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Identifying Foundation Projects

Finance and Budget News

What's New? Message Revealed Under Ripped Yellow Paper

Oct 29, 2026

Updated Resources Digest

This month, we are introducing our newest feature to the Finance and Budget News: the Updated Resources Digest. This feature is designed to keep the university community informed about changes across our finance tools, guides and policies. This monthly summary will bring recent enhancements, revised documentation and new training materials into one convenient place. This…
Tax compliance text on wooden blocks with tax form, gavel and calculator background. Taxation concept.

Oct 29, 2026

Foreign National Tax Compliance and Vendor Onboarding

When onboarding a foreign national as a vendor, employee or student at NC State University, navigating tax assessments, payment paths and regulatory rules is essential for a seamless process. Every vendor onboarding situation boils down to four key questions: Answering these four questions early will help accurately predict tax outcomes and maintain compliance before issuing…
Cover of the Departmental Deposits Guide.

Oct 29, 2026

Check Deposit Reminders

The University Cashier’s Office (UCO) provides important reminders for preparing check deposits. Following the guidelines below promotes the timely and accurate processing of checks and maintains compliance with university financial procedures. All checks deposited with the UCO must: Departments should also verify the following: Return Check Fee A $35 fee will be assessed for any…
portrait of Jacob Nipper, payroll tax accountant, and Lance Newsome, assistant director of materials support.

Oct 29, 2026

November 2026: Our People in the Spotlight

Jacob Nipper, Payroll Tax Accountant Please join us in welcoming Jacob Nipper to the University Controller’s Office as our new payroll tax accountant. Photo by Jacob Nipper Nipper brings over seven years of experience in payroll processing, tax preparation and bookkeeping, including roles as a staff accountant at Panoptic Accounting Group and MB CPA PLLC.…
November 2026 calendar month with pumpkin decoration.

Oct 28, 2026

November 2026: Reminders and Events

Announcements, Reminders and Tips Finance Division University Controller’s Office Office of Post Award Financial Services Procurement and Business Services Events and Deadlines Date Event 11/5/2026 15th Annual MarketPlace Expo 11/10/2026 Business Connections Meeting 11/10/2026 Biweekly Payroll 20272R11 Supervisor Lockout Deadline 11/11/2026 Monthly Payroll 20271R05 Campus Lockout 11/12/2026 Public Surplus Sale 11/12/2026 Biweekly Payroll 20272R11 Timekeeper…
Word cloud with “PCard” in large red letters at the center, surrounded by purchasing card terms such as Compliance, Procurement, Audit, Reconciliation, Policy, Authorization, Documentation and Accountability.

Oct 28, 2026

PCard Audits Safeguard the PCard Program

In 2024, the University of North Carolina (UNC) System Office instituted the Regulation on University Procurement and Purchasing Card Programs (1300.7.2[R]). This regulation is designed to protect both PCard cardholders and the university.  PCard cardholders, PCard program administrators, college/division and department business officers and staff are expected to uphold this regulation and any applicable state…
Grant funding symbol.

Oct 28, 2026

Stevens Amendment: Disclosure for Federally Funded Research

Navigating the evolving landscape of federal grant administration requires constant attention to transparency, accountability and regulatory compliance. Across higher education, federal funding agencies are placing renewed emphasis on a long-standing requirement known as the Stevens Amendment. For NC State researchers and administrators, understanding this regulation is essential to protecting university funding and showcasing the positive…
Hands holding a gift box in front of an open laptop, with digital icons above showing a speech bubble that reads "good course!", thumbs up, stars, and checklists.

Oct 28, 2026

Feedback as a Gift: Why We Pilot Test Training

When rolling out Financial System updates, implementing new compliance procedures or launching learning initiatives, our goal is a smooth transition for the university community, and a simple step may make all the difference: testing our training materials on a small group first. Doing a pilot run before going live allows us to catch issues early…
Wolfpack-themed pumpkins

Oct 28, 2026

FAI Holiday and Winter Break Payment Schedule

Every week, Foundations Accounting and Investments (FAI) processes payments greater than $5,000 from Foundation projects and various LLC expenditures. In general, an approved voucher (business unit NFDN1) must be received by Tuesday at 4 p.m. to be processed within the same week. Wires are completed by COB Thursday; checks are typically ready for mailing or…
Workspace with Computer Screen

Oct 28, 2026

Identifying Foundation Projects

University partners often ask: “When should I contact FAI?” and “How do I know I am working with a Foundation project in the Financial System?” Anytime you are working with a ledger 6 or ledger 7 project (specifically 774xxx or 76xxxx; or class 721x and 722x), you are working with a Foundation (ledger 6) or…