Financial Planning and Resource Management

Cynthia Carnahan Named Assistant Vice President, Budget & Planning

Cynthia (Cyn) Carnahan has been named Assistant Vice President, Budget & Planning, a role she took on in an interim capacity in September 2021.

She had previously served in the interim role from June 2016 to February 2017. As the head of the Office of Budget & Planning, Cyn and her team are responsible for managing the University’s resources, leading the annual budgeting process, and collaborating with campus leaders to set the University’s overall financial strategy.

Cyn’s career at Syracuse University began in 1999 in the Comptroller’s Office as the Manager of Financial Reporting. After three years, she moved to the Office of Budget & Planning, where she has now spent over 20 years in various roles. Prior to her appointment as Assistant Vice President, she had been named the department’s Executive Director.

Cyn earned a Master’s in Business Administration from Syracuse University and a Bachelor of Science in Accounting from LeMoyne College.

Internal Revenue Service Announces Standard Mileage Rate for 2023

The Internal Revenue Service has announced the optional standard mileage rate for 2023. Syracuse University employees may use this rate to calculate the deductible costs of operating an automobile for business purposes.

Effective Jan. 1, the standard mileage rate is 65.5 cents per mile for business miles driven, up three cents from the 2022 mid-year rate of 62.5 cents per mile. The rates apply to electric and hybrid-electric vehicles, as well as gasoline and diesel-powered vehicles.

Employees who have questions about the mileage rate can contact the Comptroller’s Office at 314.443.3765.

IRS Announces Mid-Year Adjustment to Standard Mileage Rate

In recognition of recent gasoline price increases, the Internal Revenue Service (IRS) has announced an increase in the optional standard mileage rate for the final six months of 2022 —which Syracuse University employees may use to calculate the deductible costs of operating an automobile for business purposes.

Beginning July 1, the standard mileage rates will be 62.5 cents per mile for business miles driven (up from 58.5 cents per mile at the start of the year).

Midyear increases in the optional mileage rates are rare; the last time the IRS made such an increase was in 2011.

Employees with questions can contact the Comptroller’s Office at 314.443.3765.

June 30 Deadline Set for Fiscal 2022 Year End Business

Cash Operations has set a deadline of 3:30 p.m. on Thursday, June 30, to receive deposits at the Bowne Cash Operations office for credit in fiscal year 2022.

Deposits should be made as early in the day as possible on Thursday, June 30.

Deposits received after June 30 will be processed as July (fiscal year 2023) business.

The exception is for monies received on or before June 30 but not processed due to internal mail delays. Those deposits can be credited to fiscal year 2022 by indicating “JUNE BUSINESS” on the deposit slip in red ink.

Cash Operations can only accept deposits for June business (fiscal year 2022) until 3:30 p.m. on Wednesday, July 6.

Questions or concerns may be directed to Tina Kelly at tkelly01@syr.edu.

Local Business Owners, Job Seekers Invited to University’s Go Local Career and Vendor Fair April 28

The University is hosting a Career and Vendor Fair Thursday, April 28, as part of its “Go Local” economic initiative. The event will be held from 3 to 6 p.m. at the Oncenter Convention Center ballroom, lower level, 800 S. State St., Syracuse.

Local business owners can meet with University purchasing managers to identify opportunities to see how their goods and services can supply the needs of the University. Individuals can attend to check out and apply for one of the hundreds of job openings at the University.

Those interested are asked to register for the event.

Read the full story at Syracuse University News.

Syracuse University’s 2022-23 Budget Includes Largest-Ever Commitment to Student Financial Aid, as Well as a Decrease in Board Rates

Allocating nearly $327 million to student financial aid, Syracuse University’s 2022-23 budget prioritizes financial assistance for promising students who aspire to be part of the growing Orange community. The figure reflects a nearly 9% increase in student financial aid, and is also supported by the ongoing success of the Forever Orange Campaign, which has broken all previous University records for fundraising to support student access and success.

“This historic investment in financial aid will allow the University to offer a distinctive experience to diverse students from across the socioeconomic spectrum,” says Ryan Williams, vice president for enrollment services. “We are looking forward to welcoming a talented new cohort of students and our returning students when the Fall 2022 semester gets underway. Returning students have persevered despite pandemic-related challenges. This investment in financial aid helps ensure that they earn their degrees in a timely manner.”

Read the full story at Syracuse University News.

Message From Comptroller Regarding Paper Paychecks

All paper paychecks dated Wednesday, Dec. 29, 2021, through Friday, Jan. 14, 2022, will be mailed via the U.S. Postal Service. Employees who have not signed up for direct deposit and will therefore receive a paper paycheck should ensure their permanent address is accurate by visiting MySlice and navigating to Employee Home > Personal Profile > Addresses. As a reminder, anyone with a NetID and password is able to set up direct deposit through MySlice. The Payroll Office’s website provides step-by-step instructions on how to enroll in direct deposit.

Please contact Payroll at 315.443.4042, option 2, with any questions.

Scott Kemp Named University Treasurer

Scott Kemp has been named Syracuse University treasurer. Kemp’s appointment, which began in September 2021, was approved by the executive committee of the University’s Board of Trustees. Kemp will report to Gwenn Judge, interim senior vice president and chief financial officer.

“Scott has provided steady and strong fiscal leadership throughout his time at the University,” says Judge. “We are fortunate to have someone with Scott’s expertise and skill set already here and prepared to take on this critically important role.”

Read the full story at Syracuse University News.

Does Your Program Involve Minors? Register Now!

As the Syracuse University community welcomes guests back to campus for the 2021-22 academic year, the Office of Institutional Risk Management is reminding community members to register their programs involving minors under the age of 18 who are not matriculated University students.

The University is committed to the safety of all minors who participate in programs operated, controlled or sponsored by the University on campus. In order to ensure that Syracuse University is safe for everyone, the Board of Trustees passed the Safety of Minors on Campus policy. This policy outlines all relevant safety practices enforced on campus.

Read the full story at Syracuse University News.

Student Employment Goes Digital With New Time Clock Tool

The Office of Student Employment, in partnership with the Comptroller’s Office, is implementing a new tool for student employee time reporting called TimeClockPlus to enhance the payroll reporting process for students. Beginning July 1, all hourly student employees will transition to using this automated timekeeping online tool to record their hours worked.

“As student employment resources continue to evolve and modernize, we are pleased to implement a new tool for our students that enhances the process for time reporting and makes it easier for students to capture their hours using any device,” says Camille Donabella, director of student employment and operations.

Read the full story at Syracuse University News.