Procurement Services Newsletter—Winter 2023
This quarterly newsletter is sent to Procurement Services customers to provide announcements and updates regarding ongoing initiatives and procedures.
Tally Thrasher named U-M’s chief procurement officer
Read U-M's FY 2022 Annual Report
U-M COVID-19 Response website—Learn more
Fluid Time Reporting—Learn More
FY 2022-2023 U-M Budget
Each spring, Enterprise Financial Planning & Analysis begins gathering data from all areas of the university to produce a comprehensive and detailed budget report for use by the university community and general public. The FY 2022-2023 budgets, which were approved by the Board of Regents in June, have now been published and distributed following the September Board of Regents meeting.
There are currently two different versions of the budget available at the following links:
Quasi-Endowment Update
This email was sent to all deans, directors, and department heads and financial unit liaisons as well as members of BAG and VP-BAG. |
Facilities and Administrative Rates for Federal Sponsored Programs
Following is an important update about the university's Facilities and Administrative (F&A) Rate Agreement for federal sponsored programs.
We recently completed negotiation of a four-year extension to our current rate agreement that continues our existing rates through June 30, 2024. The extension also allows use of these rates as provisional for periods after June 30, 2024, until our next rate agreement is negotiated.
FAQ for New COVID Program Code
As you know, a new program code—COVID—was created within M-Pathways for units to identify incremental costs (i.e. additional costs above and beyond those expected to be incurred under normal operations) associated with the university's response to the COVID-19 pandemic. In addition, this program code can be used for incremental revenue and revenue adjustments (e.g. refunds).