The cutoff date for the submission of purchase requisitions for the FY18 budget cycle is Aug. 15. Please note, any requisitions received after Aug. 15 will be held and processed on Sept. 1 with FY19 funds. All FY18 purchases must be received by Aug. 31 or the PO will be canceled or paid out of the FY19 budget in the corresponding foapal.
The FY19 budgets will be loaded into Banner by Aug. 6. Beginning in FY19, we are separating salary and contractual budgets and expenditures into two separate funds, 110000 will remain as the contractual fund and 160000 is the new salary fund. NSF checking for contractual will be on the fund/org level eliminating the need for most budget transfers. Departments can now manage budgets on an org (department) level versus on the account line level giving more flexibility and accountability to the departments. An updated list of account codes will be distributed in mid-August.
As we continue to work to simplify and improve the finance processes for campus, please contact us with any questions or suggestions. Thanks!
Published: Wed, 25 Jul 2018 12:10:32 +0000 by g.ricci