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Finance Posts

Procurement Bid Threshold Increase

September 15, 2023
UCF Procurement Services is pleased to announce that the bid threshold for university purchases has been increased from $75,000 to $150,000. Important: It is best practice to seek competition for all purchases, regardless of dollar amount, because competition works!  The new competition thresholds are as follows: The updated Competition Requirements can be located on the Procurement Services website.…

Renaming of Catalog Federal Domestic Assistance (CFDA) to Assistance Listing

September 8, 2023
The Catalog of Federal Domestic Assistance (CFDA) is being replaced with Assistance Listing in Workday to correlate with the official update. All IDs and descriptions will remain the same. Awards will reflect the change immediately while reports that include this field will be updated shortly after. Learn more about this update at the General Services…

Foundation Gift Budgets and Spending in Workday

August 3, 2023
The offices of Financial Affairs and the UCF Foundation are pleased to announce that 2024 foundation gift budgets, including July 2024 endowment payout were loaded into Workday effective last week. This means that colleges and units (including direct support organizations like Athletics) may once again directly charge gifts within the Workday system replacing the former…

How to View Expense Item Descriptions

July 26, 2023
Did you know that many expense items and spend categories have descriptions?  To view the spend category or expense item description while completing an expense report in Workday, click the Related Actions button (the three dots in the orange rectangle) next to the spend category/expense item name.  A pop-up will appear that includes the spend…

Reports Available for Cost Center and Grant Information

July 26, 2023
There are several “UCF Extract” reports in Workday for the UCF community that provides information on all active grants and cost centers. Users can access the quick and easy reports by using the Workday search bar to access these two reports, which also help identify Foundation Data Model (FDM) values. Report details include:

New FDM Dashboard Now Available in Workday

April 7, 2023
We are pleased to announce that the Foundation Data Model (FDM) Dashboard is now available for Workday users. The FDM Dashboard allows users to review information regarding specific financial worktags for topics such as: Financial Initiative/Activity, Gifts/Grants, Projects, Funds/Programs, Designations and Cost Centers/Divisions. The FDM Dashboard knowledge article provides information on how to access and…

Gift Compliance Approval Now Automated in Workday

February 15, 2023
Starting February 20, gift compliance approval will be automated in Workday. This will ensure that donor intent is verified at all dollar amount levels during the submitted system business process. The approval step will be applicable to all gifts and viewable in your Workday My Tasks (Inbox). This automated gift manager approval step impacts the…