EFS allocations

When will allocations go into EFS?  

Stimulus funds

Please do not make any further adjustments to stimulus fund 1613. 

RRC Notes 5/18/2011

Notes from the 5/18 RRC meeting. 

RRC Meeting Summary -
May 18, 2011

Budget:  It will be weeks or months before the
University has a final appropriation from the state, but central will make
allocations to colleges next week.  This
will allow us to put O&M allocations in EFS, so collegiate units can budget
O&M revenue in EFS.  (Hopefully,
everyone is already working on the rest of their budgets in EFS!)

Tomorrow (Friday, May 19), I will send tentative allocations
to academic departments.  They are very
unlikely to change, but, of course, they are subject to the college's final
allocation being within the range we are anticipating.

Expense Audit:  An audit of senior executive expenses
recently concluded.  Attached is a
document from the auditors that describes the issues they found.  Many of them are also applicable to expenses
for other University employees, so please review this document and make
appropriate adjustments to your policies and practices.

 

RRC 2011-05-18.doc

Exp.pdf

Quasi-endowments

The Foundation is making a critical change to how quasi-endowments are administered.  
Starting in FY12, our ability to invade the principal with quasi-endowments is going to be severely limited.  Please review the attached document if you work at all with endowments.  DJP

Quasi Endowment Fund Initiatives.PDF

Purchasing Card Policy

CSE is moving toward a college-wide p-card policy. 

Department head and center director transactions

An important reminder on approvals: