Tag Archives | Budget and Finance Notices

Attention University VISA Cardholders: All of the September VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On Monday, October 16 at 1 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your […]

Gifts of sentiment (flowers, greeting cards, fruit baskets, balloons, etc.) are prohibited procurement card purchases. Flowers for official university events are permitted; however, the general prohibition often triggers questions from the State Comptroller?s Office. Your cardholders? cooperation in responding to those is appreciated. Please notify the University?s PCPA, Lorraine Ziara-Denmark, at {lziaradenmark@towson.edu} of any procurement […]

Attention Cardholders: The AUGUST period has closed in the ProCard System and your VISA transactions have been posted to your budget in the FRS system. Your AUGUST VISA transactions can now only be viewed under the History function and no further changes to subcodes or accounts (Reallocation) can be made. View the transactions on FRS […]

Attention University VISA Cardholders: All of the AUGUST VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On Friday, Sept. 15 at 1 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your […]

Please notify the University?s PCPA, Lorraine Ziara-Denmark at {lziaradenmark@towson.edu} of any procurement card transaction from your cardholders? July logs that is not in compliance with the procurement card program?s requirements by Friday, Aug. 25. A receipt or invoice is required for every transaction (purchase or credit) on a procurement cardholder?s statement. If a receipt is […]

Attention University VISA Cardholders: All of the JULY VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On TUESDAY, AUGUST 15th at 1 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your […]

Message from Financial Services Regarding Change in Meal Reimbursement Rate: Effective July 1, 2006, the standard and high cost meal reimbursement rate for dinner will increase by $2.00. Rates for breakfast and lunch will remain the same. Reimbursable meal per diem rates for FY2007 are: ………………..Standard……..High Cost Breakfast…….$8.00…………..$8.00 Lunch…………$10.00…………$12.00 Dinner………..$23.00…………$26.00 Total…………$41.00…………$46.00 The mileage reimbursement rate […]

Message from Financial Services Regarding Change in Meal Reimbursement Rate: Effective July 1, 2006, the standard and high cost meal reimbursement rate for dinner will increase by $2.00. Rates for breakfast and lunch will remain the same. Reimbursable meal per diem rates for FY2007 are: ………………..Standard……..High Cost Breakfast…….$8.00…………..$8.00 Lunch…………$10.00…………$12.00 Dinner………..$23.00…………$26.00 Total…………$41.00…………$46.00 The mileage reimbursement rate […]

Attention Cardholders: The JUNE period has closed in the ProCard System and your VISA transactions have been posted to your budget in the FRS system. Your JUNE VISA transactions can now only be viewed under the History function and no further changes to subcodes or accounts (Reallocation) can be made. View the transactions on FRS […]

Attention University VISA Cardholders: All of the JUNE VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On WEDNESDAY, JULY 5th at 1 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your […]

Please notify the University?s PCPA, Lorraine Ziara-Denmark at {lziaradenmark@towson.edu} of any procurement card transaction from your cardholders? May logs that is not in compliance with the procurement card program?s requirements by Tuesday, June 27. It?s the law: Furniture must be purchased from Maryland Correctional Enterprises (MCE). If your procurement card purchase is for furniture from […]

Attention Cardholders: The MAY period has closed in the ProCard System and your VISA transactions have been posted to your budget in the FRS system. Your MAY VISA transactions can now only be viewed under the History function and no further changes to subcodes or accounts (Reallocation) can be made. View the transactions on FRS […]

Year-End Close Effect on University Corporate Visa Cardholder Transactions: The Corporate VISA Procurement Card Program is affected by the university’s fiscal year end closing procedures. Cardholders MUST adjust their use of the credit cards in order for purchases to be included in the current budget year. 1. STOP USING THE PROCUREMENT CARD SEVERAL DAYS PRIOR […]

Year-End Close Effect on University Corporate Visa Cardholder Transactions: The Corporate VISA Procurement Card Program is affected by the university’s fiscal year end closing procedures. Cardholders MUST adjust their use of the credit cards in order for purchases to be included in the current budget year. 1. STOP USING THE PROCUREMENT CARD SEVERAL DAYS PRIOR […]

Year-End Information: Financial Services periodically publishes a newsletter pertinent to Accounts Payable, Accounting Issues, Business Travel, Working Fund Announcements, Payroll notices, ProCard messages, and Financial Systems month-end and fiscal year-end close information. {http://wwwnew.towson.edu/adminfinance/FiscalPlanning/FinancialServices/documents/06-JUN06_news.pdf} The June 2006 issue includes information on the following: – Invoice Deadlines – Travel/Working Fund Deadlines – Transfer Deadlines – Payroll Accruals […]

FINANCIAL SERVICES: Receiving Deadline: June 30, 2006 Goods or services that were ordered via purchase order and received on or before June 30, 2006 will be charged to FY 2006. Please note, if a department receives merchandise directly in its office, it is responsible for notifying the Receiving Department. If the department fails to notify […]

Year-End Close Effect on University Corporate Visa Cardholder Transactions: The Corporate VISA Procurement Card Program is affected by the university’s fiscal year end closing procedures. Cardholders MUST adjust their use of the credit cards in order for purchases to be included in the current budget year. 1. STOP USING THE PROCUREMENT CARD SEVERAL DAYS PRIOR […]

Please notify the University?s PCPA, Lorraine Ziara-Denmark, at {lziaradenmark@towson.edu} of any procurement card transactions from your cardholders? April logs that is not in compliance with the procurement card program?s requirements by Monday, June 5. Ensure that your procurement card purchases are included in Fiscal Year 2006. Make all purchases by June 16. There is no […]

Attention Cardholders: The APRIL period has closed in the ProCard System and your VISA transactions have been posted to your budget in the FRS system. Your APRIL VISA transactions can now only be viewed under the History function and no further changes to subcodes or accounts (Reallocation) can be made. View the transactions on FRS […]