Updates and Changes to the Guide to Financial Management

…Procurement Services website.   June 8, 2020 [Ref. 2020-3]: Purchasing and Payments to Vendors The Purchasing and Payments to Vendors section and other applicable pages in the GTFM have been…

Payment Terms

…for answers to frequently asked questions and for contact information. Incoming wire payments If payment is to be made via incoming wire transfer and a University of Toronto invoice will…

Purchase Order Invoices

…Authorizing Purchase Order Related Payments Receiving Reports Invoice Amount Exceeds Purchase Order Amount Returning Goods to Suppliers   Authorizing Purchase Order Related Payments The preconditions for issuing payment to a…

Introduction to FIS

…amounts. Recording of the invoice into FIS is done centrally by the Financial Services Department. The Financial Services Department will also process all payments received to the customer account on…

HST – University Sales

…aid services educational services provided by elementary and secondary schools, publicly funded colleges and universities, and private secretarial schools and business colleges a broad range of supplies of a non-commercial…

Budgeting and the Operating Fund

…central services and overhead. The second is a non-formulaic component that is based on academic plans.” Shared-service Divisions Funding recommendations for shared-service divisions are made by a committee chaired by…

Budget Implementation – Operating Fund

…specific operating purposes; government grants for specific operating purposes; income from sales or services provided externally or internally; fees from non-credit courses; non-tuition-related compulsory ancillary fees; and departmental overhead income…

Preparing a Research Proposal Budget

…of salary for appointed staff and non-appointed staff can be found on the Standard Benefits Rates page of Financial Services website. Computing costs – Ensure that the cost of computing…

Fundraising and Donations Overview

…Donations Gifts-in-Kind (Non-Monetary Donations) Division of University Advancement The Division of University Advancement (DUA) is organized to play a key role in the area of donor contributions and private funding…

Fund Groups Used at U of T

…following GTFM sections: Research Funding, Non-Research Restricted Funds Student Awards Trust Funds Non-Research Grants and Contracts For more information on how the U of T’s Financial Information System (FIS) is…