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.
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.
Traveler Resources
Important travel news (March 25, 2013)
Automatic U.S. federal spending cuts, dubbed “sequestration,” could begin affecting travelers — including those traveling to the U.S. from abroad — very shortly. Please be aware of the airport security and Customs delays you soon may face.
