The deadline for deans, college business officers, directors, or their designees to submit requests to authorize closing operating accounts in deficit is July 8, 2024. Send requests to Financial Operations.
To ensure timely processing for FY24 year-end closing, units must submit transactions to the Shared Services Center by the following deadlines. Ensure your submissions are complete, accurate, and include the required supporting documentation.
This class will cover the Budget Adjustment and Year End Budget Adjustment e-docs.
The Budget Adjustment e-doc is used to record income and expense transactions not processed through other e-docs against an existing budget. It can be used to modify a base budget, a current budget, or both. It is a financial planning tool that allows an organization to adjust the current and base budget figures for a given account as circumstances may change throughout the fiscal year.
