Fiscal Year 2020-21 ends Wednesday, June 30. The finance staff will spend the summer reconciling and preparing financial reports in preparation for our independent auditors. The success of the audit process reflects on the entire institution. It is critical we comply with all requirements expected by the auditors, the Board of Trustees, our funding sources, and other outside agencies that rate our institution. All employees are asked to assist by completing items related to the FY 2020-21 budget year by the deadlines provided below.
Page 2 of the memorandum contains the deadlines for processing requests. Please take time to review this document and communicate the deadlines within your department. Specific attention should be given to the following:
- Workday approvals for requisitions, expense reports, etc. must be completed by the deadline.
- Check your Workday inbox and notification approval queues frequently to ensure all expense reports and requisitions are approved before the deadline.
- Failure to adhere to this schedule may result in requests being rejected, returned, or processed against the new FY 2021-22, if applicable.
Please remember, goods not taken possession of or services not been provided by June 30, 2021 are not an expense or capital purchase for the fiscal year ending June 30, 2021. NO EXCEPTIONS.
Thank you for adhering to these established deadlines. Your full cooperation will assist Finance and Procurement in accommodating all FY 2020-21 end-of-year processing.
As always, if you have any additional questions or require further clarification, do not hesitate to contact the respective department by phone or email.