Financial Announcements

The IRS announced the 2021 standard mileage rate for business use of a personal vehicle, which is based on an annual study of the costs of operating an automobile.

The Office of the State Comptroller (OSC) has announced the updated fringe benefit rates for the 2021-2022 fiscal year.

The State University of New York’s annual financial report for 2020, fiscal year ending June 30, 2020 is now available. 

UB strives to deliver centralized budget and financial information, key reports, presentations and analysis to the campus community.

As required by both State and Federal guidelines, a physical inventory of all assets must be completed on a biennial basis. Prepare for this inventory coming in September.

A receiver must be entered into ShopBlue when a product or service is received, regardless of the transaction amount, with the exception of Payment Requests.

Ensure that your state financial transactions are attributed to the correct UB fiscal year using the cutoff dates for each transaction type.

Create a multiple trip itinerary for your multi-leg travel expense reports in the travel and expense reimbursement system (Concur).