To employees responsible for budget and financial management functions, fiscal year 2016-17 is now closed in CFS (Common Financial System). The Finance Data Warehouse may be utilized to report on the full year of 2016-17 fiscal activity. All future transactional and budget activity should be directed to the open fiscal year, 2017-18.
For 2017-18, the Office of Budget & Financial Planning will be allocating budget to departments to support the encumbrances that were outstanding on June 30, 2017 in funds 70000 (CSU Operating); and SSETF funds (70018, 70019, and 70020). These entries will be completed by Friday, July 21.
Fund balances on the actuals ledger will be available at the fund level on July 21. Please note that for a specific listing of funds, CERF Funds (48xxx), Miscellaneous Trust (65183), and Auxiliary (78005 and 78006) Funds, fund balances will be posted at the division or department level.
During the coming fiscal year, the Office of Budget & Financial Planning will evaluate if and how the budget ledger may be leveraged to designate fund balance at the division and/or department level.
Thank you to everyone who contributed to a successful closing of 2016-17!