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2018 Tax Changes Affect Parking Decals

Published: Feb 27th, 2018

The Tax Cuts and Jobs Act passed by Congress in December 2017 affects employer-provided qualified transportation fringe benefits, including workplace parking plans. Employee parking costs in 2018 are no longer a deductible expense, meaning they are subject to Social Security (or FICA Alternative for participating employees), Medicare and Federal withholding taxes.

Internal Controls

Published: Sep 26th, 2017

Internal controls protect the university and those employees with a fiduciary responsibility.

Changes to UF Policy Regarding Unencumbered Payments, Quoting and Purchase Order Threshold

Published: Aug 28th, 2017

UF Controller Alan West named chair of Florida Institute of CPAs

Published: Jul 13th, 2017

This month’s issue of Florida CPA Today features UF Controller Alan West, who was recently installed as chair of the Florida Institute of Certified Public Accountants (FICPA). West is the first chair of the FICPA to come from higher education.

CFO Division Employee Scholarship

Published: Jun 21st, 2017

All eligible employees are reminded to take advantage of the opportunity to apply for the CFO Division Employee Scholarship for the Fall 2017 semester. The scholarship is not need-based, and you are still eligible even if you are receiving other scholarships.

Annual Fraud Awareness Reminder

Published: Jun 8th, 2017

As UF employees, we are all responsible for safeguarding the University’s valuable financial resources. Every member of the University community has the responsibility to report any actions or activities of concern.

Material & Supply Fees/Equipment Use Fees

Published: May 24th, 2017

Applications to establish or adjust Material & Supply Fees and Equipment Use Fees for the Spring 2018 Term are now being accepted. All departmental requests should be submitted no later than Tuesday, September 5, 2017 and Dean’s approvals by Tuesday, September 12, 2017.

Proposed 2017-2018 Fringe Benefit Pool Rates

Published: Apr 26th, 2017

The University has calculated the new proposed pooled fringe rates for fiscal year 2017-18 and has submitted them to the U.S. Department of Health and Human Services. Although we do not expect any objections, the proposed rates are subject to DHHS approval and should be used with that understanding in your planning for fiscal year 2017-18. The rates, when approved, will be effective July 1, 2017.

2016-2017 Fiscal Year-End Closing

Published: Apr 25th, 2017

The 2016-17 fiscal year ends on June 30, 2017. The scheduled date for closing the General Ledger for the 2017 fiscal year is Thursday, July 13,

New Employee Reimbursements Policy

Published: Apr 14th, 2017

The following is a new policy for employee reimbursements related to the existing University Disbursements directives. The goal of this policy is to better clarify the University’s guidelines for other employee reimbursements – those that do not involve travel or business hosting.