Resources

Treasury Management manages the short-term investment of the University's working capital and oversees its long-term investments with the University of Virginia Investment Management Company (UVIMCO). The short-term investments are managed to provide the University with sufficient liquidity and safety for operating cash. Long-term investments are invested according to the guidelines in UVIMCO's Investment Policy statement.

Treasury also provides oversight of investments held outside UVIMCO, such as trusts and security-specific investments.

How do I submit a wire request? With the implementation of Workday Financials, schools and departments can no longer request wire payments. The payment type is now determined by how the supplier is set up through PaymentWorks. If your department is working with a Supplier, please have the supplier enroll in PaymentWorks for ACH payments.
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Moody's Investor ServicesAaaP-1Stable
Standard & Poor'sAAAA

A Major Accident/Incident is one in which total damages may exceed $5,000 or any incident wherein bodily injury occurs.

If a Major Accident/Incident occurs, please take the additional following steps:

Time and Place of Accident:

Enter the Date, time, and specific address of accident.

Procedures to follow when renting a vehicle

Campers Accidental Coverage provides coverage to participants of a University organized camp. Under this coverage, all registered campers are automatically covered while they participate in a university sponsored and supervised educational day and overnight camp activities. University departments hosting a camp session can contact the Office of Property & Liability Risk Management to coordinate coverage for the camp’s activities.

Information on liability insurance coverage for leased/rental vehicles

Throughout the year there are many people who will serve as volunteers to help assist the University in its academic, research, healthcare and public service missions.

Every volunteer must be approved and authorized by a Sponsoring Manager (Faculty, Staff or Administration member). The Sponsoring Manager is responsible for all documentation, supervision and training of the Volunteer.

 In an effort to help expedite the property claim process, it is recommended that departments maintain a current inventory of University owned property i.e. furniture, electronics, office equipment, supplies, research materials etc. There is no need to record bulk items or items valued under $100, i.e. misc. office supplies, pens, copy paper, paper clips etc.

WHAT IS LABOR DISTRIBUTION?

Labor Distribution is the process by which charging instructions are entered into Oracle for payments for academic personnel, ensuring that payroll earnings are distributed to the correct PTAEO.  

The Foreign Corrupt Practices Act (FCPA), 15 USC 78dd-1, et seq., was originally enacted in 1977. There are two components of the FCPA.  The first requires that entities whose securities are listed in the U.S. meet the act's accounting provisions. The second contains anti-bribery provisions with broad applicability, including to public and private institutions of higher education.

The Commonwealth Accounting Policies and Procedures (CAPP) Manual documents the policies and procedures associated with the Commonwealth's centralized accounting and financial systems. Topic No.

The University Accident Review Committee evaluates each accident in which a University-owned vehicle is involved and some accidents in which a rented or motorized-utility vehicle is involved. After thoroughly reviewing all of the material concerning each accident, the review committee determines whether the accident was Preventable, Not-Preventable, or an Incident, based upon the definitions of the criteria provided by the Department of State Police.

Certificate of Insurance and Proof of Coverage Requests

Departments engaged in activities involving outside parties may receive requests for the University's certificate of insurance or proof of coverage from these outside parties. The following will provide departments helpful information in managing these requests and instructions on how to request the certificate.

What do I do if I have a vehicle accident in a State owned or rented vehicle while on University business?

While at the scene of the accident:

This memo is to alert you to a potential problem with gifting items to the University from its various Foundations.

In most cases, fine arts or other items loaned to and taken into the care, custody and control of the University departments can be provided with coverage through the University's Property Insurance PlanPersonal items belonging to others that are at the University, but where there is no written documentation of being on loan and in the care, custody, or control of the University, are not covered under the University's Property coverage.

Contracts, agreements, and procurement provisions are reviewed by the Property & Liability Risk Management staff in an effort to protect the University from potential financial losses in its interactions with outside organizations. To do this, the following issues are reviewed: