AFM News

On January 19, 2021, Lori Peterson, Executive Director of AFM, announced Kyle Zumberge will be UT Austin’s tax director within AFM effective February 1, 2021. Zumberge previously served as assistant general counsel specializing in taxation in the Office of General Counsel at UT System for over 14 years. As the tax director, Zumberge will be responsible for identification, analysis, communication, coordination and resolution of all federal, state and international tax issues for all UT Austin tax filings. 

In This Issue:

• Pay Date for December Monthly Payroll
• Guidance for Workers Outside the U.S. Extended Through Spring 2021
• Routing Changes to Relocation One-Time Payments
• Payroll Services Preparing for Issuance of 2020 W-2 
• Allocation Details Enhancements Now Available
• New REIMB Field Added to VP2 and VPE
• Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

Pay Date for December Monthly Payroll

Accounting and Financial Management (AFM) is responsible for the preparation of the Annual Financial Report (AFR) every year as mandated by the State of Texas. UT Austin’s AFR is consolidated into UT System’s report along with the other UT institutions. It is prepared in according with GAAP (Generally Accepted Accounting Principles) and GASB (Governmental Accounting Standards Board).

In This Issue:

• Upcoming Financial Systems Training for October
• In Case You Missed It: Changes to Centrally Funded Pooled Fringe and Longevity Posting
• Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

Upcoming Financial Systems Training for October