Updated UND Refund Policy

Effective January 1, 2022, refunds should be deposited, as follows:

  • Refunds originating from a current fiscal year expense should be deposited to the original accounting chartfield in which the expense occurred, using the original expense account code.
  • Refunds originating from a prior fiscal year expense should be deposited, as follows:
    • If refund is for an expense originating from a non-appropriated fund, it should be deposited to the original fund and department, using account code 462125 – Refunds.
    • If refund is for an expense originating from an appropriated fund:
      • For SMHS appropriated funds, deposit to 30012-3115-462125
      • For all other appropriated funds, deposit to 30007-3115-462125

 

For additional information, please refer to the UND Policy, located at:  https://und.policystat.com/policy/9767913/latest/

 

If you have any questions, please contact Lisa Heher, Director of Treasury, at lisa.heher@UND.edu or by phone at 777.4575.