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Fiscal Officer’s Contracting Training

Fiscal Officer’s Contracting Training. May 15, 2008 Memorial Union. Fiscal Officer’s Contracting Training. May 15, 2008 Memorial Union. Agenda. Overview Definitions Control and Independence Contractor Checklist Present and Past Employees Conflict of Interest Delegation of Authority

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Fiscal Officer’s Contracting Training

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  1. Fiscal Officer’sContracting Training May 15, 2008 Memorial Union

  2. Fiscal Officer’sContracting Training May 15, 2008 Memorial Union

  3. Agenda • Overview • Definitions • Control and Independence • Contractor Checklist • Present and Past Employees • Conflict of Interest • Delegation of Authority • Resources/Contact Information

  4. FY07 Agreement Type Breakdown ≈ 2982 Agreements

  5. Top 20 Submitting Departments • School of Medicine 314 • Extension 211 • School of Nursing 209 • Athletics 200 • Conference Office 141 • Show Me State Games 117 • HRP 104 • Continuing Medical Education 95 • Student Life 93 • Journalism 91 • Missouri Review 77 • Missouri Unions 67 • Agriculture 49 • Education 47 • Veterinary Medicine 42 • Recreation Services 41 • Concert Series 40 • International Center 36 • HES Extension 35 • Publications 33

  6. Definitions • Employee University controls what work an individual does and how that work is done. • Independent Contractor Works as a self-employed person and provides a service to University. May be directed as to results of a service but is usually responsible for determining means and details of the service.

  7. Control and Independence • Behavior Control • Instructions • Training

  8. Control and Independence • Behavior Control • Financial Control • Investment • Unreimbursed Expenses • Services • Method of Payment • Opportunity for Profit or Loss

  9. Control and Independence • Behavior Control • Financial Control • Relationship Between the Parties • Intent • Benefits • Termination of Relationship • Permanency of Relationship

  10. Contractor Checklist • Filled Out by Department • Submitted with Agreements • Helps Fulfill IRS Requirements • Documents Citizenship Status

  11. Present and Past Employees • Usually Paid as Employees • Careful Evaluation • Performed Essential Same Type of Work in Past • Pays Employees to Perform Similar Tasks

  12. Conflict of Interest • Section 330.015 of the Collected Rules • Applies to ALL Employees • Process • Form

  13. Conflict of Interest • Section 330.015 of the Collected Rules • Applies to ALL Employees • Process • Form • Committee • Public Disclosure

  14. Delegation of Authority • Protects Employees • Who Signs? • Type • Funding • Amount

  15. Web Resources • IRS • Publication 15, Circular E, Employer’s Tax Guide http://www.irs.gov/pub/irs-pdf/p15.pdf • Publication 15A, Employer’s Supplemental Tax Guide “Employer or Independent Contractor” http://www.irs.gov/pub/irs-pdf/p15a.pdf • Office of the Controller http://www.umsystem.edu/ums/departments/fa/controller • MU Business Information Center http://mubic.missouri.edu

  16. Business Services 311 Jesse Hall 882-7254 http://vcas.missouri.edu Accounting Services 325 Jesse Hall 882-3051 http://accounting.missouri.edu Office of Sponsored Programs 310 Jesse Hall 882-7560 http://research.missouri.edu/ospa/ Procurement Services 113 Heinkel Building 882-3201 http://www.pmm.missouri.edu/ Contact Information

  17. Fiscal Officer’sContracting Training May 15, 2008 Memorial Union

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