A multi-year strategic project to transform the administrative and student information systems and processes for Rutgers University. It lays the groundwork to modernize, unify, and simplify how we work in the areas of – budget, finance, human resources and payroll, procurement, and expense management.
On July 1, 2021, GASB Statement No. 87, Leases (GASB 87), a new standard on lease accounting that establishes a single approach to accounting and reporting for real estate and equipment leases became effective.
Higher education institutions tend to lag in their ability to provide equitable access and opportunities to organizations that are owned or operated by historically underrepresented groups. As a business entity with purchasing power, Rutgers University acknowledges that there is an acute need to address economic disparities by purposefully engaging small, local, and diverse businesses.