data, adding labor data about ten days later. As part of this process, we will be shutting down access to...
Dear Colleagues, At their recent meeting, the Trustees approved endowment payout rates for the upcoming year (FY 21/22). I’m writing to pass along this information, and to also give you the currently projected growth rates for future years. Please...
H&S Finance Colleagues, Please forward the following to appropriate financial staff in your area. In addition to the FUNDING commitment review we are asking you to complete this month (see email of November 13, 2020), we would also like to strongly...
Fiscal Year 2021: Base Budget Loaded to Oracle Financials (viewable in OBI and FFIT) Dear Finance Partners, Fall weather is upon us, and we hope that the start of the academic year and the fiscal year has been as smooth as possible. It has been a...
Fiscal Year 2021: Review of First-Quarter Funding Commitments Response Needed by Monday November 30, 2020 Dear Finance Partners, We are pleased to be sending you today information about FY21 first-quarter funding commitments. [Information about FY21...
Dear H&S Finance Colleagues, Happy new fiscal and academic year! This summer felt a bit like an exercise in survival rather than rejuvenation, but we made it through an extraordinary fiscal year end. Thank you! We want to make you aware of reports...
TO: Department Administrators FROM: Jim Henry, Chief Financial Officer Blake Grenier, Associate Director of Finance SUBJECT: 2019/20 Faculty Salary Savings Instructions and Cost Share Accounts DATE: August 17, 2020 This is a reminder about the...
MEMORANDUM TO: Department & Program Administrators FROM: Jim Henry, Chief Financial Officer Blake Grenier, Associate Director of Finance SUBJECT: 2019/20 Fiscal Year-end Close DATE: August 4, 2020 We are writing with this year’s plan for the 2019/20...
Dear H&S Finance Colleagues, Thank you all for the thoughtful work on the FY21 budget. It is an extraordinary effort during extraordinary times. As we pivot from FY21 budgeting to FY20 year-end close and in consideration of several key transaction...
Dear Colleagues, On Wednesday afternoon, during the DFO/PM meeting, a question was asked regarding the use of faculty funds (FZxxx) to purchase home office furniture due to the COVID-19 response. There are a few considerations to review before moving...
Dear H&S Finance Colleagues, As indicated in our May 11 communication, we have been working hard with our colleagues in H&S IT and developers at Kaufman Hall to open BPS early this year. I’m writing to let you know our current target date is Monday...
Dear H&S Finance Colleagues, Thank you for your prior help reporting the financial impact (both savings and losses) of COVID-19 on your area(s). As you may have deduced, we have not been asked to report for May, so will pause this month and not...
Dear H&S Finance Colleagues, We are writing to bring to your attention an ongoing University-wide system issue related to tuition expenditure commitment information that has typically occurred during the month of April. Several of you brought this...
Dear Finance Colleagues, Thank you all for your help in putting together COVID Impact reports for the month of April (for a second time!). Your thoughtful consideration of this reporting is greatly appreciated by both the Finance Office and Financial...