... Account Setups
Designated Account Setups
The following items are required in order for the set up of a new designated account in FMS. (This is basically the same information that was required for the set up of a new designated account in TUFIMS, but has been modified to fit the FMS structure.)
Email from the department containing the following:
- Account Title
- FMS Department ID
- Function
- If it is a new income generating account:
- How the income is being generated
- Approximation of anticipated annual income
This information is required for ALL requests to set up any kind of new Designated Fund account.
Budget Projection for the current year’s income
Provide a categorical budget for both revenue and expense pools.
This information is required for ALL requests to set up any kind of new Designated Fund account.
Business Plan
This is a management tool used to evaluate the financial feasibility of a proposal for an enhancement or new program. The business plan should detail revenue and expense for a specific time (3-5 years), and identify cash flow and recovery of initial investment.
Business plans are required for all requests to set up a new non-MSRDP Designated Fund account. They are not required for requests for new MSRDP Designated Fund accounts.
UBIT (Unrelated Business Income Tax) forms
These forms are available on line at http://www.utsystem.edu/bpm/bpmtable.htm
These forms are required for all requests to set up a new non-MSRDP Designated Fund account. They are not required for requests for new MSRDP Designated Fund accounts.
Review and Approval Process
Requests for new MSRDP Designated Fund accounts must be reviewed and approved by the leadership of the Practice Plan.
Requests for new non-MSRDP Designated Fund accounts must be reviewed and approved by the Chief Budget Officer.
The University of Texas Health Science Center at Houston
Site maintained by Finance
Last updated September 3, 2008
