• Finance Home
• General Accounting
  • Chart of Accounts
  • Month-End Close Schedule
  • Banner Budget Instructions
  • General Ledger Transactions
  • Cash Handling Policies
  • Retail Sales
  • Grants & Designated Funds
  • Reports
  • Forms & Instructions
  • FAQs
  • Contacts
• Liability & Risk Management
  • Insurance Coverage
  • Certificates of Insurance Information
  • Claims
  • Waivers
  • Contracts
  • Forms & Instructions
  • FAQs
  • Contacts
• Payments
  • Introduction
  • Policy Glossary
  • Business Expense Policy
  • Purchasing Policies & Procedures
    • Signature Authority Thresholds
    • Purchasing Processes
    • Transactions Under $2,000
    • Transactions Between $2,000 and $4,999
    • Transactions Between $5,000 and $9,999
    • Transactions Over $10,000
    • Special Circumstances
  • Travel & Entertainment
  • Purchasing Cards
  • Forms & Instructions
  • FAQs
  • Contacts
• Budget
  • Introduction
  • Overview of the Budget
  • General Guidelines for Budgeting
  • Budget Tools
  • Benefit Rates 2007-08
  • Benefit Rates 2008-09
  • Forms & Instructions
  • FAQs
  • Contacts
• Payroll
  • Student Payroll
  • Temporary Staff Payroll
  • Faculty/Staff Payroll
  • Forms & Instructions
  • FAQs
  • Contacts
• Downloadable Forms
• FAQs
• Contacts

About the Finance Office
The Finance Office handles SPU's internal financial transactions such as staff and student payroll, reimbursements, budget transfers and purchases. Although we do not directly handle student finances and tuition, all other Seattle Pacific fiscal business comes through our office.


News and Updates

11.29.07 Mileage Rate Increase in 2008: The IRS announced that they will be increasing the standard business mileage rate for reimbursing business travel expenses, beginning January 1, 2008. The new rate for 2008 will be 50.5 cents/mile, which is two cents more than the 2007 rate of 48.5 cents/mile.
4.01.07 King County Sales & Use Tax Increase: Effective April 1, 2007, sales and use tax within all of King County will increase one-tenth of one percent (.001), with the new rate being 8.9%. The tax will be used for transportation purposes. Businesses must collect the appropriate new rate of sales tax for retail sales and services provided within the county. Persons or businesses within King County will be subject to the new rate of use tax on items purchased for their personal or business use if sales tax has not been paid.
12.05.06 Mileage Rate Increase in 2007: The IRS announced that they will be increasing the standard business mileage rate for reimbursing business travel expenses, beginning January 1, 2007. The new rate for 2007 will be 48.5 cents/mile, which is four cents more than the 2006 rate of 44.5 cents/mile.
1.24.06 Payroll and Reimbursement Changes: The Finance Office is excited to announce new systems improvements that will benefit many of our faculty and staff. Effective March, 1, 2006, payment reimbursements will now be directly deposited to your account if you are currently using direct deposit for payroll. E-mail notification with the amount of your reimbursement will be sent to you when deposits are made. Additionally, direct deposit remittance forms for payroll will no longer be printed; instead you will receive a link to log on to Banner and view your payroll remittance on-line. We believe these improvements will save our employees the time and inconvenience of getting and depositing these documents, as well as save the University significant time and money. As such, we are encouraging employees who are not currently on direct deposit to sign up for it: Beginning March 1, 2006, faculty and staff electing to maintain paper check payments over direct deposit for paychecks will be required to pick up their check directly from the Finance Office during normal business hours. Among other benefits, these efforts will also heighten the security of employee payroll information. For the complete details of these changes, click here.