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URI Controller’s Office

URI Controller’s Office. Financial Administration Meeting October 30, 2013. Audited Financial Statement Highlights. The University’s financial statements received an unqualified opinion from the independent auditor. The University’s financial statements were completed on time, Sept 30th.

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URI Controller’s Office

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  1. URI Controller’s Office Financial Administration Meeting October 30, 2013

  2. Audited Financial Statement Highlights The University’s financial statements received an unqualified opinion from the independent auditor. The University’s financial statements were completed on time, Sept 30th. Audited Financial Statements on the Controller’s web site – Financial Reporting A-133 Single Audit due November 30th

  3. Contracts to General Counsel Agreements and Contracts must go through Office of General Counsel for approval before being signed by URI authorized individual If associated with PO, URI Purchasing Office will send contract to legal for review with copy of the CR If contract is under $5,000 and will be processed on LVPO, include a copy with correspondence to Office of General Counsel

  4. ACH \ Credit Card Payments If department needs to collect payment by credit card or ACH Contact Mary Stiller, Chief Accountant Contract with vendors RBS Worldpay Sallie Mae (HigherOne) Reg-Online- conferences & registrations BunkOne –camp registration DO NOT CONTRACT with 3rd party vendor without prior approval from Controller’s Office

  5. Credit Card Terminals Any old credit card terminals that are not being used, return to Financial Reporting Office in Carlotti Bldg, room 116

  6. Affordable Care Act Effective January 1, 2015- Large ER required to provide “adequate” health insurance or pay fines Office of Higher Education hired consultant Conner Stone Determine if URI, RIC and CCRI are one control group or multiple ERs for internal payrolls Look back period-determine # FTEs (full-time equivalent) Develop estimate hours per credit for per-course instructor (teaching, advising, prep)

  7. Affordable Care Act (cont.) FTE employees EE working over 30 hours or more a week over 130 days or 20 consecutive weeks will be eligible for health insurance Jobs entered in PS need to make sure hours “scheduled” are realistic to EE actual hours worked. EE Terminated & Rehired ER can restart the measurement clock If time lapse in service is greater than 26 weeks, Or if lapse in service is greater than weeks worked

  8. Affordable Care Act (cont.) URI Internal Employees Pre-course Contract – non hourly\hourly Grants Events – theater, athletic, etc. Coaches Temporary employee Seasonal More inform to come

  9. URI Foundation Fund Policies & Procedures Manual Overview • URIF’s Mission • Donors • Responsible Parties involved with fund activity Operating Funds • Types of Operating Funds Fund Maintenance • Creating/Opening a New Fund • Signature Authorization Forms/Chartfield Strings • Monthly Reporting • Fund Assessments

  10. URI Foundation (cont.) Revenue • Accepted sources of revenue • Non-Accepted sources of revenue • Ways to Give Expenditures • URIF Flexibility • Payment Requests • Internal Transfers (between foundation funds) • Scholarship Awarding Process

  11. URI Foundation (cont.) Endowment Management • Endowment overview/types • Spending policy • Income Distribution Stewardship and Donor Relations • Donor Receipts and disclosures • Stewardship Reports • Donor “Thank You” notes

  12. AccountingAccounts Payable/Travel Trish Casey Associate Controller

  13. Accounts Payable Update Reminders: Catering policy and Policy A-36 Make sure catering requests meets Policy A-36 (excludes Fund 401) Purchase orders and Limited POs should be issued prior to goods or services being “ordered” New Check day – Monday morning

  14. From the Travel Office State RFP Current contract with Short’s Travel ends 12/31/13 New RFP completed and will go out within next few days Could have new Travel Agency by January As soon as we know we will distribute information as rapidly as we can

  15. Travel mixed with Personal Travel • The TEV must include a quote from Shorts Travel indicating what the flight cost would be without the personal travel • The URI Car Rental Agencies do not cover you under insurance while traveling for personal reasons Cliqbook • Reminder, domestic travel can be booked using the on-line Cliqbook portal • Make sure that a TAR is approved prior to booking travel Travel Office cont.

