FSM Revision Log

Policy Revised On
8.10 Cash Receiving
Replace procedure statements #22-29 with #22-23 due to the University’s transition to its new banking services provider. Remove attachment with country listing for foreign checks since it is no longer applicable. No change to policy.
9.10 Requisitions/Reimbursements
Update Table 1 footnote (7) to add additional guidance on business meeting expenses on summer session and international program accounts. Update the account range table to show summer session and international program account ranges under Local Accounts.
9.18 Small Dollar/Direct Purchase Procedures
Update Procedure #5 to clarify that purchases under $10,000 do not require a small business justification.
8.12 Gifts
Update to FAQ 3 to clarify when a letter is required from a faculty or staff member for contributions from which they may indirectly benefit.
8.12 Gifts
Replaced "Gift vs. Grant" Addendum with "Considerations for Routing Proposals" in order to provide more helpful guidance to the campus community on proper routing, as well as acknowledge certain factors that are not determinative. Procedures and FAQs were updated where necessary to reflect the name of the new addendum. No change to policy.
14.10 Travel Authorization
Decommissioned 14.18 Coronavirus Travel Authorization policy and transitioned the following remaining applicable portions to 14.10 Travel Authorization policy: CDC recommendations (3j), Supplemental COVID-19 Travel (12-14) and two FAQs (10 and 11). Policy change eliminates the requirement of Dean/Department Head approval for travel activity.
14.18 Coronavirus Travel Authorization
8.13 Endowments
Update to Payout Rate and Management Fee percentages effective July 1, 2021
14.18 Coronavirus Travel Authorization
9.15 Operational Advances
Minor update to procedure to clarify that either the Business Office or Recipient can initiate and fill out the Operational Advance Request Form. No change to policy.