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 Year-End Close Presentation held on June 8, watch the recorded session and review presentation slides on the Controller's Office website.
Year-End Key Dates 2021
As we prepare for year-end, note the following key dates:
- June Prelim Close: Friday, July 9
- June Interim Close: Friday, July 23
- June Control Point Final Close: Tuesday, July 27
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 updated recently. Refer to Guidelines for Transferring Monies Across Funds available on the Budget and Resource Management website should you have questions or need clarification.
Guidance for Funding Extraordinary Expenses Related to COVID-19
As a reminder, journals to support extraordinary COVID-19 related expenses recorded using Project 2014758 must be completed no later than the appropriate fiscal year-end close deadline for FY 2020-21 balances. Review the Guidance for Handling Financial Implications of COVID-19 on how to apply funding sources to support these expenses. Please complete journals to support expenses as early as possible to avoid last-minute delays. Contact your Control Point financial leadership with any questions. Questions can also be addressed to [email protected].
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 deliver the report the day after the close date (e.g., on Saturday, July 10 for June Prelim) and notify the designated recipients by email. Read more about fiscal year-end and MyReports.
Contact
If you have questions about fiscal year-end close, contact General Accounting & Reporting at [email protected].