Welcome to InFocus!

Vice President Krawitz

Among the Finance and Administration core values are honesty, trust, and ethics.  We strive to live these values by cultivating professional relationships that are authentic and open and guided by the highest ethical and legal standards.  Michael Josephson of the Josephson Institute said, “Honesty requires good faith intent to convey the truth as best we know it and to avoid communicating in a way that is likely to mislead or deceive.”  Our goal is to consistently operate every day with these values in mind so that our actions speak for themselves.     Concentrating on building regular daily habits of integrity allows us to do our work with pride, to face challenges without fear, and to move towards growth with strength.  As a division of the University of Missouri System, the way we conduct business reflects upon the University and ourselves.  As we hold ourselves accountable to the highest ethical business standards and follow through with our commitments, we do our part to drive this great organization to true success and prosperity.

Spotlight On...

Office of the Controller

The University has over 5,000 endowment accounts.  Each month Accounting Services in the Controller’s Office posts the monthly investment returns to these accounts including investment income, realized gains/losses, and unrealized gains and losses.  We receive the monthly bank statements from the endowment pool custodian each month which has the investment results for the entire endowment […] Read more

Office of the Controller

Forms W-2

A new option will be available in January to employees and former employees to access their W-2 from myHR (myhr.umsystem.edu).  Employees are familiar with viewing /printing their pay advice in myHR.  This new option for Forms W-2 will be convenient and secure.  Forms W-2 will be available in January but employees are encouraged to log […] Read more

Medicare Tax Increase

An added Medicare tax on wages in excess of $200,000 a year will take effect starting January 1, 2013 as part of the Patient Protection and Affordable Care Act.  There will be two tiers of withholding rates of Medicare tax in 2013.  Wages up to $200,000 will be taxed at 1.45 percent while amounts greater […] Read more

Account-Ability

PeopleSoft Accounts

Over the past year, a review was done by the Budget and Accounting offices across the University System to analyze the list of PeopleSoft Accounts for the purpose of eliminating redundant and unnecessary accounts.  This review was done in conjunction with the Hyperion Budgeting implementation and the end result should simplify the work done by […] Read more

Endowment Pool Spending Account

The University recently changed the Endowment Pool Spending policy in the Collected Rules.  There are several changes that include moving the measurement date for calculating the distribution from June 30 to December 31, going from annual to monthly endowment distributions, using a 28-quarter rolling average instead of a 12-quarter rolling average in calculating the distribution […] Read more

Compliance Corner

A-133 Audit

The A-133 audit is currently underway for fiscal year 2012.  We currently have four major programs that are being audited, including Student Financial Aid, Research and Development, and other smaller programs.  If you handle federally-funded sponsored projects you may be contacted for documentation to support expenditures charged to federal programs during fiscal year 2012. If […] Read more

Sponsored Programs

Grant Proposal Approval

Development of electronic workflow approval for Grants and Contracts proposal submissions is currently underway. If you administratively oversee the proposal process for your department you should be contacted by your Campus Sponsored Programs office for a list of approvers.  Begin looking for updates on progress of the project from your campus Sponsored Programs Office in […] Read more

Risky Business

Workplace Injuries & Supervisors

Supervisors are essential in managing the workplace environment and the process of injuries in the workplace.  Your involvement greatly impacts your staff and the outcome of the injury. It’s important to understand the process of handling and directing employees that may experience workplace injuries. Here are a few best practices supervisors can apply in managing […] Read more

Procurement

PCard Program’s Top 10 Reminder List

The University of Missouri’s PCard program has been an effective tool used for many years throughout the system.  This low-cost processing tool provides users the ability to make small dollar transactions as they are needed.   Procurement has developed a Top 10 Reminders list, which highlights cardholder and department responsibilities for the program.  Links to this […] Read more

Records Management

Disaster Planning Tip of the Month

The following is a guest post by Chelcie Rowell Frequency of occurring?  Rare.  Impact of occurring?  Huge.  I’m talking about digital disasters. Stewards of digital content, like stewards of analog/paper content, must plan for a catastrophe in advance in order to minimize loss and recover quickly. True, digital disasters may occur infrequently. But at the […] Read more

Vital Records Protection Programs 2012

What are vital records? Vital records include records needed to: operate the organization during a disaster re-establish the organization’s functions after a disaster, and establish and protect the rights and interest of the organization and its employees, customers and stakeholders. Disaster Recovery (DR) and Preparedness for Information Protection A vital records program identifies and protects […] Read more

Administration Information Technology Services

COMPASS Project

The Commitment, Planning and Support Systems (COMPASS) project is proud to report significant progress since the implementation of the first component of Hyperion Planning System, Financial, back in July. The next two components, Long Range Planning and Human Capital Planning, are scheduled to be available to employees beginning in November and January, respectively. A large […] Read more

Facilities Planning and Development

Policy and the Prevailing Wage

Issues relating to prevailing wage permeate the public works construction industry on a national basis.  The University of Missouri is no exception.  University policy states that, “The prevailing wages in the community where construction takes place shall be required to be paid on all construction projects for construction work” (70.060 of the Collected Rules and […] Read more

F & A - News & Updates

Top Hat Award

Francesca Oleski has defined the term shining star since her arrival on the job a little over 2 years ago.  During her interview for the Drivers position we could tell that she was someone special we needed to add to our great team.   These positions require a lot of interaction with customers while performing multiple […] Read more

Cuba Plain Celebrates her 30th Anniversary with MU

Cuba Plain, Assistant Vice President Budget Planning and Development, has been involved in higher education administration at the University of Missouri System since 1982.  She holds a B.S. in Agricultural Economics and Accounting from Oklahoma State University; 1981, M.B.A. from the University of Missouri-Columbia; 1989, and is a CPA.  Her thirty years has been spent […] Read more

CACUBO Best Practice Award 2012

Congratulations to Bobbi Walker, Ben Canlas, and Paul Toler, along with the T & E project team, for winning the very prestigious CACUBO Best Practice Award 2012 for the University of Missouri.  It is outstanding that their submission titled “Travel and Expense – The Road to a Streamlined and Efficient Implementation” and their efforts in […] Read more

Wisdom’s Corner

“To laugh often and much; To win the respect of intelligent people and the affection of children; To earn the appreciation of honest critics and endure the betrayal of false friends; To appreciate beauty, to find the best in others; To leave the world a bit better, whether by a healthy child, a garden patch, […] Read more