May 2024

Published monthly, the Fiscal Administrators' News is where you can find the latest information regarding the Office of Procurement Services.

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Procurement Services

FY-End Calendar

Please visit the Procurement Services Website for the FY24 Year End Close Schedule here.

Controller's Office

FY End Encumbrance Removals

Now is a good time to liquidate any outdated encumbrances before year end. Did you know that the Controller's Office must do a journal entry on 6/30 for all your open encumbrances, every year? For example, if you have a PO with 20 lines and 1¢ is left on a single line, the Controller's Office must complete a 20 line journal entry each June 30th until you liquidate that penny. Liquidating these old balances not only speeds up the year end close process but helps give you a true picture of your remaining available balance. Directions are located on the Controller's Office website and you can contact the Finance Help Line or with any questions.

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Edit | Last updated: 05/21/2024