Finance News
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New Mileage Rate Starting October 1st
New Mileage Rate Recently, the Internal Revenue Service (IRS) updated the standard mileage rate to 76 cents per mile (up from 72.5 cents per mile). The University will adopt this rate for all business-related travel occurring on or after October 1, 2026. To ensure the correct rate is applied, please follow these guidelines:
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Fiscal Year-End Reminders
We are required to report year-end (June) financial results to senior management and as part of the yearly audit. Therefore, we need everyone to ensure they follow the established year-end timeline so we can successfully meet all year-end requirements. Please review the attached information about the June 2026 Fiscal Year-End close, which includes important reminders and key dates. If you have any questions about year-end close, please reach…
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Updated Wire Transfer & ACH Form
A revised Wire Transfer & ACH Form is now available as part of our efforts to strengthen financial controls and reduce fraud risk. Important changes include limiting wire payments primarily to foreign currency transactions, routing domestic payments through the regular Workday process, and requiring additional processing time for ad hoc exception requests. Please begin using…
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