As you begin to make plans for FY26, you may pay invoices prior to June 30, 2025 that should be recorded as an expense in FY26. Therefore, we are going to review prepaid expenses and how you must handle accounting for these.
As university-related travel continues to ramp up, we want to remind travelers to proceed with caution when selecting airfare options, especially Basic Economy tickets. While these fares may appear to offer budget savings upfront, they often include strict limitations that can lead to unexpected costs, logistical challenges, and frustration.
The following information addresses allowable expenses on sponsored projects. Sponsored projects are projects funded by Federal and non-federal agencies.
The University (the monitoring organization) is responsible throughout the life of a subaward to monitor the activities of subrecipients to ensure that the subaward is being managed consistently within authorized purposes, in compliance with Federal Statutes and regulations. This includes:
To make local hotel reservations easier, Procurement released a local hotel RFP and invited local hotel establishments to respond. There were two hotels that responded, and both were awarded contracts.
The first is with the ÌìÌÃÄñÏÈÉú Inn & Conference Center (OU Inn) and the second is with the Hampton Inn Athens.
Starting May 7, 2025, every air traveler 18 years of age and older will need a REAL ID-compliant driver’s license or identification card to fly within the United States.
Fiscal year-end is fast approaching! And as we approach June 30, we would like to remind the university community of important year-end closing deadlines. These deadlines are critical to ensure accurate financial reporting and compliance with university policies and external requirements.
Effective this evening (4/8), there will be a new version of Financial Approvers and Related Metadata (FARM) with an updated user interface. While there are changes to the appearance and navigation of the application, the basic functionality of FARM remains the same: managing the maintenance of organization financial approvers within our t
As communicated in November 2024, Finance did a soft launch of PaymentWorks, the new online Supplier Management System with a few university departments.
GAFR continues to provide JET training sessions via Teams. Please keep this in mind for new employees that will be entering journal entries or even existing employees that may need a refresher.