The Office of Finance and Budget includes 20 departments that oversee $9.2 billion in total assets and deferred outflows of resources and $5.5 billion of total liabilities and deferred inflows, with a net position at $3.6 billion as of June 30,2021. The departments are committed to prudent stewardship of University resources through strong internal controls, strategic planning and fiscal responsibility of funds.
To help campus adjust to new purchasing benefits and opportunities, the Purchasing Services team held a webinar to educate users on the new purchasing environment. If you were unable to attend, or you would like to review the information, you can access both the slides and the webinar on the ConnectCarolina user information page.
To notify Payroll of an out-of-state employee, please submit the form “Notice of Employee Working Outside of North Carolina” to MultistateTax@unc.edu and one of our Tax Team members will process the information. The best time to submit this form is before an employee has been paid for work out of state. However, all cases should be reported as soon as they are identified to best comply with various state requirements.
The employer retirement contribution rates have been communicated to us by the North Carolina Teachers and State Retirement System (TSERS). Effective July 1, 2022, the TSERS employer contribution rate increased from 24.10% to 24.50% and the Optional Retirement Program (ORP) employer disability and retiree health contribution rate increase from 5.99% to 6.99%.
