Finance FYI

Congratulations to PSU in their fantastic implementation of the Banner Finance Student Refund process. This process, originally designed for UNH refunds, was adapted to the needs of PSU. PSU has enabled a mechanism for their students to request their refunds be electronic via their student web forms. As a result - the volume of activity for this past week's refunds has been astounding. Roughly 80% of the activity for this cycle is being paid to the students electronically which makes the funds available to them the next day.

Thanks to ECG staff, PSU IT, PSU Bursar's office and USNH FAST staff for their hard work in adapting this process for use at PSU. Great work guys!!!!!

PSU ACH and checks for 02/11/2010.

Effective 1/1/2010 the standard IRS and USNH mileage reimbursement rate for the use of personal vehicles on USNH business has decreased to 50.0 cents a mile (IR-2009-111, released 12-3-09). This reflects a decrease of five (5) cents per mile from the 55.0 cent rate in effect for the 2009 year, and according to the IRS is in recognition of the decrease in transportation costs and other related vehicle costs as compared to the prior year.

The USNH Travel Reimbursement Form found at http://finadmin.usnh.edu/Travel/default.aspx has been updated to reflect the decrease in the mileage rate for employee business use of their vehicles.

If you have any questions, please contact Deborah Zarembo at Deborah.Zarembo@usnh.edu.

The Federal per diem rates for Meals and Incidental Expenses (M&IE) has changed for some locations. Please ensure travelers refer to the government’s web site, www.gsa.gov/per diem to obtain the most current rates when planning a trip or submitting the USNH Personal Reimbursement Form for M&IE.

Note: Foreign Per diem rates are adjusted on a monthly basis and can be found on the U.S. Department of State website (http://aoprals.state.gov/web920/per_diem.asp).

Questions can be directed to your Campus Accounts Payable Office or the USNH Accounts Payable Office at 862-1474.

USNH Financial Services follows the UNH holiday schedule and will be closed from December 25th through January 3rd re-opening for business at 8 AM on January 4th..

The dates for various processes and production items that will be impacted by the upcoming holiday schedule is now available. Please review for impact of payroll deadlines, check run schedules, feed schedule changes, impact on month end cycle, etc. that are being affected by this upcoming holiday schedule.

The full schedule is available at 2009 USNH Financial Services Holiday Schedule.

Please contact Nancy Borman, at Nancy.Borman@usnh.edu or at 862-1620 with any questions or comments.

The new schedule for 2010 Calendar year Payroll Deadlines is published. It is available on this site through several areas. Click here to display.