Fiscal Year 2018-19 Close

To employees responsible for budget and financial management functions, fiscal year 2018-2019 is now closed in CFS (Common Financial System). The Finance Data Warehouse may be utilized to report on the full year of 2018-19 fiscal activity. All future transactions and budget transfers should be directed to the open fiscal year, 2019-20.

Budget

The following processes will be completed by July 24:

70000 Encumbrance Roll

  • Budget will be allocated to support the encumbrances that were outstanding on June 30, 2019 in funds 70000 (CSU Operating) and SSETF funds (70018, 70019, and 70020).
  • Office of Budget Planning & Financial Management will consult with division budget officers in the event that closing encumbrance balances exceeded departments’ balances available.

70000 Compensation Pool

  • As a reminder, Fund 70000 salary budgets were reverted to the Centralized Compensation Pool, which allocates budgets based on monthly payroll after the monthly Labor Cost Distribution process completes, similar to the monthly benefits budget allocation

Please contact your Office of Budget Planning & Financial Management team member should you have any questions.

Thank you to everyone who contributed to a successful closing of 2018-19!

May Accounting Period Close

For employees who track or manage department budgets, please note that the month of May 2019 is now closed in CFS.

This means that the General Ledger (GL) system will not accept any more entries with a May journal date. May transactions can still be entered into the GL system, but the journal date must be 6/1/2019 or later. The current period open is June 2019.

March Accounting Period Close

For employees who track or manage department budgets, please note that the month of March 2019 is now closed in CFS.

This means that the General Ledger (GL) system will not accept any more entries with a March journal date. March transactions can still be entered into the GL system, but the journal date must be 4/1/2019 or later. The current period open is April 2019.