The purpose of this memorandum is to provide campus information on the June 2020 payout distribution to University and UNC-Chapel Hill Foundation Inc. endowments.  The approved distribution rate each year is targeted to be approximately 5 percent of market value, but the actual distribution could be lower if the endowment is underwater.   The term “underwater endowment” is used to mean one in which the endowment’s total market value is less than its historic book value or principal – i.e. the actual dollars contributed to the fund.

UNC-Chapel Hill has been informed that UNC Healthcare will soon be retiring the UNC Healthcare Dual Employment policy.

Although Financial Analyst Yahui Chao works in the same department that she did when hired in 2002, everything else has changed. Ironically, she’s come full circle by remaining flexible and open to change, as she shares in this month’s In Focus interview.

Effective, Friday, August 23, 2019, a combo edit will be in place to enforce the correct use of the teaching account range 513100-513190 against Budget and Actuals (HR Combo codes).

2018 Basic Spending Guidelines document is released.

The Budget, Planning & Analysis office has rolled out an enhanced Dual Employment Payment Request Form.

Sponsors of the Resource Management, Planning and Allocation (RMPA) initiative hosted the “UNC Budget Model Panel Discussion: Successes and Lessons Learned from Peer Universities,” for University staff and faculty from 1 to 3 p.m. on Monday, May 22, at the Sonja … Continued

Sponsors of the Resource Management, Planning and Allocation (RMPA) initiative hosted the “UNC Budget Model Panel Discussion: Successes and Lessons Learned from Peer Universities,” for University staff and faculty from 1 to 3 p.m. on Monday, May 22, at the Sonja Haynes Stone Center.

An important initiative to simplify the part of ConnectCarolina that tracks and controls budgets is happening in time for the new fiscal year.  The simplification will improve system performance, reduce complexity, and reduce the amount of data the system needs to manage.

TO: Deans, Directors and Department Chairs University Business Managers MOU Financial Leads FROM: Aimee Turner, Executive Director of Enterprise Financial Accounting and University Controller, Internal Controls Officer DATE: May 3, 2017 SUBJECT: DDD: Fiscal Year-end Closing Dates and Procedures – … Continued