Central Terminal Leave Payout Pool Info
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.
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.
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.
The University of North Carolina at Chapel Hill has released its Annual Comprehensive Financial Report for the fiscal year that ended June 30, 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
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.
The University Controller introduces the need for funding cost share transactions on sponsored projects and a plan to manage this requirement.
Effective immediately, the moving expense reimbursement process will be changed to a relocation compensation payment and will be a one-time stipend amount as agreed to in the employee’s offer letter. This will replace the need for the department or individual to submit receipts for reimbursement.
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.
The Fiscal Year-End 2020 Task Checklist is now available.
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: