Finance News

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…

Mar 21, 2024

2023 Study of Endowment Results

Written by Erin Delehanty. NC State participates annually in the NACUBO-Commonfund Study of Endowments. This study includes institutions from across the nation and provides a basis for benchmarking endowment performance across institutions. The results from the 2023 Study of Endowments were recently released. A summary of NC State’s performance benchmarked against other study participants is…

Mar 21, 2024

New Accounting 101 Training

Written by Arianna Williams. We are pleased to announce the new Accounting 101 online course is live and available for registration. This course is designed for staff involved in financial accounting processes and is one of three courses that are part of the Finance Professional 1 certification program.  The other courses, currently under development, are:…

Mar 21, 2024

Meet the Cashier’s Team

Written by Mia Pollard. While our office and campus continue to work toward being fully cashless, our cashiers process all department accounts receivable deposits for campus, along with incoming checks to pay student accounts.  Our team of cashiers consists of three full-time employees who remain ready to assist students and staff in our office. Marybeth,…

Mar 21, 2024

Business Connections Corner

The University Controller’s Office held its monthly Business Connections meeting on March 14. Several topics were discussed, including:  Material from the March Business Connections has been posted on the Controller’s Office website. The final Business Connections of the fiscal year will be held on April 11. If you are interested in presenting or have any…

Feb 23, 2024

Debt Awareness Week

Written by Mia Pollard. This year, Debt Awareness Week is recognized nationally from March 18-24, 2024. The University Cashier’s Office has options available for former students who have a debt to the university.  Students are first informed of an outstanding balance on their account when payment is beyond 90 days past due and a hold…

Feb 23, 2024

Learn Finance with Us!

Written by Maria Fister. For the past few years, the Finance Division has been developing the Business Officer Academy, an educational initiative designed to provide current and new NC State employees with targeted financial skills training. The goal of this program is to ensure employees have the skills necessary to fulfill the specific requirements of…

Feb 23, 2024

Reviewing Funds with Little Activity

Written by Erin Delehanty. Monitoring foundation restricted funds is important to identify and address those with little activity or low balances. Although these activities can be monitored throughout the year, Foundations Accounting & Investments (FAI) prepares an annual list of questionable funds to assist units in this process. This list is designed to maximize the…

Feb 23, 2024

Can a foreign national receive an honorarium payment?

Written by Kimberly Martin, Tax Compliance Accountant. This month’s Finance Division Knowledge Base spotlight is on honorarium payments for foreign nationals. In very limited circumstances, foreign nationals in F-1 status may receive an honorarium.  For example: Foreign nationals in B-1, B-2, VWB or VTW status may accept an honorarium or reimbursement of travel expenses under…

Feb 23, 2024

Fighting Credit Card Fraud

Written by Heidi Kozlowski. Credit Card Fraud: The Facts The Federal Trade Commission reported that, in 2021, the number of fraudulent credit card transactions in the United States cost consumers and businesses over $181 million. While reporting for 2022 and 2023 is not complete, it is expected that there will be an additional 5% increase…