CAPAC Meeting: 8/24/22
CAPAC 8/24/2022
Recording is available here: CAPAC Monthly Meeting-20220824_140014-Meeting Recording.mp4
Topics discussed:
- FPI 2-5 Payments to Students, presented by Suzanne Zimmerer and Liz Tetrault.
- Award money to current students is allowable and processed on a Departmental Payment to Student Account (DPSA).
- For stipend payments, which are fully for the benefit of the student, the requestor should start with the Stipend Approval Form.
- As discussed in FPI 2-5, financial aid may be affected by payments to students.
- A resource to understand CSU’s reporting obligations for stipends/taxable scholarship income/student support payments: http://busfin.colostate.edu/Forms/Tax/Scholarship_Fellowship_Income_and_Taxes.pdf#zoom=100
- Colorado Legislation – Retail Delivery Fee, presented by Liz Tetrault.
- As of July 1, 2022, a new $0.27 fee that Colorado has enacted, which is assessed on all sales of taxable goods delivered by motor vehicles within Colorado, including 3rd party deliveries.
- CSU is NOT subject to this fee on our purchases because we’re tax exempt.
- When CSU makes retail sales:
- Please charge this fee on any sale that includes at least one taxable good, in addition to the sales tax.
- The $0.27 fee must be a separate line item on the invoice/receipt.
- This should be deposited into account 2420000, object code 2027.
- Format for future CAPAC meetings:
- Agenda presentations.
- Last 20 minutes reserved for discussions about campus best practices.
- Tentative September agenda:
- Travel Cards vs Travel Event Cards, presented by Ashley Meyer.
- Motor Vehicle Background Checks, presented by Marc Barker.
- Any new agenda items that come up.
- Group discussion – Succession Planning:
- Please start thinking through your unit’s succession plan and share what’s working for you.
- Additionally, let’s brainstorm about how we can start the conversation to implement campus wide succession plans.
Upcoming meetings (2-3 pm via Teams)