Recently Updated BPM's
E-6-2 Revenue Producing Activities
July 11, 2019
Added a link to the Revenue Producing Activities questionnaire.
E-14-1 Tax-Advantage Bond Post Issuance Compliance
July 1, 2019
Updated to address a recent revision by the SEC to rule 15c2-12 related to continuing disclosure filings. The updated policy details the process the University will follow related to the two new material events filings - see section (IX)(B). The updated policy also shifts the responsibility of filing to the MSRB for continuing disclosure from individuals within Accounting and Financial Reporting Services to individuals within University Financial Services Administration.
April 15, 2019
Updated to add poultry to the list of excluded animals as of July 1, 2019. The link to the sales tax form online was also updated.
April 15, 2019
- Section B.3. – Endowment and Gift Accounting name has been updated
- Section B.4. – New section added with processing information regarding gift revenue or gift transfer entries
E-22-1 Soliciting, Receiving, Recording and Acknowledging Gifts
April 3, 2019
- adding or revising definitions relating to the advancement fee, the gift acceptance committee and a quasi-endowment,
- incorporating language related to the acceptance of non-cash gifts and gifts in kind, and
- changing Office of Philanthropy to UK Philanthropy
E-22-2 Pledge Processing Manual
April 3, 2019
- adding the definition for the advancement fee,
- incorporating language related to cash handling for pledge payments, and
- changing Office of Philanthropy to UK Philanthropy.
March 28, 2019
Effective March 27, 2019, sales of admissions and fundraising event sales by the University of Kentucky are no longer subject to sales tax in Kentucky. University departments no longer need to collect sales tax for these sales effective immediately.