As previously announced in other forums, due to the pandemic Cornell University received permission to change its base year for Facilities and Administrative (F&A) Cost rate calculation, and extended its rates through FY2022.
Enrollment is now open for finance classes being held January 2022 through June 2022. Classes are open to any person interested in learning more about Cornell accounting/finance, payroll, and procurement policies.
The Internal Revenue Service has issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
On April 23, after a scheduled upgrade completes, KFS users will experience a new look and feel to the Kuali Financial System (KFS). The upgrade to KFS 7 will include usability improvements to enhance the user’s experience.
The Division of Financial Affairs is pleased to announce that it has negotiated Facilities and Administrative (F&A) Cost rates with the federal government for the five year period beginning July 1, 2016.