Business Matters

The federal government requires that the university, as a recipient of federal monies, processes any necessary cost transfers/accounting corrections within 90 days of the original transaction date. To ensure that we were compliant, the University has operated under the 60 day rule.

BobcatBUY will be down for 23.1 release maintenance from Friday, March 17th 9:00 PM until Noon on Sunday, Marth 19th.

Locally and nationally, supply chain issues have seen some improvement. The backlog of container ships into major U.S. ports has not resolved but has improved significantly from this past summer. Many sectors are still struggling to fill positions but, in some industries, we are starting to see some downsizing/layoffs activity.

With the current fiscal year underway, now is a good time to review your purchase order activity and clean up any spent or old PO’s you no longer need.  When completing this review, please ensure that you have paid all invoices for products or services that you have received.

Now that we have been with the new payment card program through the Bank of America for about six months, we wanted to review the most common policy violations we are seeing and provide reminders about the requirements. Contrary to popular belief, we are not out to close payment cards.

Ohio University has rental car agreements that extend discounts to university employees for leisure (personal) travel. You CANNOT access these discounts in Concur.

UPDATE: On Monday, December 8th, the Department of Homeland Security announced they will delay the REAL ID deadline to May 7, 2025  ( https://www.dhs.gov/news/2022/12/05/dhs-announces-extension-real-id-full-enforcement-deadline

There are many requirements to effectively manage a grant. Grants Accounting has complied a Top 10 list for grants management:

1. Know and understand the award terms and conditions. Communicate restrictions or special terms to the appropriate parties to ensure compliance.