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Foundation Fiscal Year-End Calendar

PostPosted: Thu Apr 20, 2017 12:03 pm
by kcruz
Foundation Fiscal Year-End Calendar
The following information is being provided to those who have Foundation accounts.

Accounts Payable
Please submit all payment authorizations and vendor invoices as early as possible. If you need a check issued by June 30, we must receive payment authorizations and invoices no later than 3:00 p.m. on June 16, 2017.

Purchase Orders
Purchase order requests (including grants, contracts, and trust accounts) will need to be received by 3:00 p.m. on May 26, 2017 (if $5,000 or more) and June 2, 2017, (if under $5,000).
This is an important deadline if your grant or contract expires or ends on June 30, 201‚Äč7.
Please note that our system is unable to backdate purchase orders.

Reimbursed Release Time
Completed RRTs, including required signatures, will need to be received no later than 5:00 p.m. on May 12, 2017. If RRTs are received by May 12, Purchase Orders will be issued to the University by June 30, 2017, but payment to the University will not occur until after July 1, 2017.

Cash Receipts
In order to post cash receipts in June, please assure they are received no later than 3:00 p.m. on June 28, 2017.

Salary Cost Transfers
All payroll transactions, journal entries for salary transfers and cost share documentation must be received by July 28, 2017, unless your grant/contract requires an earlier close-out period.

These deadlines apply to all Grants, Contracts and Trust accounts regardless of funding source.

If you have any questions, please contact Foundation Financial Services at 559.278.0850.