FSM Revision Log

Policy Revised On
14.13 Meal Reimbursement
Updated Meal Reimbursement rates effective 1/9/2024 per changes to State of Arizona Accounting Manual.
6.10 Account Management
Improve definitions by adding missing and removing irrelevant terms, simplify policies and transfer applicable policy statements to FSM 2.01 Structure of the Accounting System, improve procedures, and add relevant links and related information. No change to policy.
2.01 Structure of the Accounting System
Add missing Source section, improve definitions by simplifying existing and adding missing terms, clarify policy by transferring policy statements previously included in FSM 6.10 Account Management, improve procedures, and add relevant links and related information. No change to policy.
7.01 Budget Overview
Updated to alphabetize definitions and number procedures for consistency, improve Source section, and correct reference to the Office of Budget and Planning. No change to policy.
6.11 Audit Management
Correct naming to properly refer to the Annual Comprehensive Financial Report, improve definitions, simplify procedures, and update committee name in policy statement 5 to agree with ABOR policy 3-410 revision effective 7/1/2023.
6.16 Component Unit Affiliates
Update to committee name in policy statement 6 to agree with ABOR policy 1-125 revision effective 7/1/2023.
8.20 Invoicing and Accounts Receivable
Updated to improve definitions, reflect current procedures, and correct links. No change to policy.
1.01 Guide to the Manual
Updated to provide information on the sources of University policy.
9.11 Employee Recognition
Increase benchmark amount for reasonable costs for food and refreshments, including tax and tip, from $25 to $40 per person. Remove service minimum for retirement and farewell events and clarify requirements. Update taxation table to clarify and align with IRS requirements for length of service awards. Add new FAQ regarding reasonable cost for food and beverages.
14.11 Travel Funding
Revised policy paragraph 7 to remove the in-state travel restriction for Travel Advances on state accounts.