Banner Year-End Closing Schedule

In order for us to meet the 2018-2019 closing schedule, it is necessary to establish due dates for certain essential information.

The following general year-end provisions will apply to purchase orders and procurement cards (p­ cards) against University budgets at the end of the 2018-2019 fiscal year:

1. Procurement Card reconciliation is approximately one month behind, so all charges posted in Intersect by September 30th will expend funds in this fiscal year against your 2018-2019 budget. Reconcilers are to submit their September Reconciliation Packets by October 5^th_. All charges posted October 1, 2019, or later will expend funds from your 2019-2020 budget.


2. In order for purchases to be expended in this fiscal year against your 2018-2019 budget, a Purchase Order must be issued, materials and/or services received, and the check for payment processed no later than September 19, 2019.


3. Change Order Requisitions to be issued against 2018-2019 Purchase Orders must be received and processed by Procurement Services no later than September 19th to be reflected in the accounting system for the 2018-2019 fiscal year.


4. Invoices and receipt of goods documentation (Memorandum Receiving Report or shipping receipt)  must be received by Accounts Payable no later than Wednesday, September 18, 2019 in order to be charged against the 2018-2019 budget.


5. MISCELLANEOUS VOUCHERS: All expenses incurred through September 30^th that are applicable to fiscal year 2019 must be charged to your 2019 budget. 2019 expenditures should be sent to Business Services as soon as possible after the expense is incurred. Vouchers must be submitted no later than 4:45 pm, October 3, 2019.


6. TRAVEL VOUCHERS: Expenses for trips taken through September 30 are to be charged to your 2019 budget and submitted to Business Services as soon as possible after the completion of the trip, no later than 4:45 pm, October 3, 2019.


7. Departments should ensure that old outstanding encumbrances are closed.


8. Issue Checks prior to September 27, 2019 are to be dated September 2019.


9. Beginning on September 20, 2018, requisitions must have a transaction date of October 1, 2019. 
   • If the Requisition has not been approved and the transaction date was not changed to October 1, 2019, the requisition will need to be denied by an authorized approver.
   • Then contact Procurement Services to have the transaction date on the requisition changed.


10. During the period September 23-30, 2019, if the requisition has been approved, but the transaction date was not changed to October 1, 2019, contact Procurement Services to have the requisition deleted. A new requisition with a transaction date of October 1, 2019 will be needed in order to make your purchase.


11. All requisitions, including those against contract and grant accounts, must be approved by September 19, 2019 (if it requires quotes/bids, then it must be submitted and approved by September 9), so that they can be converted into purchase orders by September 20, 2019 by Procurement Services.
    • Requisitions not approved by September 19, 2019 must be denied by an authorized approver.
    • The end user will be notified by the individual who denied their requisition.
    • Then Procurement Services should be notified to change the transaction date to October 1, 2019.


12. Purchase Orders from FY 2019 will not be carried forward to FY 2020 until October 5, 2019. From October 1 - 5, no change orders from FY 2019 will be processed by Procurement Services and no A/P checks will be issued against FY 2019 budgets. This restriction is due to standard year-end closing procedures while FY 2019 expenses are being finalized.


13. Only Purchase Orders that have not been invoiced and paid will be brought forward into the new/fiscal year. If a partial payment has been issued prior to September 23, 2019, only the remaining balance will be carried forward as an encumbrance obligation. Your available funds in your 2019- 2020 budget will be reduced by the outstanding amount of prior year Purchase Orders.

The below year-end closing schedule has been prepared for your guidance in meeting the established due dates. Any data adjustments to be included in the FY 2018-2019 financial period must be submitted to the Accounting Office by noon on October 3, 2019.

If you have questions or need further information, please contact Robert Leonard (824-2233), Melanie Newby (824-2248), Chih Loo (824-2243), Valarie King (824-2231), or Terence Haley (824-6674).

2018-2019 YEAR-END CLOSING SCHEDULE