WELCOME!
In this Open Comment Period we present three proposed additions to the OBFS Policy & Procedures Manual - Section 2: Agency Funds. Two of these proposed additions - Process a Transaction between the University and the Owner of an Agency Fund and Expend Agency Funds on Behalf of Owner are new topics for the section. All three processes apply to General Purpose agency fund type 9D.
Process a Transaction between the University and the Owner of an Agency Fund:
- Establishes parameters for procurement transactions, expenditures using TEM, and Non-Resident Alien payments. Also establishes requirements for remitting sales tax on purchases using agency funds.
Expend Agency Funds on Behalf of Owner:
- Establishes mechanisms for one party in a University of Illinois/owner agency relationship to provide support to, procure goods/services from, or collaborate with the other party.
Update: Polices for Managing Fund Type 9D Funds
- Provides guidance regarding money held for individuals.
Policies included in the open comment period:
Process a Transaction between the University and the Owner of an Agency Fund
Expend Agency Funds on Behalf of Owner
Update: Polices for Managing Fund Type 9D Funds
To leave feedback, please use the "Add Comment" link below. On the next screen, choose the "Sign in with my NetID" option and log in with your University credentials. Comment moderation is enabled. Your comment will not appear until approved.
You may also submit a comment without posting to the feedback board by contacting obfspolicies@uillinois.edu.
