Finance

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.


Monthly time reporting schedule changing in March 2014

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.

Read the rest of the message and see other resources

Interactive version of U-M's FY 2013 Financial Report now available

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.

F&A (Indirect Cost) Rates for Federal Sponsored Programs

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.

Notice to Suppliers: Fraudulent Purchase Order Email Activity

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. 

Ordering HP Desktops and Laptops

The Hewlett-Packard (HP) online catalog for desktop and laptop computers is available in M-marketsite. 

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