UAMS ADMINISTRATIVE GUIDE
FINANCE (MOF) PROCEDURES
The purpose of this policy is to
inform departments within the University of Arkansas for Medical Sciences (UAMS)
of the uniform procedures for the processing of a Method of Financing (MOF)
- In accordance with State
of Arkansas Law, Act 104 of 1971, as amended, when a construction or
renovation project costs or exceeds $250,000.00, or a project requires the
use of an architect or engineer, a MOF must be completed and approved
before construction/renovation begins.
- Campus Operations will
provide to the Controller’s Office a completed and signed Construction
Financial and Funding Approval (CFFA) form, project budget estimates and a
Project Impact Statement. These will be used in the completion of the MOF.
- Once the Controller’s
Office has completed the form, it will be forwarded to the Systems Office
for approval by the Vice President for Finance and Administration.
- It is then sent to the
Department of Finance and Administration (DF&A) for approval.
- The MOF is then
forwarded to the Legislative Council for approval.
- Once this approval is
gained, the MOF is returned to DF&A for encumbering and numbering.
- The DF&A sends the
approved MOF to the UAMS Controller’s Office.
- The Controller’s Office
forwards a copy of the approved MOF to Campus Operations.