Q4 (Jun, Jul, Aug)

Prepare and Submit Budget and Year End Close Activities

Quarter four of the fiscal year covers June through August.  During this time, the annual budget for the upcoming year is developed and loaded into university budgeting systems.  The current fiscal year ends requiring a series of tasks to ensure all financial activity for the year is properly recorded.                         


Related Resources

How to pull up a commitment report using the HandSOn commitment database.
Setup, review, and forecasting as preliminary preparation for your FY22 operating budget.
Instructions and links to running reports following fiscal year-end close and at the start of the new fiscal year.
To help you find reports in Oracle Business Intelligence (OBI) that provide you with the final fiscal year end balances in your awards. Faculty salary reports are also available and allow you to ensure that cost-sharing obligations were met, sabbatical charges were directed to the correct PTA and any supplemental salary payments to faculty in your area were received.
A user guide to running the Non-OB report from the H&S Financial Dashboard.
Writing to confirm that the FY 2020/21 budget savings policy will be the same as it has been for the past two years. Departments and programs will be allowed to move all operating budget general fund surpluses to their Budget Savings account. This policy will be reevaluated for FY 2021/22 as our financial situation becomes clearer.
A quick and easy way to estimate next year’s endowment payout.
HandSOn user guide for department and program users to view funding commitments.
Expense and endowment income planning assumptions for the FY22 operating budget.
Review of the annual operating budget process
Review of the annual fiscal year-end close process.