Fiscal Year-End Closing Guidelines and Timeline for June 30, 2016
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A message from Loren Bender, Vice President, Business Operations and Finance
As we approach the end of fiscal year 2015-16, Financial Services would like to assist you in best utilizing your remaining funds. Although financial processes cannot stop because of fiscal year end, the required cut-off dates are necessary to accurately record financial transactions in the proper fiscal year, in accordance with generally accepted accounting principles and audit guidelines. In order to have a smooth transition closing out fiscal year 2015-16, it is important that we strictly adhere to the following timeline.
Remember, if financial transactions are not fully completed by the cut-off dates, the expense or obligation will carry over to fiscal 2016-17 without additional funding.
