Weekly Bulletin No. 859
Monday 19th April
- Cambridge University Endowment Fund – Notification of Revaluation December 2020
- Deposit Account – Interest Payment & Emailed Enforced Movement Letters
- Accountants’ annual update 28 April – Reminder
- Financial Users Group (FUG) - Recording available
Use of Vulnerable Period - Thursday 22nd April 2021
System maintenance is scheduled for the vulnerable period (VP) of 6am to 9am on Thursday 22nd April
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Users who are processing in CUFS when the VP starts will lose their work.
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Users who are running requests in CUFS when the VP starts could delay the start of work while those requests complete.
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Users attempting to log onto CUFS while the system is being brought back online can face instability and delay the return of the sys
UFS Communications will be issued when the work is complete and users can access the system.
Issued by Lesley Dent - System Administrator
Imports using FedEx or DHL
Further easement of the workaround for Medical Exempt POs
Following our previous communications (Bulletins 857 and 855) you will not need to manually forward Medical Exemption certificates to:
- Marketplace suppliers that have confirmed that they will not be shipping from abroad direct to the University; or
- Marketplace suppliers that are using either FedEx or DHL as their preferred parcel operator to transport the goods
Where known we have added details of which parcel operator (eg. FedEx, DHL and UPS) the suppliers are using to the spreadsheet on Procurement’s website to assist you. We will continue to update this spreadsheet as we receive new information from Advance, suppliers and departments over the forthcoming week.
If you have any further questions or relevant information from suppliers please continue to contact Procurement on procurement.services.enquires@admin.cam.ac.uk . In the meantime we thank you for your patience whilst we continue to work towards a more sustainable alternative solution.
Issued by Matt Kidd - Procurement Services
Launch of the new dispensation form - 21 April 2021
Accessing CUFS using Java
Cambridge University Endowment Fund – Notification of Revaluation December 2020
Unfortunately there was an error in the previous communication regarding December’s CUEF unit value.
The new Unit value is £63.08 (rounded) and not £63.01 (rounded) as previously stated. The unit value at the end of the previous quarter was £59.88 (rounded) which represents an increase in value of 5.34%.
Any queries should be addressed to: Treasury & Investments, Finance Division EXT 64216
Issued by Scott Maclaren - Treasury & Investments
Deposit Account – Interest Payment & Emailed Enforced Movement Letters
Deposit Account
Please note Deposit Account interest has been credited for March 2021 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.
April 2021 Deposit Account Interest
Please ensure deposit movements for April 2021 have been processed by the close of 7th May 2021, and that overdrawn accounts have had funds taken off deposit by this time to avoid delays in crediting April’s Interest.
Cambridge University Endowment Fund – Distribution
Distribution March 2021
Please note that the Cambridge University Endowment Fund distribution for the quarter to March 2021 has been processed in the March 2021 CUFS period at 223.17p per unit per annum.
Queries: Any queries should be addressed to: treasury@admin.cam.ac.uk Treasury & Investments, Finance Division EXT 64216
Issued by Scott Maclaren - Treasury & Investments
Accountants’ annual update 28 April – Reminder
The annual update run by our auditors PwC on the latest updates to FRS 102 is taking place on Monday next week. The event will be held on Teams, 28 April at 3pm and is expected to last 60 – 90 minutes. You will receive an emailed link to join the meeting if you’ve booked a place.
Click here to book a place.
Issued by Helen Parker - Finance Training
Financial Users Group (FUG) - Recording available
The recording of the FUG meeting held on Wednesday 14th April is now available from the link below and on the FUG webpage.
Issued by Lesley Dent - System Administrator
Off-payroll worker update session – 5 May 2021 at 2pm (Teams live event)
The off-payroll working rules cover anti-avoidance legislation designed to ensure parity, as regards the amount paid in Income Tax and National Insurance contributions, between individuals who are employed and those who provide their services via an intermediary (e.g. a limited company).
In April 2021 the rules were amended, this brief update session will explain the changes and the impact on departments.
Note - this session is an update and will not cover the basics of the off-payroll worker legislation, there will be sessions later in the year for this
No booking is required: Use this link to join the meeting on the day
Calendar entries are not automatically produced for Teams live events and so you will need to add this meeting your diary manually. You can also paste the link above into your calendar entry.
Issued by Helen Parker - Finance Training
Forthcoming Courses (via Teams):
Cognos Intro, Mon 26 and Tue 27 April
This course is the basis for GL and Grants reporting and introduces the functionality of Cognos. It is a practical course, with demonstrations of tips and shortcuts. You will need to ensure you have Cognos access setup before the course. This is obtained via your Key Contact. NB. The objective is to facilitate using Cognos. Report outputs are covered in detail in the GL or Grants reporting courses.
Issued by Christine Rogerson - Finance Training
Monthly Accounting Timetable
To view the status of the monthly process including the month end close dates please use the following link: Accounting Timetable
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