FY2027 Fringe Benefit Rate Update – Effective July 1, 2026
The Controller’s Office is working on updating the fringe rates applicable to fiscal year 2027. The new rates are applicable to transactions incurred on or after Jul 01, 2026.Faculty/Classified Fringe 38.7% (Decrease from 38.8%) Hourly Fringe 7.8% (Increase from 7.4%) Updated Process Payroll: o input new rates in Banner; new rates to be automatically applied to […]
Celebrating Years of Dedication at G&C
We invite you to share your appreciation and congratulations to Delois Alexander-Garnes, who will be retiring this summer after many years at G&C. Delois has been instrumental in helping with process improvements, training fellow team members and creating a collaborative environment both within our team and at VCU. We will miss having her charismatic personality around daily! We […]
We’re Moving! Grants & Contracts Accounting New Address
G&C is excited to share that we are moving to the Monroe Park Campus to cohabitate with the rest of our Controller’s Office colleagues at the Stagg & McAdams houses. All the same, we are going to miss being down the hall from our OVPRI colleagues in Biotech and on the MCV campus with our […]
ARMICS FY26 – Friendly Reminder
Deadline: Friday, May 1, 2026 ⏰ As part of VCU’s annual ARMICS (Agency Risk Management and Internal Control Standards) process, departments are asked to review key financial activities, assess potential risks, and confirm that appropriate internal controls are in place. This process helps ensure our operations remain accurate, consistent, and well-documented—and we appreciate your role […]
Happy Holidays!
As the semester winds down and winter break approaches, we want to take a moment to say thank you. Our SVP for Finance and Administration, CFO recently shared a message of appreciation recognizing the hard work and commitment of Finance staff across the university. We’re proud to echo that sentiment and highlight her words here.
Updated Guidance for Sponsored Projects (G&C)
Grants & Contracts (G&C) has updated several resources on the website related to post-award financial management for sponsored projects. The new pages include: Action Needed Before Winter Break To ensure requests can be processed before the holiday break, please submit the following no later than Monday, December 15: Requests submitted after December 15 will be processed as quickly […]
🎉 Celebrating Excellence: G&C Team Members Honored at Research Administrator’s Day
The VCU Grants & Contracts (G&C) team is proud to announce that three of its staff were honored at this year’s Research Administrator’s Day. The annual event celebrates the contributions of research administrators who support VCU’s research enterprise. This year’s award recipients from G&C include: The G&C team congratulates Cathy, Michaela, and Delois on their […]
