February 2026

As we move through February, this newsletter begins to outline FY26 year-end planning and FY27 budget development as well as provide updates to business services.

Financial Reporting and Budget Planning
The Controller’s Office has completed their December 31,2025 financial reporting and is developing the FY26 Fiscal Year End Close-Out Calendar. The Budget Office has completed their mid-year budget review and submitted the results to Executive Cabinet. Updates to the original approved FY26 budget are underway and serve as the starting point for development of next year’s budget (FY27). See link to the FY27 Budget Development calendar here. An important goal for FY27 and beyond is to identify new sources of revenue to support university operations. Questions regarding your budget are to be addressed to Frank Genova, Director of Financial Operations at francis.genova@shu.edu.

Business Travel
Seton Hall’s relationship with CTP for non-athletics business travel is under management review. The community is reminded that the use of CTP is not mandatory.

After months of developing and testing the Unimarket Expenses module, Finance is undertaking a cost-benefit analysis of other, more robust expense reimbursement platforms to identify the best option for Seton Hall. The recommended result will replace the current manual “T &E” process for employee reimbursements.

Unimarket Marketplace Performance
Results from July 7 through February 15:
Procurement & Financial Systems statistics:

Treasury/Accounts Payable payment statistics:

Internal testing of the Contracts module of Unimarket is underway with implementation taking a phase-in approach this spring. Until further notice, contracts are still to be processed through ESM.

If a department would like to schedule a Unimarket “Check In” meeting, please contact Serena Branson at serena.branson@shu.edu. These meetings provide an opportunity to address issues, answer questions and for us to receive valuable end user feedback.

Policy Development
A comprehensive Procurement policy and a revised, updated Travel and Business Expense policy are actively in development with the expectation of being released before the end of FY26.

Ed Bishof
Vice President for Finance and Chief Financial Officer

Division of Finance Open Forum
Register here to join us on Wednesday April 15 (tax day!) at 3 p.m. for the Spring 2026 Division of Finance Open Forum.

Receive Your Business Expense Reimbursements Electronically!
Already enrolled in Direct Deposit (“ACH”) for your Seton Hall Paycheck? Follow these easy step-by-step instructions to also receive your business expense reimbursements electronically. Be sure to select Accounts Payable Deposit when following the instructions.

Contact Information:
Division of Finance
Bayley Hall, 2nd Floor
OfficeoftheCFO@shu.edu