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FY27 Endowment Spending Budget Communications

Finance News

A graphic showing spending allocation from endowment principal being blocked from current year spending and being diverted to unused spending.

Dec 16, 2025

Reviewing Unused Spending Balances

Written by Brooke Labashousky. Foundations Accounting and Investments (FAI) leadership will be taking an in-depth look at units’ unused endowment spending balances in the next couple of months. Colleges and units will receive additional communication regarding their unused balances.  In the meantime, FAI encourages all colleges and units to review unused endowment spending balances and…
A cell phone with the "Shop the MarketPlace First" logo on it sits among shipping boxes.

Dec 16, 2025

January Jumpstart: Boosting Campus Value Through Smart Spending

Written by Michaela Teachey. This winter, as the campus community settles into the new year, we’re shining a spotlight on our MarketPlace. We’re kicking off 2026 with highlights from our recent annual MarketPlace Expo, exciting new promotions and special cost-saving initiatives designed to help departments across campus stretch their budgets further. Our goal is to…
A digital landcape of colorful shapes with an annoted Google Doc Navigation Guide hovering above.

Dec 16, 2025

Tips for Navigating Finance Learning Resources

Written by Maria Fister. Finance Division learning resources use the same template across all areas to promote consistency and make them easier to navigate, regardless of the subject matter. We use a consistent layout across all Finance guides so you can quickly find the answers you need without relearning how to navigate them. The core…
A metal wolf statue on campus with the words "Business Connections" and an NC State brick logo in the foreground

Dec 16, 2025

January 2026: Business Connections Updates

The University Controller’s Office hosts Business Connections meetings each fiscal year from September to April (no December meeting due to the winter break). During these meetings, we share key financial updates and feature guest presentations on topics requested by the audience. Event dates and materials are posted on the University Controller’s Office website >  Business…
A graphic showing how reimbursements are calculated based on the shorter distance to the destination, which can be either hte point of departure or the duty station.

Dec 16, 2025

Quick Guide: Calculating Your Reimbursable Mileage

Planning to drive your own car for upcoming university travel? Whether you are heading to a conference or a site visit, knowing how to calculate mileage reimbursement will help you plan expenses appropriately.  Personal Vehicle Overview According to the Travel Manual, before using a personal vehicle for university business travel, you must consult with your…
A desktop calendar showing January of 2026 next to a pen, a paperclip, and a notebook labeled "2026."

Dec 16, 2025

January 2026: Reminders and Events

Announcements, Reminders and Tips Events and Deadlines Date Event 1/8/2026 Public Surplus Sale 1/8/2026 Business Connections Meeting 1/9/2026 Biweekly 20262R15 Payroll – Campus Lockout 1/14/2026 Monthly 20261R07 Payroll – Campus Lockout Remains Pending Distribution 1/20/2026 PCard Statement Due 1/21/2026 Last State Agency Transfer Processing for January Activity 1/22/2026 Public Surplus Sale 1/22/2026 Last Day to Reconcile…
This December, the Finance Division says a heartfelt goodbye to Maria Brown, Director of the University Cashier’s Office (UCO), as she retires after 24 years of dedicated service to NC State.

Nov 26, 2025

UCO Director Maria Brown Retires After 24 Years

Written by Zeryn Macklin. This December, the Finance Division says a heartfelt goodbye to Maria Brown, Director of the University Cashier’s Office (UCO), as she retires after 24 years of dedicated service to NC State. Her career was defined by digital innovation and a firm commitment to student success and financial wellness across the university.…
A decorative sign with the words "Office of Post Award Financial Services" on it

Nov 26, 2025

Announcing the Office of Post Award Financial Services and New Strategic Structure

Written by Justo Torres. We are excited to announce two significant updates designed to enhance our support for the university’s research community. Effective January 2026, the Office of Contracts and Grants will be known as the Office of Post Award Financial Services (OPAFS). This new name more accurately reflects our core mission: providing dedicated financial…
"Updated Travel Manual" in a white block next to a colorful signpost with arrows pointing in various directions.

Nov 26, 2025

Exciting Updates to the Travel Manual

Written by Ruthie Fairbanks. We are excited to announce several important updates to the Travel Manual, which are designed to make the travel process clearer, more efficient and easier to follow for all employees. Key Highlights: These updates are part of our ongoing effort to improve clarity, consistency and compliance in travel-related processes. We encourage…
A chart showing years from 2025 to 2029 with the year 2027 emphasized in red with a red pin stuck in a box next to it

Nov 26, 2025

FY27 Endowment Spending Budget Communications

Written by Brooke Labashousky. Foundations Accounting and Investments (FAI) calculates next year’s spending budgets for endowments held by the foundations and the University Endowment Fund annually and communicates those budgets to the benefiting colleges and units as appropriate. FAI is currently calculating endowment spending budgets for Fiscal Year 2027.  Budgets will be communicated to the…