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- BOR Approves Funding and Tuition Increases for FY25
- FY25 Budget Guidebook
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Travel Policy Requirements
- New Procurement Contract Search Report in Workday
- Important Deadline Reminders
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Board of Regents Approves Funding and Tuition Increases for Fiscal Year 2025
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The University System of Georgia Board of Regents (BOR) has announced budget approvals and tuition increases for its 26 member institutions.
Georgia Tech will receive $527.4 million in total state appropriations – an increase of nearly 9% — from last fiscal year. In addition, the BOR approved a systemwide 2.5% in-state tuition increase, a 5% out-of-state tuition increase, and an additional tuition increase of 2% for out-of-country students for the upcoming fiscal year (FY25) which begins July 1.
Click here to learn more about tuition, cost of attendance, and state appropriations for FY25.
The campus community is invited to attend the A&F Virtual Town Hall on June 21, from 2 to 3 p.m., to learn more about Georgia Tech’s budget and spending priorities for FY25.
Click here to download the calendar invite and add to your calendar.*
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* Due to recent system updates, you may receive a Microsoft Security Notice when downloading the calendar file. In this instance, it is safe to continue.
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| Fiscal Year 2025 Budget Guidebook Now Available
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The Fiscal Year 2025 Budget Guidebook at Georgia Tech provides comprehensive guidance for academic and administrative leaders, budget officers, and their teams. It covers all aspects of budget development, including revenue and expense structures, planning processes, and assumptions.
Produced by the Office of Institute Budget and Planning Administration, this guide was first deployed during the FY24 budget planning process and has been updated for FY25. It outlines both established and evolving budget and planning policies, including changes driven by the Budget Reform initiative.
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| Adhering to Travel Policy Compliance Requirements
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When traveling on behalf of the Institute, Georgia Tech employees are expected to comply with the travel policies set by the Internal Revenue Service, State Accounting Office, University System of Georgia, and Georgia Tech.
To help ensure that expense reports are completed correctly and in compliance to these policies, Procurement and Business Services’ travel and expense team is providing the following detailed instructions for travel related expenses.
These requirements will be strictly enforced beginning July 1, 2024
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| Introducing New Procurement Contract Search Report in Workday
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A new report is now available in Workday that will enhance the procurement experience at Georgia Tech.
The Procurement Contract Search Report will allow campus users to search for procurement contracts by supplier name or specific keywords. This new search capability aims to boost productivity, save time, and improve the overall efficiency of procurement processes.
Click here to view instructions on how to access the report in Workday. Contact Procurement and Business Services via ServiceNow Incident Request for additional assistance.
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Important Deadline Reminders
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The end of fiscal year 2024 is rapidly approaching and it is important to abide by the following deadlines to help ensure a successful and timely close out.
Procurement Year-end Process Deadlines
All purchase requisitions below must be fully routed through departmental approvers and in the Procurement queue by close of business on the dates noted. If applicable, all required documentation must be attached at the time of submittal.
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- Friday, May 24, is the deadline for purchases for any commodity or service on a state or Georgia Tech contract, $25,000 or greater.
Friday, May 24, is the deadline for purchases not requiring bids but require purchasing review (active contract not selected on requisition or non-contract) of $2,500-$24,999.
Friday, May 24, is the deadline for exempt purchases in the amount of $25,000 or greater.
Friday, May 24, is the deadline for change order requisitions of any amount.
Friday, June 7, is the deadline for purchase orders and purchase order line closure requests (Open Obligation Report) of any amount.
Friday, June 14, is the deadline to submit contracted purchases less than $25,000. The contract must be selected on the requisition in the amount of $24,999 or less.
Friday, June 14, is the deadline to submit low dollar catalog purchases in the amount $2,499 or less.
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Requesting FY2024 Non-Student Invoices
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Friday, June 14, The deadline for requesting FY2024 Non-Student Invoices is June 14, to ensure processing by fiscal year-end. Those responsible for submitting non-student invoices to the Office of the Bursar, which could include travel, consulting, or waste management invoices, must verify all requested billings-to-date have been reflected on the ledger and all ledger transactions prior to June 30, 2024. Click here to access the Non-Student Invoice Request Form (under Accounts Receivable tab). Please send invoice requests with backup documentation to nonstudentinvoicing@gatech.edu.
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Procurement and Business Services Office Hours
Wednesdays from 9 to 10 a.m.
Thursdays from 1 to 2 p.m.
Weekly virtual office hours for the campus community to talk live with team members from Procurement and Accounts Payable to discuss any questions.
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The Latest Buzz with Grants and Contracts
Thursday, May 21
1 to 2:30 p.m.
Grants and Contracts hosts a monthly information session to provide post award research news and updates to the Georgia Tech research community.
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Workday Wednesdays
Wednesday, May 29
Noon to 1 p.m.
Monthly webinar series hosted by the Workday Enterprise Applications team dedicated to Workday Financials support for all Workday Financial users. This is a private Teams channel and access will need to be granted. Use code 8kitf6h.
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