Long-Term Capital Appreciation Pool (LTCAP)

…annually. To obtain the latest number of LTCAP units held by a particular endowment fund, please use the Funding by Fund Centre or Fund Report. UTAM also publishes investment reports…

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)

…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 individuals, which were rejected and…

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…

Prepayments

…fiscal period should be recorded as prepaid expenditures and excluded from reports of current expenses. Where prepayments cannot be avoided, year-end adjustments can be made to the accounts, i.e. for…

Foreign Payments

…detailed process for entering foreign invoices and expense reports: Create Invoice (Non Purchase Order Related) Expense Reimbursement Dual Currency Expense Reimbursement Single Currency Foreign Payments by Wire Transfer Payment via…

Records Management – Payments to Vendors

…would include (but are not limited to) the following: Departments – packing slips / receiving reports, purchasing card statements, supplier invoices, journal entries, budget transfers, imprest bank account statements, petty…

Developing and Implementing Policy

…website. The Business Board has one standing committee – the Audit Committee. The Audit Committee receives reports from the administration and from the internal and external auditors. It acts as…