finance
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November 17, 2022
New practices align U-M finances with institutional values
U-M will invest $300 million of its short-term working capital in companies with strong environmental, social and governance practices, and work closely with community banks.
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April 21, 2020
Michigan Medicine issues message regarding U-M finances
Michigan Medicine CEO Marschall Runge outlined actions the health system will take to reduce the financial impact of COVID-19. Leaders of UM-Dearborn and UM-Flint sent similar messages to their employees.
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April 20, 2020
U-M imposes hiring, salary freezes in face of expected shortfall
U-M will freeze hiring, and employees’ base salaries will not increase through the end of the 2020-21 budget year, as it works to preserve financial resources in the face of the COVID-19 pandemic.
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August 1, 2017
Amy Wang named director of procurement services
Amy Wang has been selected as the university’s new director of procurement services. Wang’s appointment will be effective Aug. 7.
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October 27, 2015
University to host TSA PreCheck enrollment event next month
The university’s Procurement Services Department is bringing the Transportation Security Administration’s PreCheck program to campus Nov. 16-20 for a special enrollment event.
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July 8, 2015
New Procurement Services website enhances buying experience
Procurement Services recently launched a new website with features intended to make purchasing easier and faster for the university community.
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May 7, 2015
PNC Bank is U-M’s new official consumer bank
PNC Bank has been chosen as the university’s new official consumer bank, effective May 1, and will sponsor the university’s Mcard program.
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March 31, 2015
New federal rules coming for research project funding
U-M has begun to implement new federal regulations for the oversight of federally funded research projects.
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January 9, 2015
New Procurement SPG offers more flexibility and protection
A new Standard Practice Guide on university procurement includes an increased bid limit, a defined signature authority system, and measures to manage institutional risk.
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October 16, 2014
Campaign, investments help put U-M in strong financial position
A strong start to the Victors for Michigan fundraising campaign and overall investment returns of more than 18 percent helped put U-M in a strong financial position for the 2014 fiscal year.
