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:

I am pleased to announce that Manali Bettendorf has accepted the role of University Controller and Executive Director for Enterprise Financial Accounting. Effective Monday, October 14, Manali will work to provide Vice Chancellor Jonathan Pruitt and I with strategic guidance on the annual comprehensive financial report, accounting policies, financial systems and fiscal policy.

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 … Read more

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.

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.

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 – … Read more