Skip to main content

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:

Announcement about Aimee L. Turner

January 5, 2018

To:  Finance Council, University Business Managers, Finance Staff, MOU Financial Leads From: Dwayne Pinkney, Senior Associate Vice Chancellor for Finance and Administration and CFO I am writing to let you know that Aimee L. Turner is resigning her position as … Continued

MOU Leads: Reminder – Reporting of Employer-Provided Vehicle Mileage, Employer-Paid Membership Dues and Moving Expenses

November 2, 2017

Major Organizational Unit Financial leads are required to report certain benefits provided to University employees for proper tax reporting on the Form W-2. This includes the employee use of an employer-provided vehicle, employer-paid membership in a club (e.g., Carolina Club, Admiral Club) or employer-paid moving expenses. If you are aware of this activity in your MOU, please provide this information for the period of November 1, 2016, to October 31, 2017.

State Auditors on Site

August 17, 2017

Each year a financial audit of the University is conducted by the NC Office of the State Auditor. The state auditors will be on site beginning August 25 for their work as part of the financial audit of the fiscal year ending June 30, 2017.

DDD – 2017 Fiscal Year-End Closing Dates and Procedures

May 3, 2017

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

New Director of Financial Reporting and Management Services

January 12, 2017

To: Major Organizational Unit (MOU) Financial Leads, University Business Managers, Finance Staff From: Aimee Turner, Executive Director of Enterprise Financial Accounting and University Controller I’m pleased to welcome a new addition to the Controller’s team.  Elizabeth (Beth) McAndrew became the Director … Continued