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November and December 2023 updates: One new expenditure type, two new object codes, and two changes to existing object codes.

Two new object codes, one new financial statement line, and two changes to existing object codes (see second to last section).

This newsletter focuses on general tax compliance considerations and provides a framework for paying individuals, and then dives deeper into several unique higher education activities that we manage.

Updated text for 52210 - Employee Gifts and 52240 - Employee Morale

Clarified expenditure type use for the purpose of a business meal or employee morale meal.

Updated close and reconciliation dates for Blackline through 2024.

Updated: Changes to Existing Expenditure Types and Object Codes for September 2023.

Added information on property tax exemption and tax-exempt bond financing.

Updated: "New Object Codes" and "Changes to Existing Expenditure Types/Object Codes" sections.

The Office of the Treasurer (OOT) within Financial Management Services (FMS) is supporting improvements to how cash and checks are deposited and developing enhancements that are being rolled out across the university. These changes primarily affected CASHNet processes used by the campus community... This project involves identifying and implementing system and/or process solutions for all deposit streams currently relying on the CASHNet system.