In order to avoid any surprises at the end of the fiscal year, all account managers are asked to monitor their budgets on a monthly basis. The Monthly GL Budget Review Form provides a form that all account managers are required to complete within the first week of each month. Email reminders will be sent by the Financial Services Office.
The University of Maine System has recently updated the Administrative Practice Letter (APL) that outlines allowable and prohibited spending of university funds. It is recommended that all staff and faculty review the APL when in doubt of what we can spend university funds on and what we can't.
In addition to the APL, UMFK has created a list of FY12 Spending Control Measures that need to be adhered to.