The Office of the Vice President, Chief Financial Officer, and Comptroller announces an open comment period for a group of related policies, including the new 13.7 ICR Funds Overview, and updated 22.1 Self-Supporting Funds Overview, 22.2 Self-Supporting Excess Funds, and 22.3 Self-Supporting Funds Deficits from June 4, 2024 to June 10, 2024. Please visit the Open Comment page on the Business and Finance (BusFin) website to review the proposed changes and provide feedback.
Highlights Include:
13.7 ICR Funds Overview
- Guidelines for ensuring indirect cost recovery funds (ICR) are properly accounted for in Banner.
22.1 Self-Supporting Funds Overview
- Guidelines for ensuring self-supporting funds (SSFs) are properly accounted for in Banner.
22.2 Self-Supporting Excess Funds
- Guidelines for ensuring excess funds from 3J and 3Q SSFs are properly accounted for in Banner.
22.3 Self-Supporting Fund Deficits
- Guidelines to properly resolve a cash deficit within an SSF on a timely basis.
Contact
If you have questions about the policy updates, please contact the CFO Business and Finance Policy Office at obfspolicies@uillinois.edu.
