AFM News

AFM Newsletter for September 30, 2021

Sept. 30, 2021

In This Issue:

  • Financial Reporting Resources to Save and Share
  • In Case You Missed It: Financial Fundamentals Self-Paced Course Now Available
  • Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

Financial Reporting Resources to Save and Share

In an effort to assist those in financial roles across campus, the askUS team recommends the three financial reporting resources below to save and share with others.

Financial Reporting Resources to Save and Share

Sept. 29, 2021

In an effort to assist those in financial roles across campus, the askUS team recommends the three financial reporting resources below to save and share with others.

Costing Allocation Deadline – August 31st

Aug. 25, 2021

All costing allocation changes must reach final approval in Workday by noon on August 31st in order for the corresponding cost transfer to be processed in the current fiscal year.  Any costing allocation changes final approved after this deadline will be included in cost transfers processed on Tuesday, September 7th as a prior year cost transfer.

TRS Employee Contribution Changes

Aug. 25, 2021

The TRS employee contribution rate will increase from 7.7% to 8.0% for all eligible employees beginning with the September 1, 2021 pay check.  This rate increase was approved during the 2019 Texas Legislative Session and includes a rate increase each year until 2024 when both the employee and employer rate will be 8.25%.

Financial Fundamentals Self-Paced Course Now Available

Aug. 25, 2021

Financial Fundamentals is the latest course in the askUS Self-Paced Learning series. The new self-paced course provides anyone new to UT financial systems with the foundational concepts necessary for performing the tasks of a document initiator, approver, or viewer of financial-related data.

Database Maintenance Planned for August 29

Aug. 25, 2021

On Sunday, August 29, at 7:30 a.m., ITS will begin a database maintenance cycle which is scheduled to last until Monday, August 30, at 7:30 a.m. While most systems will remain available during the maintenance window, users may experience intermittent disruptions and outages when attempting to use the services and applications listed below. Whenever possible, users are encouraged to delay accessing these systems until the maintenance window closes.

Fiscal Year 20-21 Year-End Close Approaches

Aug. 25, 2021

The 2020-2021 fiscal year will close on Friday, September 3. The voucher processing deadlines, including cash receipts, costing allocation changes, interdepartmental transfers, departmental entries and more, have been established and published. Please process documents as early as possible to avoid the year-end rush.

AFM Newsletter for July 29, 2021

July 29, 2021

In This Issue:

  • AFM Administration Services Team Moves to MAI 134  
  • Fall 2021 Hours for Bursar’s Office and Student Accounts Receivable
  • In Case You Missed It: Hodges Mitchell II Wins the 2021 Student Success Advocate Award
  • Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

AFM Administration Services Team Moves to MAI 134

Fall 2021 Hours for Bursar’s Office and Student Accounts Receivable

July 29, 2021

Starting August 2nd, the Bursar’s Office and Student Accounts Receivable will have updated office hours.

Bursar’s Office:

  • Office Hours: Monday – Friday 9 a.m. – 4 p.m.

Student Accounts Receivable:

  • Office Hours: Monday – Friday 9 a.m. – 4 p.m.
  • Phone Hours: 8:30 a.m. – 4:30 p.m.