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Finance Division Communications

The cover of the Internal Controls for Financial Data Guide

Apr 25, 2024

Internal Controls for Financial Data Guide

Written by Arianna Williams. The University Controller’s Office is proud to announce the new Internal Controls for Financial Data Guide has been published. This guide offers an introduction to internal controls in the context of financial data, explores the fundamental concepts and principles of internal controls and introduces the importance of internal controls for safeguarding…
Gears labeled with "rules, regulations, compliance, standards, and policies."

Apr 25, 2024

Changes Coming to the Uniform Guidance

Written by Justo Torres, Director, Contracts and Grants. In 2014, the U.S. Office of Management and Budget created the Uniform Guidance with the goal to streamline the myriad of regulations that governed Federal-funding grants and cooperative agreements.  In September of 2023, the Office of Management and Budget announced changes that will go into effect in…
An NC State graduate and young girl celebrate together

Apr 25, 2024

Supporting Under-Resourced Students

Written by Mia Pollard. Sarah Wright, Assistant Director of Student Support Services Programs, recently spoke with the Cashier’s Office staff to share the many support programs on campus for under-resourced students.  These programs include TRIO for undergraduate students, Pack Essentials and Feed the Pack.  What is TRIO? According to their Fast Facts, “TRIO Programs are…
A cell phone and a tablet, both displaying the Finance Division Knowledge Base

Apr 25, 2024

What’s the difference between a gift, a grant and a contract?

Written by Erin Delehanty. This month’s Finance Division Knowledge Base spotlight is on What’s the difference between a gift, grant and contract? When trying to determine which entity is most appropriate to solicit and deposit funds, it is important to distinguish whether funds are gifts, grants or contracts. Each type of fund has different requirements…
Four people interacting with enlarged technology elements, including phones, security and graphs.

Apr 25, 2024

Life Cycle of a MarketPlace Order

Written by Chanelle Corpening and Eric Shiflett. Have you ever wondered what the process is for a MarketPlace order, from beginning to end? If your answer is yes, this article is for you!  Step-by-step instructions for how to place an order in the MarketPlace can be located in the MarketPlace Manual.  The Process 1. Determine…
A businessman walking on a line graph as though it is a tight rope

Apr 25, 2024

Are Your Foundation Projects in a Deficit?

Written by Michelle Phillips. Do you know how to determine if a project is in a deficit? A foundation project is in a deficit if expenditures of the project exceed your funds available at the end of the year. The responsible party for each foundation project is required to ensure that projects are not in…
A metal wolf statue on campus with the words "Business Connections" and an NC State brick logo in the foreground

Apr 25, 2024

Business Connections Corner

The University Controller’s Office held its monthly Business Connections meeting on April 11. Several topics were discussed, including: Materials from the April Business Connections have been posted on the Controller’s Office website. The upcoming meetings for fiscal year 2025 have been scheduled to resume in September.  If you are interested in presenting or have any…
A beach chair, umbrella and beach ball on a small patch of sand surrounded by a blue background

Mar 21, 2024

Summer Salary on Contracts and Grants

Written by Justo Torres, Director, Contracts and Grants. As winter abates, plans for summer begin. For many 9-month faculty, summer planning includes thinking about summer salary on their contracts or grants.  What is Summer Salary? Summer salary refers to any earnings paid through NC State University for work performed by 9-month faculty during the period…
A cell phone, tablet, and laptop, all showing the Supplier Information Manual for Campus

Mar 21, 2024

Updated SIM Campus Manual

Written by Megan Catt. The Supplier Information Management (SIM) Team has been diligently working on updating the Supplier Information Manual for Campus!  When PaymentWorks first went live at NC State, the main objective of this manual was to guide campus customers on how to send an invitation to a vendor. Now that the platform has…
A cell phone and a tablet, both displaying the Finance Division Knowledge Base

Mar 21, 2024

What is Nelnet?

Written by Mia Pollard. This month’s Finance Division Knowledge Base spotlight is on What is Nelnet and what do they do? NC State allows all students to pay education expenses monthly – interest-free – through our partner, Nelnet Campus Commerce. The monthly payment plan allows students to spread the cost for a fall or spring…