In the July 27, 2022 Business Update, a policy update was made regarding non-sponsored Payroll Accounting Adjustments (PAAs) and Accounting Adjustments (AAs). It was noted that these PAAs and AAs will no longer be allowed on original transactions that are greater than one year old. Any non-sponsored adjustments older than one year will be automatically routed to the University Controller’s Office. The Business Update outlines the additional information that must be provided for an exception to be approved.
Procedure 3501 PR.01 Payroll Costing has been updated to reflect this change.
In light of this announcement, the YSM Controller’s Office would like to remind departments that the university requires regular monitoring of its financial accounts, as outlined in the Financial Review Checklist.
Additionally, the YSM Controller’s Office has implemented a new process whereby individuals with unapproved PAAs will be notified at the 45-day mark. If a PAA is unapproved for 80 days, it will be escalated to Jess Caponigro, Interim Associate Controller, and Jill Ely, Director – YSM Research Administration.