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Changes Coming to the Uniform Guidance

Finance News

A group of employees joining hands in the backgorund with the NC State Finance Division logo in the foreground

Jun 24, 2024

New Team Members and Roles

Written by Justo Torres, Director, Office of Contracts and Grants. The Office of Contracts and Grants is pleased to highlight some new team members and existing members with new roles. We are committed to attracting and retaining the best talent available and would like everyone to virtually “meet” the following staff: Houston Alexander, Interim Sr.…
A flip calendar showinng June 30 with "EOFY" (End of Fiscal Year) in blocks underneath

May 23, 2024

FAI Fiscal Year End Reminders

Written by Erin Delehanty. Foundations Accounting and Investments (FAI) has a few friendly reminders as fiscal year end approaches: Audit Request Letters Audit request letters were sent via email by Jessica Hoff, Foundations Assistant Controller, to appropriate parties on June 1. These letters contain a listing of various documents and information required to be submitted…
A calendar with 2023 ripping to reveal the year 2024

May 23, 2024

Controller’s Office: Year-End Reminders

Written by Arianna Williams. The University Controller’s Office would like to provide the following reminders for fiscal year-end deadlines: Journal Vouchers  Travel Reimbursement Travel reimbursements must be uploaded with supporting documentation and approved at all levels by 5 p.m. on June 14 for June processing.  Imprest Account Reimbursement Reimbursement requests for imprest checking/petty cash accounts…
A futuristic hand with a dollar sign hovering above it. The symbol has a red arrow pointing left and a green arrow pointing right.

May 23, 2024

Cost Transfers: Necessary but Risky

Written by Justo Torres, Director, Contracts and Grants. A cost transfer is the moving of an expenditure from one department or project to another. They are a needed tool to make sure costs are booked to the correct source, and a part of doing business, but they come with the price of added audit attention.  …
A cell phone and a tablet, both displaying the Finance Division Knowledge Base

May 23, 2024

What is a HUB?

Written by Sharon Loosman. This month’s Finance Division Knowledge Base spotlight is on the article: What does the designation of “Historically Underutilized Business” mean? A Historically Underutilized Business (HUB) is a corporation, sole proprietorship, partnership or joint venture formed to make a profit in which at least 51 percent ownership of the business is by…
Four dice showing symbols for email, phone, cell phone, and @.

May 23, 2024

Fully Staffed: Summer Call Center

Written by Mia Pollard. As we enter our 12th year of implementation, the University Cashier’s Office is pleased to announce our summer call center is fully staffed with seven student workers, including two who have been with us since the beginning of the 2023-24 academic year.  Our student workers assist in answering phone calls and…
Sharon Loosman and Megan Catt receive the PaymentWorks Hall of Fame Award

May 23, 2024

PaymentWorks Hall of Fame Award

Written by Megan Catt. In December 2023, PaymentWorks hosted an event to honor vendor management professionals and the value they bring to this important area of work. During the event, Megan Catt and Sharon Loosman were inducted into the inaugural PaymentWorks Hall of Fame. They were selected due to their contributions to the PaymentWorks User…
A group of employees joining hands in the backgorund with the NC State Finance Division logo in the foreground

May 23, 2024

Finance Division Staff Nominated for Awards for Excellence

Written by Maria Fister. Awards for Excellence is the most prestigious honor bestowed upon non-faculty employees. This award recognizes outstanding accomplishments and contributions of individual employees, above and beyond an employee’s normal job responsibilities. This year, four Finance Division staff were nominated for this award: Andrew Casey, Christopher Hairston, Dwaine Cook and  Lance Newsome. Andrew…
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…