Author: Procurement

Partnership With New Travel Booking Agency

The University of Connecticut and the UConn Health Center recently joined forces to pool spend and negotiate a new travel services contract that will be the University’s sole preferred vendor providing a friendlier on-line booking tool with lower transaction fees. Sanditz Travel Management of Middletown, Connecticut, our identified partner of interest, will partner with UConn/UCHC commencing on January 1, 2014 to help us continue to strive to reduce travel costs while increasing efficiency and maintaining the continuity of our day-to-day business operations.  More…

Purchase Order Amendment Workflow KFS Enhancement

A new enhancement has been made and released to the UConn KFS environment that will give the Fiscal Officers the opportunity to Approve/Disapprove amendments to Purchase Orders which affect their accounts.
This enhancement will send the amendment to the Fiscal Officers action list, which you may already have seen. Fiscal Officers will be able to review notes, changes and associated support documentation that the Procurement Services team member has initiated. The only changes that the Fiscal Officer will be allowed to make is to the accounting information within the submitted document. The existing rules governing the original PO edoc will remain in place, just as with any other KFS document, where an FO can only change the account to one that they own. If other changes are needed, the FO will need to disapprove the document with a note back to the Purchasing Department as to why it is being disapproved.
Since the Purchase Order Amendment is a new document to the Fiscal Officer, this communication will show what the document looks like and the actions that can be taken by the FO.

For more information, please Download PO Amendment Announcement

Posted in KFS

Revised Encumbrance Policy

Updated March 2013

The current University Carry Forward Policy allows a Unit/Organization to carry forward its Budget Balance Available/Variance up to a maximum of 2.5% of its Annual/Current Budget of University Supported accounts (Ledger 2).

The current Encumbrance Policy permits a Unit/Organization to carry forward its year-end, non-payroll encumbered Purchase Orders (P.O.s) into the new fiscal year. This holds true for all accounts. In addition, this policy allows University Supported accounts (Ledger 2) to carry forward the budget for these encumbered P.O.s into the new fiscal year.

A revision has been made to the current policy. This revision affects University Supported accounts (Ledger 2) only.

Effective immediately, a Unit/Organization will be allowed to carry forward the equivalent budget for carried forward P.O.s only to the extent the entire carry forward budget (Encumbrance and Budget Balance Available/Variance) is under the 2.5% carry forward cap.

If the University Supported encumbrances exceed 2.5% of a Unit/Organization’s Annual/Current Budget, the Unit/Organization will be limited to carry forward an encumbrance budget of only 2.5% of its Annual/Current Budget regardless of the total encumbrance being carried forward. In addition, no Budget Balance Available/Variance carry forward will be allowed.

Encumbrance carry forward budget will be provided in the same manner as in the past. However, if the Unit/Organization’s encumbrances exceed the 2.5% cap, the excess will be taken away from the carry forward account.

If you believe that you have a valid reason to carry forward encumbrance budget above the 2.5% cap, please send a request for additional encumbrance budget carry forward with justification to your budget analyst and the Provost’s Office or the office of the Executive Vice President for Administration & Chief Financial Officer.