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Finance News

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

Jan 3, 2023

Student Account Representatives in UCO

Written by Hannah Souder. With the recent passing of the Spring billing due date (December 6) comes an influx of questions regarding billing, payments, and more. Student accounts representatives in the Cashier’s Office work diligently to help answer and troubleshoot any questions and concerns students or parents may have.  This hardworking team not only works…

A cup of coffee, sticky notes, pen, cell phone and tablet on a wooden table. The cell phone and tablet have the Finance Division Knowledge Base open.

Jan 3, 2023

What’s the difference between a class drop and a withdrawal?

Written by Hannah Souder. Here in the Cashier’s Office, we get many questions surrounding class drops and withdrawals. These terms may seem like they mean the same thing, but they follow a very different schedule and could have very different consequences when it comes to the university.  Let’s look at each of these terms:   A class…

Vendors and employees visit the booths at the MarketPlace Expo.

Dec 1, 2022

11th Annual Marketplace Expo Recap

Written by Eric Shifflet. Procurement & Business Services recently hosted the 11th Annual Marketplace Expo. This year, we had our second highest attendance with 517 people registering for the Virtual Expo, in-person event or both. Our supplier representatives were impressed by the turn out and they enjoyed the time they spent discussing their products and…

The interior of the Talley Student Union, which is displaying a large "Welcome Home" banner.

Dec 1, 2022

Gearing Up for Spring Semester

Written by Hannah Souder. With the 2023 spring semester fastly approaching, it’s a crazy time here in the University Cashier’s Office. From ensuring that all students have been billed correctly for the upcoming term, to preparing for an influx of international and domestic fund transfers, our entire staff have been working harder than ever!  Oftentimes…

A woman slides her credit card at a store POS system to make a payment.

Dec 1, 2022

Collecting Credit Card Payments at Events

Written by Heidi Kozlowski. Is your department at NC State planning an event? Is your department planning on selling t-shirts or other small items and you are unsure how to collect the funds? Since NC State went fully cashless, the Controller’s Office has created a POS (Point of sale) loaner program that would allow you…

A tablet, phone, passport, airplane ticket, and other travel supplies sit on a wooden table.

Nov 30, 2022

International Travel on Sponsored Projects

Written by Justo Torres. If you are a department of college grant manager or research administrator, you have probably encountered the scenario where a principal investigator asks the following question: “Can I travel internationally on my contract or grant?” On one hand, if you say no, you may be limiting research and grant activity without…

Wooden blocks on a blue background that spell out 2024 BUDGET. The final block is rotating to change from 3 to 4.

Nov 30, 2022

FY 2024 Endowment Spending Budgets

Written by Emily Lowman, Director of Information Management. Foundations Accounting & Investments (FAI) calculates 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 2024. Budgets will be communicated…

Lori Johnson, former University Controller at NC State University

Nov 30, 2022

Celebratory Farewell to the University Controller!

Written by Arianna Williams. The University Controller’s Office would like to announce and celebrate the retirement of Lori Johnson, the university’s Controller, who has served at NC State for over 20 years. In her role, Lori has provided leadership for the University Controller’s Office and University Payroll and has ensured the accounting and reporting of…

A cup of coffee, sticky notes, pen, cell phone and tablet on a wooden table. The cell phone and tablet have the Finance Division Knowledge Base open.

Nov 30, 2022

Did You Know? NC State is Exempt from State Sales Tax

Written by Andrew Coats. Did You Know that NC State is Exempt from State Sales Tax? Yes, as a state agency, the university is exempt from North Carolina sales and use tax for qualifying purchases.  The following items are not exempt from state sales and use tax: Prepared food and beverage taxes levied and administered…

A diverse group of teammates hold out their hands and join them to show unity.

Nov 6, 2022

Fostering a Positive Work Environment

Written by Hannah Souder. The University Cashier’s Office holds a quarterly staff meeting to showcase the accomplishments of our team and includes a brief on upcoming and important to-dos and updates regarding student financials. Often incorporated in these meetings are team bonding and strength building exercises to support a communicative and positive work environment.  Our…