  16. Automotive Charges State Automotive Charges: Activity will now be posted by vehicle number State usually sends us the detail reports about the 10th of the following month We will try to get all activity posted in the month Questions, send me an email and will try to investigate

  17. Invoice Voucher Invoice Voucher Instructions have been updated for clarification, including types of allowable items and they will continue to be update over next several months http://web.uri.edu/controller/files/Invoice_Voucher_instructions_1013.pdf Items no longer to be processed on IV Advertisements Freight

  18. Questions??? Please don’t hesitate to contact any of us with questions, concerns… New fiscal staff – call us for training on paper processing

  19. Payroll Jim Cacciola Assistant Controller

  20. EE Action Forms Pilot project has started in October 2013 CELS & Dining EE Action Forms includes workflow approval Fills in existing EE information, including distribution

  21. Direct Deposit Advices On-line EE direct deposit pay advices Similar to PS Internal Payroll Eliminate paper copies Historical direct deposits pay advices will be available on line Supervisor will be able to print for EE without access to computer Target date – January 2014

  22. W-2 Reminder Separate W-2s for State and PeopleSoft payrolls. ADDRESSES Address changes need to be in system by 12/15/13 State Payroll – Form USP-5 processed HR PeopleSoft – On-line

  23. Expired Grants Procedure We will no longer extend a distribution on a research project after grant has expired. Initiating a new process in Payroll charge to overhead accounts when Action Forms (USP-2a) distribution data is not up to date.

  24. PS Payroll Appointment Changes ADVANCE NOTICE Affordable Care Act may require us to pay most PeopleSoft Inhouse personnel on an hourly basis. Must maintain ACCURATE record of hours worked.

  25. PS Payroll CFS USP-2s are being processed to CFS(s) that haven't been setup in PS HR.  Department/Foundation is responsible for requesting a CFS be setup in PS HR by checking off the "personnel" box on the CFS create form.  If that box isn't checked off, it doesn't get setup in PS HR, only in Financials.  Cost Sharing \ Match – OSP needs to be notified to setup the HR chartfield string

  26. Questions???

  27. Financial System Management Dave Hansen Associate Director

  28. Year-End Reports FY2012 - We have archived these reports on our secure drive FY2013 – Closed – Y/E Reports ran over the weekend located in Report Manager Year-End Reports 2013

  29. PeopleSoft Tools 8.53 Upgrade Weekend of 11/9 – 11/11 Highlights Pivot Grid Reporting Tool Re-Organizing Favorites and Folders Export Trees to .pdf and capability to print trees Portal Dashboards and Workcenter Development Tools

  30. PS 9.1 Tools 8.53 - Cont Lowlights Hover Menu no longer exists – must click to navigate

  31. Financials V9.1 – Process Improvements Budget Transfers – Close to Beta Phase in Prod Sig Auth Workflow – Development delayed due to Tools upgrade - Target – 3rdQtrFY2014 Travel and Expense Module – FY2015 AR/Billing FY2016

  32. Questions???

  33. Sponsored & Cost Accounting Michele Wood Assistant Controller

  34. PeopleSoft Grants Enhancement Project took place Summer 2013 Main goals - improve analysis and reporting, close-outs, automate manual processes Closed over 3,000 old projects Grants portal (in process) – currently being piloted by CELS – award and project information Milestone notifications (in process) – currently in use for certain awards

  35. PeopleSoft Grants – Current project list OSP, S&CA, UCS currently reviewing pre-award PeopleSoft functionality Roll-out of Grants Portal college by college, slated for Spring 2014 PeopleSoft A/R and Billing TBD

  36. Project Close-Out Updates Still seeing transactions posting AFTER grants have ended 90, 60, 30 day email notifications should be reminding departments to take action to close/stop activities Payroll transactions posting AFTER 30 day window will be transferred to department overhead by OSP via USP 2a form, initiated by OSP and sent directly to Payroll

  37. OMB Omni-Circular – Grants Reform Proposed OMB Uniform Guidance: Cost Principles, Audit and Administrative Requirements for Federal Awards (combining A-21, A-50, A-87, A-89, A-102, A-110, A-122, A-133 into 1 circular) OMB has indicated their goal to release the final version is December 2013

  38. Inspector General Topics Recent IG reports: 7/19/12, University of Florida $3 million in findings based on a sample of 100 salary and 100 non-salary transactions. Issues included: Direct charging of clerical and administrative staff Direct charging of general use supplies, such as toner

  39. Inspector General Topics (cont) Recent IG reports: 3/31/11, Ohio State, citations included: Inadequate subaward monitoring. NSF visited subawardees and was unable to support claimed costs Inadequate controls for meeting cost share commitments Inadequate controls for meeting participant support cost commitments

  40. Grant Financial Compliance – Key Areas to Review on Your Grants Transactions after grant end date – should not be occurring Cost share – monitoring throughout grant (at least quarterly) Direct charging of clerical, administrative salaries and general purpose items Mail charges Phone charges (no grants are to be used as defaults; charges only booked if approved by OSP) Also, remember to review overhead revenue monthly Questions, need help, please call

  41. ARRA Update 23 active ARRA awards 17 of the 23 ended 8/31/13 and are working through the close-out process Few awards received agency approval to extend beyond 9/30/13

  42. Questions????Please do not hesitate to contact me874-2353mgwood@mail.uri.edu

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