Fee-for-Service Educational Activity (FSEA) with annual revenue in excess of $1 million are required to submit to the Auxiliary Accounting Office semi-annually (as of 06/30/yy and 12/31/yy) the following:
Other accrual information is required to be submitted only annually. (Ex. Deferred revenue, prepaids, inventory, other accruals).
To ensure Fee-for-Service Educational Activities are conducted in accordance with good business practices and with the laws, rules, regulations, and policies of the State of Florida and the University.
All Fee-for-Service Educational Activities.
All Fee-for-Service Educational Activities meeting the above requirements must submit the applicable reports to the Auxiliary Accounting Office (ga-aux@ad.ufl.edu).
In addition to the required reporting to the Auxiliary Accounting Office, every Fee-for-Service Educational Activity should follow all the Monthly Reconciliation procedures, including review and approval by Tier 2 and Tier 3, to ensure the FSEA is operating to budget and the available balance is sufficient to sustain operations.
FSEA Review Process and Advisory Committee
Managing Receivables and Account Write-Off
UF HR Toolkit – Reconciliation
Auxiliary Accounting: (352) 294-7236
University Controller’s Office: (352) 392-1321