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June

  • Journal Entry Workflow Training

    June 20, 2016

    Beginning the week of June 27, 2016, the Journal Entry Workflow will be expanded to include non-budget, non-research journal entries.  The tool can be used for journal entries relating to FY2016 or FY2017.  FY 2016 journal entries need to have a 6/30/2016 transaction date.  FY2017 journal entries must use a transaction date of July 1, 2016, or later.  The workflow will default to the current date. We encourage you to use this tool to submit transaction corrections, clear deficits and fund cost share funds. 

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  • Fund 110100 and DUO Designated Funds Transition

    June 20, 2016

    Effective July 1, 2016, the unrestricted fund, 110100, will be phased out and all unrestricted budgets, revenues and expenses previously accounted for in this fund will migrate to fund 110001.  As part of the FY 2016 close-out, General Accounting will transfer any balances in a school's or college’s DUO designated fund and transfer it to that college's respective RCM Over/Under Fund. 

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  • Cost Share Fund Remapping

    June 13, 2016

    Effective immediately, active cost share funds (i.e. ‘28’ funds), in charts D and S, have been detached from their original grant number in Banner. This population of active cost share funds is now tied to their own grant number that begins with a ‘28’. A list of the grants and funds that have been remapped is available on the Comptroller’s Office website to aid you in this transition. The new cost share funds will reference their corresponding sponsored grant number in their title.

     

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  • Facilities & Administrative Rate Agreement – Indirect Cost Rates

    June 06, 2016

    The Department of Health and Human Services (HHS) has approved a one-year extension for filing the Drexel University Facilities and Administrative (F&A) rate agreement. This means that our existing F&A rates as detailed below will remain in effect through June 30, 2018, or until our rate negotiations are finalized with HHS. 

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  • Fiscal Year 2017 Fringe Benefit Rates for Sponsored Projects

    June 05, 2016

    We recently completed negotiations with the U.S. Department of Health and Human Services to determine the fringe benefit rates for fiscal year 2017. This agreement will support our claim for fringe benefit reimbursement on grants and contracts.  These rates will automatically be applied to salaries charged to grants beginning July 1, 2016. 

     

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