Reason for Policy
To ensure a Source is established appropriately in ConnectCarolina for recording and reporting financial transactions.
Policy Statement
University financial transactions must be recorded in a Source established in the University's official books and records in ConnectCarolina. The University uses ConnectCarolina as its official system to control and record financial information from creation to final disposition. Campus departments and central offices may request the establishment of a Source which falls within the definitions and criteria outlined in the University Policy on Types of Funds. Sources are established through various University Central Offices depending on the type of funding.
Scope of Applicability
All campus departments and units establishing financial Sources for recording and reporting financial transactions.
Exclusions
None
Special Situations
Subsystems outside of ConnectCarolina may be maintained by departments, or units to track or record detailed financial transactions that are unique to their operations. In those situations, it is the responsibility of the department or units to ensure the financial transactions are recorded in the university's official books and records in ConnectCarolina.
Procedures
Additional Information
Frequently Asked Questions
None
Related Data
None
Contacts
Policy Contacts
Subject |
Contact |
Telephone |
Fax |
E-Mail |
State and F&A Account |
Budget Office - EHRA Pos. Control |
919-966-3251 |
919-962-1453 |
positioncontrol@unc.edu |
Endowment Account |
Acctg. Srvs. - Financial Accounting |
919-962-7792 |
919-962-3306 |
Financial_Accounting@unc.edu |
Institutional Trust Fund Account |
Acctg. Srvs. - Financial Accounting |
919-962-5606 |
919-962-3306 |
Financial_Accounting@unc.edu |
History
Revised:
- February 7, 2023 - Reviewed for equity and accessibility and updated title.
- December 18, 2020 - Language updated to reflect current electronic processes inside ConnectCarolina
- June 1, 2020
- April 15, 2010