Welcome to the University of Michigan Finance website!
This website includes a number of features designed to make your visit efficient and productive. The navigation menus on the left side of the website are organized by functional areas (e.g., Financial Analysis, Financial Operations, Internal Controls, Procurement Services, Sponsored Programs, and Treasurer’s Office).
You can also access frequently asked questions, forms, and information about training using the links on the left side of the website while the menu on the right side lists quick links, news, and upcoming key dates by area.
If you are looking for additional information, but are unsure about the functional area to search, there is a search button in the upper right corner of the every page. Please spend some time exploring the website to learn how it can best meet your needs. If you have any comments about the Finance website, please e-mail us.
This message was sent on December 18, 2013 to campus deans, directors, and department managers; finance and human resources unit liaisons; campus timekeepers and timesheet approvers; and impacted campus monthly employees. It included information about a change in the monthly time reporting schedule that will take effect in March 2014. In recent years, the university has moved to an electronic time entry model. In addition to being more cost-effective and supporting the university's sustainability efforts by eliminating paper, this approach is more efficient and accurate for employees as well as units.
Check out the new, interactive version of the university's Annual Financial Report, which features tablet-compatible, page-flip technology, and links to additional content from videos to news stories.
Watch a short video on Print Smart, a free service from the university’s Procurement Services Department.
When M-marketsite, U-M’s online catalog for ordering everything from office supplies and furniture to computers and lab equipment was introduced to the university community in 2003, many of the technological tools that we now take for granted didn’t even exist.
I want to provide you with an important update about the university's Facilities and Administrative (F&A) Rate Agreement for federal sponsored programs. We recently negotiated an extension to our current rate agreement for the period starting July 1, 2014 and ending June 30, 2016. Based on current volume of research and sponsor mix, each indirect cost percentage point generates approximately $4.5 million annually and the university received approximately $250 million in indirect cost recovery in FY 2012.
Last month we advised you that without congressional action the federal government would stop selling helium in October. (See the original communication below for more information.)
Today we want to let you know that earlier this month President Obama signed a congressional bill that ensures an uninterrupted supply of helium from the Federal Helium Program.
Potential Disruption in Helium Supply and Impact on U-M (Sep. 25, 2013)
The U.S. Department of the Interior has advised us that—barring congressional action—the Bureau of Land Management (BLM) will stop selling helium on October 7, 2013. The BLM is a federal agency within the Department of Interior that has oversight for the Federal Helium Program, which supplies more than 40 percent of the U.S. demand for crude helium.
We want to alert you to an active email scam involving purchase orders and request for product quotations that purport to originate from the University of Michigan but are in fact fraudulent.
The Hewlett-Packard (HP) online catalog for desktop and laptop computers is available in M-marketsite.