Viewing: Financial Focus

Procurement process demystified

By on June 7, 2017

What do cadavers, an equine treadmill and a telescope that now lives in the Canary Islands have in common? UF Procurement Services played a large part in acquiring all of the above items for the university—but its role and the benefits it provides to the community go beyond purchasing.

PrintSmart Convenience Fee Reduction for Xerox 8900

By on April 5, 2017

In response to your feedback regarding the cost of the convenience fee for the 8900, UF Procurement and Xerox have mutually agreed to amend the convenience fee on the model 8900 to match that of the 6605.

IRS Form W-4 “exempt” status expires Feb. 15

By on February 1, 2017

If you claimed “exempt” from withholding tax on your W-4 for 2016 and want to renew your exemption claim for calendar year 2017, you must update your W-4.

Self-move mileage reimbursements decrease slightly this month

By on January 11, 2017

Beginning January 1, the standard mileage rate for moving purposes decreased two cents to 17 cents per mile.

Help protect UF from fraud

By on December 7, 2016

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.

Social Security taxable wage base announced for 2017

By on November 2, 2016

In 2017, the Social Security wage base will increase to $127,200, up $8,700 from the 2016 wage base. The maximum Social Security tax employees and employers will each pay in 2017 is $7,886.40 ($127,200 x 6.2%).

UF Procurement Services honored for third consecutive year

By on September 6, 2016

UF Procurement Services has been awarded the prestigious 21st annual Achievement of Excellence in Procurement Award (AEP) for 2016 from the National Procurement Institute (NPI). This is the third consecutive win for Procurement Services.

UFIRST to host Open Lab Tuesdays

By on September 6, 2016

UFIRST Open Labs provide an opportunity to get one-on-one help and answers to your questions about the UF Integrated Research Support Tool. In order to best meet the needs of the campus community, UFIRST open labs will now be offered at a variety of locations and times. No registration is required. Review the schedule to find a session that’s convenient for you!

Recently enacted bill changes travel cost maximums for certain travel

By on September 6, 2016

The 2016 Florida Legislature recently enacted House Bill 5003, which mandates that costs for lodging associated with a meeting, conference, or convention organized or sponsored in whole or in part by a state agency or the judicial branch may not exceed $150 per day.

Tuition Exchange Scholarship Program offers possibility of more affordable higher education

By on September 6, 2016

The Tuition Exchange Scholarship Program (TEP) provides the opportunity for dependent children of the University of Florida’s full-time employees (excluding OPS employees) to attend a participating Tuition Exchange college or university at a significantly reduced tuition rate.

Applications to participate in UF’s Research Administration & Financials Training (RAFT) Level One Cohort due Aug. 19

By on August 2, 2016

UF’s Division of Sponsored Programs and Contracts & Grants will once again offer a professional development series that provides research administrators throughout the university with “a lifeline” to the research community. Designed for research administrators with one year or less

Does your department sell goods or advertising, provide services, or rent equipment/space to customers?

By on August 2, 2016

If so, you may be generating unrelated business income (UBI) and be subject to an annual reporting requirement and potential taxes. This year’s Unrelated Business Income Training will be held at 1:30 p.m. on Thursday, Aug. 18, in the L. Vernon Voyles Room, 201 Criser Hall.

Procure2Pay Workshop illuminates UF purchase order and invoice processes

By on August 2, 2016

Don’t miss this opportunity to ask the questions you’ve always wanted to ask about how purchase orders in myUF Market and invoices in myUF Payments work together. Presented by core office staff from both UF Procurement Services and Disbursement Services,

UFIRST Awards system now available

By on July 6, 2016

The UFIRST Awards system is now live. All active awards have been converted and are now available for viewing and management. All new awards as well as modifications to awards requested (including no-cost extensions, supplements, PI changes, incremental funding, etc.) must now be processed in UFIRST.

Cost-per-print increase among changes coming to PrintSmart in August

By on July 6, 2016

Beginning Aug. 1, the cost-per-print under the PrintSmart program will increase 5 percent, from .0137 to .0144 for black and white and from .0470 to .0494 for color. However, UF will continue to realize significant savings even with this increase, with costs remaining below benchmarked costs for similar programs.

New catering protocols, improved system began July 1

By on July 6, 2016

A new streamlined system is making it easier than ever for campus units to secure catering services, and offers units a wider variety of caterers from which to choose. The University of Florida’s Approved Caterer Program went into effect on July 1 and impacts all caterers providing food services (including alcoholic beverages, when applicable) for events on campus.

Material and supply fee requests now being accepted

By on July 6, 2016

Applications to establish or adjust material and supply fees as well as equipment use fees for the spring 2017 semester are now being accepted. All departmental requests should be submitted no later than Wednesday, Sept. 7, and dean’s approvals are due Wednesday, Sept. 21.