The Class 1A NI costs associated with the 2018/19 P11d returns has now been posted to departmental budgets.

 

Issued by Alexsis Dicken - Payroll Section

 

 

Deposit Account – Interest Payment & Emailed Enforced Movement Letters

Deposit Account

Please note Deposit Account interest has been credited for June 2019 in CUFS

Enforced Movements

As part of monthly monitoring the Treasury & Investments team have carried out deposit movements to correct debit balances on Sources of Funds. Affected departments will receive documentation indicating which accounts have been adjusted.

Emailed Enforced Movement Letters

Departments will now receive enforced movement letters via email. If these are being received by the incorrect contact or you have not received a notification you were expecting, please contact Treasury & Investments.

 July 2019 Deposit Account Interest

Please ensure deposit movements for July 2019 have been processed by the close of 19th August 2019, and that overdrawn accounts have had funds taken off deposit by this time to avoid delays in crediting July’s Interest.

Cambridge University Endowment Fund – Distribution

Distribution June 2019
Please note that the Cambridge University Endowment Fund (Amalgamated Fund) distribution for June 2019 has been processed in the June 2019 CUFS period at 207.72p per unit per annum.

Queries - Any queries should be addressed to Scott Maclaren - Treaury & Investments

Issued by Scott Maclaren - Treaury & Investments

 

Dispensation from competitive tendering requests include the name of the supplier a department is looking to use.  During normal competitive tendering processes a range of detailed checks are undertaken to ensure potential suppliers to the University are financially viable (through credit checks for example) and that they have ethics and values which meet ours (such as Modern Slavery Act compliance).

 

The procurement team have been asked to ensure as they receive dispensation requests to review, that if it relates to a potential new supplier to the University they actively ask the requesting department to confirm a credit check has been undertaken and that the results are acceptable, as well as ensuring the supplier has confirmed compliance with Modern Slavery Act as part of the review process.  To this end, can we ask that if you are looking to raise a dispensation from competitive tendering request which relates to a potential new supplier to the University, you include a short statement in the ‘other information’ field confirming that you have secured an acceptable credit check into their financial viability and that they have confirmed compliance to the Modern Slavery Act.

 

The easiest way to check the status of a potential supplier is to check against the University supplier database which can be accessed here https://www.finance.admin.cam.ac.uk/staff-and-departmental-services/customersupplier-set/supplier-set

 

Issued by Helen Wain - Head of Group Procurement