Dear Colleagues, Effective September 1, 2025, the maximum allowable meal rates for entertainment and business meeting expenses have increased by approximately 10% in response to rising food prices. New Maximum Per-Person Rates Breakfast: $34 Lunch: $59 Dinner: $103 Light Refreshments: $24 These rates apply to all entertainment and business meeting meal expenses incurred on or...

Business & Financial Services (BFS) Insider News delivers key updates and activities related to financial systems, reports, and business processes.

Dear Colleagues, Please share with your teams as appropriate. Business & Financial Services (BFS) has introduced a new process for requesting Fixed Price Award Balance transfers. Key highlights of the new process: Guidance and key criteria are available on the Fixed Price Award Balances webpage. A request form is now available and can be accessed...

Dear Colleagues, This is a follow-up to our earlier notice: the Monthly (MO) Payroll file for August has now been successfully uploaded into the Project Portfolio Management (PPM) module in September period. What this means: September Reports utilizing PPM data (e.g., PI Summary, Inception-to-Date, and other reports pulling directly from PPM) will include the August...

Dear Colleagues, Please share with your teams as appropriate. I am writing to inform you of upcoming changes to Looker-Finance effective July 22, with additional updates planned for a future release. These enhancements are designed to improve clarity and support more detailed financial reporting. Scheduled for July 22 – Key Changes Renamed Fields & Groupings...

Dear Colleagues, The issue identified this morning that caused auto-rejections of requisitions, purchase orders, and change orders with a 6/30/25 budget date has been resolved. To ensure your transactions are included in the Year-End Carry Forward Process running tomorrow morning, please resubmit and approve any rejected or pending requisitions, POs, and change orders as soon...

Dear Colleagues, Business and Financial Services is pleased to announce enhancements to the UCR Department Report for AP Invoices report. Department users will receive direct email notifications related to specific Invoice Holds as part of the report update. This enhancement aims to streamline communication and provide a comprehensive listing of invoices requiring user action to...

Dear Colleagues, July and August 2024 month end ledgers are now officially closed. The related Financial Transaction Detail Reports (FTDR) and Prime PI Summary reports for 2024-07 and 2024-08 have been published and are available in R’Space under the Tools section “ Financial Web Reports”. Some notes and reminders about the July and August reports...

Dear Colleagues, Thank you for your patience as we worked through the first fiscal closing on Oracle. The June 2024 Period 13 (formerly 998) fiscal year end ledgers are now officially closed. The related Financial Transaction Detail Reports (FTDR) and Prime PI Summary reports for 2024-06_Period 13 Final have been published and are available in...