Financial Affairs

Financial Accounting and Reporting

FAR Announcements

Oct292024: Moving Expense Submission
To ensure that our Payroll team has adequate time to process moving expense reimbursement transactions during calendar year 2024 and to comply with applicable year-end tax reporting deadlines, please submit all approved moving expense reimbursement forms and supporting documentation by November 8th to newhirerelocation@ucsc.edu.

Moving expense reimbursement paperwork is initially reviewed and approved within Accounting before documentation is submitted to Payroll.
Reimbursement paperwork submitted after this date will be processed during calendar year 2025.

If you have any questions, please contact newhirerelocation@ucsc.edu.

objective

The Financial Accounting and Reporting (FAR) Office oversees the General Accounting, Accounts Payable, Plant, Travel Accounting, and Equipment Management departments.

The FAR Office focuses its efforts on:

Maintaining the campus operating and general ledger
Financial control and reporting responsibilities, including administering financial policies
Tax reporting issues, including reporting and withholding for 1099 statements and sales tax returns
Maintaining vendor database
Processing check writes, ACH transmissions and wire transfers
Preparing financial statements for campus auxiliary units
Account reconciliations, including bank statements
Equipment management, including issuing property tags, preparing award close-out reports, and processing physical inventory reports and adjustments
Training on policies, financial accountability, and controls
Administering the campus travel program
Monitoring and reporting on real property and equipment leases