The taxability depends on the level of study, undergraduate or graduate, and the dollar amount of the reimbursement. The benefits recharge distribution is not restricted to payroll journals. Initially, ECSI assigns each account a PIN/Password. Employees with questions about PTO balances or accruals should contact their departmental timekeepers. The minimum to open a true endowment is $25,000. The amount due will be updated on Wolverine Access through the due date (in real time) to reflect changes that take place during this time. Student Loan Collections (SLC) handles repayment of outstanding loan debt. Vouchers, Journals and Cash Receipts - Review source documents and process a Journal Entry to correct the problem. No. An email should be sent to gencollectionssc@umich.edu. WPI's school code is Y8. alphanumeric characters. You may pay all or a portion of their loan at any time without penalty. The charges will not be billed, however, until the next billing cycle. Each loan is reflected on an individual's credit report as a "tradeline". See our Consolidation page for more information. These emails suggest sending the invoice to an external collection agency for hopes of collection. Email Address: banking-services@umich.edu, Campus mailing address: 6000 Wolverine Tower, 1287, External mailing address: 6000 Wolverine Tower, 3003 S. State Street, Ann Arbor, MI 48109-1287. Browse the Classification of Instructional Programs codes published by the National Center for Education Statistics (NCES). Each institution that ECSI services is assigned a unique organization code. The taxability depends on the use of the funds. If there are questions after the class has been completed, please feel free to contact Accounts Receivable at the Shared Services Center, (734) 615-2000. (SPG 201.33). If the department deposits a check for an outstanding receivable, an email should be sent to gencollectionssc@umich.edu. Quasi specific funds are one of the three types of funds above, but established with specific restrictions regarding the investment of the fund. After you have exhausted your family care balance, additional family care absences can be taken from your vacation balance by using the time reporting code FCV on your time report. The maximum you can accrue is 24 times your monthly accrual. A construction renovation project is considered capital or depreciable when the total costs are equal to or greater than $50,000 per building. An SSC Accounts Receivable collector will begin reaching out via phone/email with the customer once the invoice is between 30 and 60 days past due. If the department has contact with a customer in regards to outstanding invoices, this communication will enhance overall collection efforts. Withdrawals are processed 4 times per year on the first day of each quarter. Quasi specifics are not a part of the endowment pool, and distributions are made on an individual basis. If you have questions about your vacation accrual rate and/or sick time balance, please refer to the following SPGs. Two examples of the appropriate phrasing are listed below: "The Fund constitutes a gift for endowment, and distributions will be made in accordance with the University's then existing endowment distribution policy. Please reference invoice number in email. This does not mean the invoice has been paid. Loan payments are applied as follows: (1) fees, (2) accrued interest to the date the payment is recorded, and (3) principal. (734) 936-7000 or email them at 4HELP@umich.edu. Any journal impacting a Sponsored Research Project Grant requires supporting documentation and will not begin the Financial Operations approval process until the support has been received. ECSI’s hours are 7:30 am to 9:00 pm EST, Monday through Friday. Heartland Campus Solutions/ECSI is the billing servicer for The University of Michigan. Heartland Campus Solutions/ECSI is the billing servicer for The University of Michigan. If your department has more than 20 people contact the ITS Help Desk at Leave of Absence begins on the first full, unpaid day after the appropriate leave balances are exhausted. You can also just view the pdf file on this SOR link. The accrual rate increases to 1.5 days per month after completing 5 years of service and increases again to 2 days per month after completing 8 years of service. To have your benefit premiums automatically withdrawn from your checking or savings account, complete the Agreement for Preauthorized Benefit Premium Payments form and forward to the Payroll Office. Heartland Campus Solutions ECSI handles the billing for these loans on behalf of the University of Iowa.