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April

  • Fiscal Year 2020 Accrual and Deferral Process

    April 30, 2020

    The handling of pre-paid expense deferrals and expense accruals will be consistent with the last four fiscal years.  General Accounting processes all prepaid expense deferrals and accruals for all of Drexel University and its subsidiaries, except for Drexel University Online (DUO).  Accruals and deferrals for DUO will be handled by DUO Finance.

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  • Fiscal Year 2020 Year-End Closing Schedule

    April 27, 2020

    In preparation for the 2020 fiscal year-end close, the following guidelines and calendar outline the standard closing requirements. Please review and circulate this information so that everyone is familiar with the guidelines and important deadlines. This will assist in making the year-end closing process more efficient.  Procurement Services' year-end information is posted on their website.

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  • Fiscal Year 2021 Approved Fringe Benefit Rates for Sponsored Projects

    April 22, 2020

    Drexel University has finalized the negotiations of the fiscal year 2021 fringe benefit rates for sponsored projects with the U.S. Department of Health and Human Services (DHHS). The finalized rates remain the same as the proposed rates. Coeus and Banner have both been updated to reflect the new rates effective July 1, 2020.

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  • Employees with Philadelphia Non-Resident Wage Tax

    April 09, 2020

    Under the current circumstances, most employees are being asked to work from home.  Therefore, the wages of employees who are working remotely outside the City of Philadelphia are not applicable to City Wage Tax.  ​

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  • Disposal of Fixed Assets Related to Drexel University Physicians

    April 09, 2020

    As a result of the bankruptcy of Hahnemann University Hospital and the subsequent closure of the Drexel University Physician (DUP) practices, the Office of the Comptroller will be disposing of any fixed assets associated with, or purchased from, a DUP fund/org in the Banner Fixed Asset System.

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