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Budget Carry Forwards posted to 1A Operating Funds

To all Finance users Budget Carry Forwards to the 1A Operating Funds have been posted. The 1A Operating Fund carry forward balances are now posted to May of fiscal year 13 (2012/13) for all applicable funds. Information relating to the carry forwards is available in the Budget Carry Forward Information Bulletin found in our Knowledge Base.

Classified as : Staff, Faculty, External, Students
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Published on : 01 Jun 2012

"McGill Financial Statements" - Month of April 2012

To all Finance users The University fiscal year 12 (2011/12) is officially closed. For those of you who receive monthly Financial Statements via Minerva, the April reports are now available for "pick up". You may pick up your Minerva Financial Statements by logging into Minerva via: https://banweb.mcgill.ca/minerva >> Finance (Fund) Administration Menu >> Financial Statements.

Classified as : Staff, Faculty, External, Students
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Published on : 31 May 2012

Mileage rate increase

Please be advised that there is an increase in the mileage rate for University business travel via personal automobile. Effective June 1, 2012, the current reimbursement rate of 55 cents per kilometer (89 cents per mile) will be increased to 57 cents per kilometer (91 cents per mile). The revised allowance is in line with the National Joint Council’s rates recently published.

Classified as : Staff, Faculty, External, Students
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Published on : 31 May 2012

2012 Year-End Consulting Sessions

This is a just a reminder that the 2012 Year-End Consulting Sessions will be held this Wednesday and Thursday (May 16th and 17th) to assist with any final Year-End preparations and to answer any remaining questions you may have.

Classified as : Staff, Faculty, External, Students
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Published on : 15 May 2012

Month of April Closing Delayed

Good Day Please note that due to the extended University year end period, the month of April will not be closing according to the usual month end schedule. April 2012 is scheduled to be closed on May 30th. This means that financial statements for April are still not available. An email notification will be sent when the financial statements are ready to be picked up in Minerva.

Classified as : Staff, Faculty, External, Students
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Published on : 10 May 2012

FGAJVCQ, FGAJVCD and FGAENCB Blackout Period

To all Finance Users In support of the Year-End effort, the processing of journals, IDC’s and manual encumbrances (Banner forms FGAJVCQ, FGAJVCD and FGAENCB) will not be accessible from Tuesday, May 8th, 9:00 AM until Wednesday, May 9th, 9:00 AM. We apologize for the inconvenience.

Classified as : Staff, Faculty, External, Students
Category :
Published on : 03 May 2012

Improvements to Minerva Advances and Expense Report Menu for student expense reports

Effective May 1, 2012, the following improvements have been made to the Minerva Advances and Expense Report Menu for expense reports submitted by students...

Classified as : Staff, Faculty, External, Students
Category :
Published on : 01 May 2012

2011-2012 University Year-End Memo

Dear Colleagues, The annual Year-End Memo which details the 2011-2012 University deadlines and procedures for financial transactions is available on the Financial Services website at http://www.mcgill.ca/financialservices/yearend/.

Classified as : Staff, Faculty, External, Students
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Published on : 02 Apr 2012

FY12 Year-End Reporting and Communication Meeting - PRESENTATION NOW AVAILABLE!

Dear colleagues, Please note that the FY12 Year-End Reporting and Communication Meeting will be held on Friday, March 30, 2012, 9:00 to 10:30 a.m. in the Bronfman Building, Room 422, 1001 Sherbrooke Street West. The PRESENTATION, AGENDA and MEMO are available on the Financial Services website using the undernoted link: http://www.mcgill.ca/financialservices/yearend/

Classified as : Staff, Faculty, External, Students
Category :
Published on : 28 Mar 2012

FY12 Year-End Meeting - Memo and Agenda

Dear Colleagues, Please note that the FY12 Year-End Reporting and Communication Meeting will be held on Friday, March 30, 2012, 9:00 to 10:30 a.m. in the Bronfman Building, Room 422, 1001 Sherbrooke Street West. The AGENDA and MEMO are available on the Financial Services website using the undernoted link: http://www.mcgill.ca/financialservices/yearend/

Classified as : Staff, Faculty, External, Students
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Published on : 26 Mar 2012

Quarter Ending January 31, 2012

Dear Colleagues, In an effort to generate accurate financial statements for the third quarter of our fiscal year, being January 31, 2012, please ensure that all invoices on hand for goods and/or services received to January 31, 2012 are received by Accounts Payable by February 6th, 2012 to ensure processing in the appropriate fiscal period.

Classified as : Staff, Faculty, External, Students
Category :
Published on : 26 Jan 2012

Deposit Form FGADCSR and the QST rate change

This communication is directed to those who process taxable sales using Banner Deposit Form FGADCSR. The QST rate is increasing from 8.5% to 9.5% effective January 1, 2012. Banner is now updated to reflect this new rate. When processing sales during the transition period, it is important to make a conscious decision about which tax rate should apply.

Classified as : Staff, Faculty, External, Students
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Published on : 22 Dec 2011

QST rate change effective Jan. 1, 2012

As part of the Quebec government’s measures previously announced to tackle its growing budget deficit, the Quebec sales tax rate (QST) will be increasing another 1%, from 8.5% to 9.5% effective Jan. 1st, 2012.

Classified as : Staff, Faculty, External, Students
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Published on : 05 Dec 2011

Transaction Services - Holiday Deadlines 2011

Financial Services strives to continue to serve the University in light of the current work disruptions. Our priority continues to be the reimbursement of expense reports and processing of vendor invoices. We are unable to commit to the usual turnaround time and are establishing the following deadlines for Transaction Services prior to the Holidays.

Classified as : Staff, Faculty, External, Students
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Published on : 23 Nov 2011

Observations on expenses flowing through Petty Cash Advances

To all Faculty Financial Officers and Administrative Officers, “Petty cash” disbursements of expenses continue to be available via advances and are proving to be effective and efficient, especially during the current labour disruptions. We remind you that expenses incurred should represent eligible business expenses where cash is the only method of transacting.

Classified as : Staff, Faculty, External, Students
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Published on : 26 Oct 2011