Fiscal Year 2014-15 Close

To employees responsible for department budget and financial management, fiscal year 2014-15 is now closed in CFS (Common Financial System); therefore there will be no more transactions or adjustments for that year.  Final financial reports for the year are now available in the Data Warehouse.

All periods in fiscal year 2015-16 are now open. The Budget Office will transfer funds to departments for encumbrances that were outstanding on June 30, 2015 in funds 70000 (CSU Operating) and SSETF funds (70018, 70019, and 70020) by Friday, July 17.

SSETF Legacy Fund 70012 will remain open to accommodate the encumbrances from last year; however the Budget Office will not be allocating budgets for those open encumbrances.  Our recommendation is to either close that purchase order or change the funding source.

Please note that fund balances will post by Friday, July 24.  In an effort to standardize and streamline the closing process, most of these balances will revert to fund owner with no DeptID assigned.  Do make sure to run your reports by fund to ensure that you capture a true representation of your funds available.

We had a fantastic year end close. Thanks to everyone!

Comments are closed.