Reporting to Sponsors

…of the principal investigator but the sponsor does not withhold subsequent award payments pending receipt of these reports, thus funding is not reliant on a financial report being submitted. Some…

Guide to Completing FIS Master Record Forms

…breakdown based on percentage. Internal Order Group On the IO forms, an internal order group is optional. IO’s are organized in hierarchies, the master record will be placed in this…

Source Documents and the Audit Trail

…by the individual receiving the goods. If not done on-line, a goods receipt document must be completed and forwarded to the individual processing the invoice. Internal cash receipt The internal…

Budgeting

…widely across accounts, a maximum tolerance of $10,000 has been provided to each fund to facilitate payments to students when donations are received after payments are made. It is crucial…

Summary of Year-end Deadlines and Contact Information

… Wire Payments Request for wire payments pertaining to current fiscal year expenses should be submitted to the Financial Services Department (FSD) no later than April 16, 2025. If this…

Moving Expenses

…the payment as required under the Income Tax Act as these payments are generally considered taxable benefits to the employee. These payments would include non-accountable allowances (see below) and ineligible…

Managing the Fund Groups Used at UofT

…(see section on internal revenues and expense recoveries) Long term: Self-funded revenue generating activities (internal/external invoice) Funding “contributions” from other fund groups (interfund transfers) Ancillary Operations The ancillary operation accounts…