The proposed Employee Related Expense (ERE) rates for the University FY 2023 have been approved by the United States Department of Health and Human Services Cost Allocation Services and will go into effect on July 1, 2022.
The Business Purpose Guide has been updated to enhance and clarify the requirements for a business purpose on all financial transactions, making it easier for users when completing their documentation.
The University of Arizona is committed to providing employees with important benefits such as health insurance, retirement plans, worker’s compensation, liability insurance, and more. These benefits enable us to maintain a competitive position in the workforce and among higher education institutions. Maintaining stable rates for these expenses is challenging, given increased costs and employment changes.
The University of Arizona has now issued its fiscal year 2021 Annual Comprehensive Financial Report (ACFR).
Financial Services and Sponsored Project Services, in conjunction with University Analytics and Institutional Research (UAIR), have developed a new UAccess Analytics dashboard page to help Fiscal Officers manage open Operational Advances.
The Employee Related Expense (ERE) rates used by the University must be negotiated through the United States Department of Health and Human Services, Cost Allocation Services; this negotiation has been successfully completed.
Effective immediately, the Government Finance Officers Association (GFOA) is asking all government finance professionals and industry affiliates to stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report.
The University of Arizona receives Automated Clearing House (ACH) and wire payments that post in the UAccess Financials Electronic Payment Claim area. It is essential that payments be claimed in the fiscal year in which they were issued.
The University of Arizona receives Automated Clearing House (ACH) and wire payments that post in the UAccess Financials Electronic Payment Claim area. There are 40 payments dating back to August of 2018 that remain unclaimed and require immediate review before they are sent back to its origination.
Financial Services and Sponsored Projects & Contracting Services have updated policy 9.15 Operational Advances. Additionally, related forms have been created to utilize Adobe Sign for a paperless electronic routing and approval process.