Reminders: Year-End Fiscal Close

Consult the following resources and dates to ensure you are prepared for fiscal year-end close activities.

Presentation

If you are responsible for any year-end close activities and were unable to attend the 2018-19 Year-End Close Presentation held on June 10, watch a recording and review presentation slides on the Controller's Office website.

Year-End 2019 Key Dates

As we prepare for year-end, note the following key dates:

  • June Prelim Close: Friday, July 12
  • June Interim Close: Friday, July 26
  • June Control Point Final Close: Tuesday, July 30

These key dates and other close deadlines are available on the General Ledger Monthly Schedule.

Guidelines for Transferring Across Funds

As a reminder, rules for making transfers across Funds using net position transfers or expense reclassifications are established by Budget and Resource Management and have been recently updated. Please refer to Guidelines for Transferring Monies Across Funds available on the Budget and Resources Management website should you have any questions or need clarification.

Scheduling Reports

You can use the scheduling feature in MyReports to automate production and delivery of your reports for the June Prelim, Interim, and Final Close. To use this feature, schedule your desired reports to run "At campus month-end close."  The MySchedule function will run the report the day after the close date (e.g. for June Prelim on Saturday, July 13) and notify the designated recipients by email.  See the Managing and Scheduling MyFavorites in MyReports job aid for detailed instructions.

Contact

If you have questions about fiscal year-end close, contact General Accounting & Reporting at [email protected].