Managing the Fund Groups Used at UofT

…managed centrally on behalf of the sponsoring faculty/division, with the sponsoring faculty/division receiving interim reports on the status of the project. Each capital project in excess of $2 million must…

Fundraising and Donations Overview

…online searches at cost system profile and copies of articles on donor prospects Prospect Contact Reports of cultivation activities. Donations Management This department processes all donations received and maintains a…

Employee versus Independent Contractor and Taxation of Payments (HRIS vs FIS)

…for decision making; The individual receives all profits and is responsible for all losses; and The individual reports their business income on a T1 individual tax return For assistance in…

Investment

…direction of UTAM. UTAM reports on the investments under management to the Unversity Administration and to the Business Board of the University of Toronto. While the University establishes the return…

Long-Term Capital Appreciation Pool (LTCAP)

…also publishes investment reports for the LTCAP in the UTAM annual report. Information provided by the UTAM annual report is based on calendar year, whereas the information provided in the…

Preparing a Research Proposal Budget

…meetings Travel for consultation Consultants’ travel Automobile rental Aircraft rental Ship rental Services Computer services (at 100% of cost) Consultants Duplication services (reports, etc.) Publication costs Photographic services Service contracts…

Managing Research Funding (Financial Services and Other Central Departments’ Support)

…should be reconciled to the monthly fund center detail reports to confirm that payroll payments have been recorded accurately in FIS and to identify and follow-up on payments made to…

Internal Revenues and Internal Expense Recoveries

…transaction “Internal Revenues/Expense Recoveries” to record Internal Revenue and Recovery transactions so that: University financial reporting processes will identify and eliminate these balances from the reports prepared for external users…

Payments Without Invoices Processed Through FIS

…exist, the payment should be authorized by the person to whom that individual reports. Also refer to the Statement of Conflict of Interest and Conflict of Commitment.   Last revision…

Imprest Expenditure Bank Account

…Reports to which the bank statements are attached, File of reimbursement requests, and File of invoices/vouchers paid but not yet submitted for reimbursement. Annual Confirmation: Once annually submit an Imprest…