DFA will be processing a biweekly payroll accrual for six days, June 23, 24, 27, 28, 29 & 30, so that the accrual appears as a FY 2016 expense. This is an accrual for financial statement purposes only, there will be no labor ledger entries, nor will it affect effort certification reports.
COVID-19 RESPONSE: In light of the ongoing concerns of the COVID-19 outbreak, all non-essential staff members are now working remotely. Paper checks will be mailed on Wednesdays, but check pick-ups are not available until further notice. The check enclosure process will also no longer take place, indefinitely. Contact your business service center for guidance on check enclosures.
Recommended Criteria for Distinguishing between Gift/Contribution, Sponsored Contract/Grant and Educational Activity/Other Revenue
The classification of the revenue does not determine the central office (i.e., Office of Sponsored Programs or Alumni Affairs and Development in Ithaca, Office of Sponsored Research Administration or Office of External Affairs at Weill Cornell Medical College) with prime proposal and stewardship oversight. This is determined by the policies promulgated by those offices.
Occasionally, the university makes an agreement with an external entity to share the expenses of a particular activity. It might be more efficient or convenient for the department to initially pay all the expenses; however, the cost of that activity on the university’s books should only reflect its share of the expenses. In these situations, the funds received from the other party should be recorded as a reimbursement of expenses and not as revenue. Revenue should only be recorded as the result of revenue-generating activities, like providing a good or service.