Greetings and welcome to the 40th issue of the
Financial Management Newsletter!
This issue includes information about the following:
* NIH Announces Pilot Changes for Tuition, Fees and Health Insurance for NRSA Awards
* Process and Pricing Changes to Credit Card Charges for Tuition and Fees
* Grant and Contract Advance Requests Via Email!
* Learn About the University's Endowment!
* New FEC Follow-up Process
* Travel: Small Increase in Boersma Booking Fee
**********************************************************************
NIH Announces Pilot Changes for Tuition, Fees and Health Insurance for
NRSA Awards
NIH recently announced pilot changes to the Ruth L. Kirschstein NRSA
awards. The changes are applicable to Institutional Training Grants (T32,
T34, & the NRSA portion of the T90s), Individual Fellowships (F30 through
F33), and other grant mechanisms covered under NRSA authority. The
changes impact how reimbursements are calculated for tuition & fees,
health insurance, facilities and administrative costs as well as
rebudgeting authority. They are applicable to new awards beginning in FY
2007 (starting 10/1/06). Evaluation of this pilot program will take place
in early 2010 with a final policy expected in July 2010.
See http://grants.nih.gov/grants/guide/notice-files/NOT-OD-06-093.html for
full details or contact GCA at gcaques@u.washington.edu.
********************************************************************
Contract and Pricing Changes to Credit Card Charges for Tuition and Fees
Due to rising processing costs and challenges with the former process
for accepting credit cards for tuition and fees, Student Fiscal Services is
now contracting with NOVA (owned by US Bank) for this service. NOVA will
charge $64.25 to process each payment. The process using a credit card
will be the same and the payors will be informed of the fee amount prior
to completion of the transaction.
Students will still have several free payment options. These
include using Webcheck on MyUW at http://myuw.washington.edu, mailing a payment, or
making an in-person payment in Schmitz 129.
For additional information, please contact: Andrew Monusko at monusko@u.washington.edu (206-616-7070) Sandie Rosko at sandier@u.washington.edu (206-685-3517)
*******************************************************************
Grant and Contract Advance Requests Via Email!
Departments are now welcome to submit requests for Advances via
email! A completed advance form should be included as a PDF attachment to
the request. Advance procedures can be found in GIM9 at:
http://www.washington.edu/research/osp/gim/gim9.html
Please note the following signatures must be included: PI, and the
Chair or Dean. Also, to prevent potential Retroactive Salary Transfers,
requests should be submitted prior to the payroll cutoff dates. For
questions, please contact Tami Sadusky tamis@u.washington.edu
(206-543-8952).
*******************************************************************
Learn About the University's Endowment!
If you are interested in learning more about the University's endowment,
sign up for this new class being offered through UW Professional and
Organizational Development (formerly T&D).
This course is designed for administrators, fundraising staff, and others
who work with endowments invested in the University's Consolidated
Endowment Fund (CEF). Content covers the endowment process, from the time
funds arrive at the University to the distribution to the department, to
stewardship reporting. Explore how the CEF is invested and the legal
obligations for spending endowment distributions. Participants receive a
model for projecting endowment cash flows.
The next class is offered Monday, November 5, 12:30PM-4:30PM.
To register, please go to:
http://www.washington.edu/admin/hr/pod/catalog/gen/1/Q0810.html
For questions about the class, please contact Ann Sarna at 206-616-1145
or anyasar@u.washington.edu.
*********************************************************************
New FEC Follow-up Process
Information was recently sent to departments about the new Faculty
Effort Certification (FEC) follow-up process. The calendar for both the
quarterly and semi-annual FECs is now available on the FEC website. All
relevant dates for printing the FECs, due dates and the schedule for the follow-up
notices will be updated on this site for every cycle. You may view this
information at: http://www.washington.edu/research/maa/fec/
For additional questions, please contact Suzette Ashby-Larrabee at
suzette@u.washington.edu (206-685-7395).
**********************************************************************
Travel: Small Increase in Boersma Booking Fee
As a result of the airlines imposing a mandatory booking fee that was
effective September 1, 2006, the State of Washington has granted Boersma
Travel Services a $2.55 per booking fee increase. The new fee of $7.55 is
effective October 1 through December 31. The current $18.00 fee for agent
assisted booking will not increase. Between now and December 31, the
State will be working to secure a new on-line travel agency contract.
For additional questions please contact traveluw@u.washington.edu or
Teresa Crisostomo at 206-685-9328.
*************************************************************************
|