Procurement Services has released an update regarding implementation of the new Uniform Guidance requirements for the department.
More about Uniform Guidance.
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…
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.
Sign up for the Procurement ListServ to receive the latest information on updates to policies and procedures. In order to register, please go to https://listserv.uconn.edu and find the ‘PROCUREMENT_SERVICES-L’ listserv. Click the link and follow the instructions to register.
February 7 2013 – The Purchasing Card User’s Manual has been updated to reflect new purchasing and spending limits. Please click here to access the User’s Manual.
March 22 2013 – The Purchasing Card User’s Manual has been updated to reflect new procedures due to the implementation of Kuali Financial System (KFS). Please click here to access the updated User’s Manual.
May 28 2013 – The Purchasing Card User’s Manual has been updated to reflect changes to acceptable Purchasing Card uses. Please click here to access the updated User’s Manual.
New to HuskyBuy? The Stationery HuskyBuy Training Video demonstrates how to use our new Stationery HuskyBuy punch-out site. Click here to watch the video.