Does your department purchase food and/or beverage for official functions such as staff appreciation, recognition, recruitment, donor cultivation or similar events? Revisions have been made to the official functions procedural statement.
Per University Risk Management, the insurance purchased for business travelers only covers COVID-19 quarantine costs if the person is medically mandated by a doctor to quarantine in a hospital under their supervision.
We are still waiting for our fiscal year '23 fringe benefit rates to be approved. Until they are approved, we will continue to charge our fiscal year '22 rates for the fiscal year '23 payroll. A fringe benefit encumbrance will be booked by the cost accounting team.
Since arriving on October 17, I have been blown away by the warm welcome I have received. I’ve been able to meet a lot of people in person and on Zoom. For those I haven’t been able to meet, I look forward to engaging with you soon. The warm welcome and open reception I have received has only underscored why I am so excited to join CU Boulder.
Over the past few years, we’ve learned a lot of valuable lessons from our work with sponsors, internal and external auditors, and campus partners for managing information. Refresh your knowledge with these helpful tips and reminders.
These tools provide departments with an excellent way to proactively review payroll activities and potentially reduce the number of payroll expense transfers needed to properly report activities on sponsored research.
Payroll expense transfers (PETs) are after-the-fact transfers to move salaries between speedtypes, projects and within awards. Find out how fringe benefits might be impacted by a PET and what happens if you move pay that is over a year old.
This report will allow department users to monitor potentially unallowable expenditures on externally funded awards and will help reduce audit risk by listing the expenditures with account codes that are considered higher risk.