2020/21 Campus Fiscal Year-End Deadlines

The 2020/21 Year-end deadlines are now available and posted on the Finance and Business Services website.

These deadlines enable the campus to meet financial reporting and audit requirements of the State Controller’s Office, CSU Chancellor’s Office and various other agencies. Please do your part to ensure transactions are recorded in the proper fiscal year by meeting these deadlines.

Don’t forget to register and join us this Friday for our What’s Up presentation!

Fiscal Year 2019-2020 Close

To employees responsible for budget and financial management functions, fiscal year 2019-2020 is now closed in CFS (Common Financial System). The Finance Data Warehouse may be utilized to report on the full year of 2019-20 fiscal activity. All future transactions and budget transfers should be directed to the open fiscal year, 2020-21.

Budget

The following processes will be completed by July Month End Close:

Encumbrance Roll

Budget will be allocated to support the encumbrances that were outstanding on June 30, 2020 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 encumbrance balances exceed departments’ available year end balance.

Compensation Pool

As a reminder, Fund 70000 (CSU Operating) salary budgets will be 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 2019-20!

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!