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Central Terminal Leave Payout Pool Info

April 18, 2022

The University implemented a central pool for the payout of terminal leave on July 1, 2018. The pool rate will require a marginal increase from 1.30% to 1.40% effective July 1, 2022.  

DDD: 2022 Fiscal Year-End Closing Dates and Procedures

April 13, 2022

The purpose of this memorandum is to provide information regarding fiscal year-end procedures and critical campus wide and statewide due dates for a successful fiscal year end closing on June 30, 2022.

DDD – 2021 Fiscal Year-End Closing Dates and Procedures

April 19, 2021

TO: Deans, Directors and Department Chairs; University Business Managers; Campus Unit Finance Leads FROM: Manali Bettendorf, University Controller The purpose of this memorandum is to provide information regarding fiscal year-end procedures and critical campus wide and statewide due dates for … Continued

Reminder – Department Change Requests for FY 22

April 9, 2021

Please complete and submit the attached Department Update Form no later than Friday, April 9, 2021 to DepartmentChanges@unc.edu in order for the requested change to be tested and validated, effective July 1, 2021.

Procedures for June 2020 Payout

June 9, 2020

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.

Temporary Exemption from the Daily Deposit Act (N.C.G.S. § 147-77)

April 15, 2020

On March 30, 2020, the North Carolina Department of State Treasurer approved a temporary exemption to the Daily Deposit Act which requires the University to make daily deposits of all state funds into an approved bank account. Conditions in the exemption are as follows: