Financial Management Operational Guidelines
What's New
10/14/2011: Revised the Appendix A - Current Authorized Lab Fees, Amount, Courses and Account Numbers spreadsheet (revision date 10/13/11) - Laboratory Fees
09/19/2011: Added second certification requirement for all third-party internet processors. Departments must also ensure vendors are certified as compliant with Payment Card Industry Data Security Standards (PCI DSS) - Cash Handling and Management
08/30/2011: Revised the Facilities and Administrative (F&A) rates, effective September 1, 2011 through August 31, 2015. - Grants and Contracts Accounting Practices
08/17/2011: Multiple changes made. See Revision History section for details - Travel Reimbursement
08/03/2011: Published new guideline - Accounting Treatment of Gifts
Section 1: Internal Control
- Internal Control Overview (statement)
- Control Environment (statement)
- Risk Assessment (statement)
- Control Activities (statement)
- Information and Communication (statement)
- Monitoring Activities (statement)
Section 2: Data and Systems Integrity
- Security Access Management and Control: Texas Comptroller of Public Accounts - Fiscal Management System
- Financial Information Access and Security - DEFINE Access
- DEFINE Annual Certification
- Red Flag Rules
Section 3: Fund Accounting Principles
Section 4: General Accounting
- Year-End Closing and Accounting
- Auxiliary Enterprise Administrative Overhead Charge
- Accounting Treatment of Gifts
Section 5: Capital Project Accounting
Section 6: Accounting for Grants and Contracts
- Grants and Contracts Accounting Practices
- Establishment and Financial Management of Authorized Service Centers and Specialized Service Facilities
- Accounting for Cost Sharing
- Cost Accounting Standards
Section 7: Non-Payroll Disbursements
- Texas Prompt Payment Law
- Purchase Order Payment Request (VP1)
- Payment Voucher (VP2)
- Business Related Hospitality and Entertainment Expenditures
- Memberships Paid by University Funds
Section 8: Payroll and Fringe Benefits
Section 9: Travel
Section 10: Budget Planning & Development
- Financial Aid Set Asides
- Budget Maintenance
Section 11: Cash and Investments
- Cash Handling and Management (Cash, Checks and Credit Cards)
- Petty Cash Funds Policy
- Returned Checks
Section 12: Revenue
Section 13: Accounts Receivable
Guidelines for section 13 are currently being written and are not yet posted.
Section 14: Property and Equipment Management and Control
Section 15: Administrative Systems (DEFINE) and Management Reporting
- DEFINE and UTDirect Systems
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