Fiscal Year End Instructions
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Fiscal year 2025 runs from July 1, 2024 – June 30, 2025. The process of closing the books for the fiscal year 2025 will soon be underway and below are some important deadlines for departments.
Departments are strongly encouraged to review their budgets and general ledger reports on a monthly basis. Review reports for any unusual or incorrect items and submit an to correct charges as necessary. Doing so will ensure the overall accuracy of the University’s financial information as fiscal year 2025 draws to a close.
Fiscal Year End 2025
***Please note these dates are tentative and are subject to change.
- Fiscal Year End Deadlines
- Fiscal Year End Training 2025 (PowerPoint)
- All cash and fund balances must be positive by June 2, 2025
- Completed Non-Capital Fixed Asset Inventory returned to Financial Services by June 13, 2025
- 's to Business Services by July 7, 2025
- 's to Financial Services by July 7, 2025
- June Recharges due to Financial Services by July 7, 2025
- All P-Card transactions & Travel reports for FY25 must be completed in Chrome River by June 22, 2025.
The Fiscal year 2025 closing period will run from July 1 – July 25, 2025. Final FY25 reports can be run in Banner Web Reports after July 25. Please contact Financial Services if you have any questions or need additional information.
Fiscal Year End Tips
Below are some reminders for departments to ensure that Fiscal Year End runs as smoothly as possible.
- Submit Foundation Reimbursement Requests for FY25 as soon as possible before June 30.
- Please notify Financial Services or Business Services if you have not been invoiced for equipment or services by June 30.
- Review dates on invoices to be sure that we are paying them in the correct Fiscal Year (FY25 or FY26). If unsure, please contact Financial Services at x2131 or Business Services at x2140.
- Submit BPA’s for all invoices as soon as possible.
Fiscal Year End contacts:
Rebecca Bunn Controller 657-1682
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