Fiscal Year End

Business and Finance: Year-End Processing

Activities and Deadlines:

Requisitions for Current Year Purchase Orders:

The last day to place orders (create requisitions) in eBucs, the electronic purchasing system, using 2023-2024 funds is June 1, 2024. This includes university, grant and foundation accounts. Requisitions placed in eBucs by June 1, 2024 will be processed into purchase orders no later than June 30, 2024.

Requisitions that require sealed bids for products and services $100,000 or more must be entered and approved in eBucs no later than May 3, 2024.

Between June 1, 2024 and June 14, 2024 no orders can be placed in eBucs.

Beginning June 15, 2024, orders for the new 2024-2025 fiscal year can be entered into eBucs, but POs will not be distributed to suppliers until July 8, 2024.

Procards: It can take several days for Procard charges to post to your Procard account. Purchases made using the Procard for non-eBucs orders should be made early enough to assure they process through the vendor and are available on the US Bank system. 

Receipts for Goods and Services: Departments should continue to create receipts in eBucs for goods and services as soon as they are received fully and in good order.  There is no suspension for the receipting process.   

Reimbursement Requests, Advertisements and Copy Paper Requests: The following forms will continue to be available for processing in eBucs beyond June 1. Requests submitted on these forms after the dates listed below may be paid from FY 24-25 funds. Reimbursement Requests due June 21, 2024 at11:30 am.  

Review Open Encumbrances: Each department should review purchase order encumbrances in Banner Self-Service against their accounts for items that should be unencumbered. (Ex. Blanket orders against which no additional orders will be placed, remaining items on the PO that have been canceled by the company, invoice was less than the PO amount and remaining encumbrance needs to be canceled, etc.). Send a memo or email to Accounts Payable, comptroller@etsu.edu to request encumbrance removals for purchase orders. Only send notification to cancel a purchase order AFTER FINAL PAYMENT against the PO has been completed in Banner.

Invoices and Reimbursable Receipts for goods or services received prior to June 30th will be charged to the current FY 23-24 budget. Any reimbursable invoices or receipts for goods or services received after July 1st will be charged to the new FY 24-25.

Any questions regarding the year-end purchasing process can be addressed to Procurement, ext. 96113.

Petty Cash:

All Petty Cash activity ends for fiscal year 2024 on June 21st. All Petty Cash funds will be called and counted prior to June 30th and are subject to re-count by Internal Audit or State Audit.
All new loan (Perkins, SGA, short-term loans, etc) activity for fiscal year 2024 will be stopped on June 21st.
The last day to request a student balance of aid check disbursement for fiscal year 2024 is June 21st.
All funds on hand must be deposited with the cashiers in the Office of Financial Services before 11:00 a.m. on Friday, June 28th.

FYSA and Extra Compensation Forms:

All approved Fiscal Year Salary Allocations forms for fiscal year 2024 (retroactive changes for the fiscal year 2023) must be received in the Office of Financial Services by 4:30 p.m. on July 8th.
All approval processes must be completed for extra compensation and the form must be received in the Human Resources Office before 4:30 p.m. on July 8th for inclusion in fiscal year 2024.

GoldLink and e-Print:

Preliminary financial reports for June are available on GoldLink and Banner e-Print beginning July 8th. Departments are responsible for reviewing reports on GoldLInk or e-Print. Last day for corrections to charges after reviewing the preliminary financial information is Tuesday July, 18th. These changes must be received in the Office of Financial Services by 4:30 p.m.

Accounts Receivable:

All miscellaneous Accounts Receivable invoicing for fiscal year 2024 stops on Friday, July 5th. All requests and accounts/notes receivable information should be received by Brianne Hayes in the Office of Financial Services before 4:30 p.m. The accounts/notes receivable information should be listed in TBR format showing aging, accrued interest, deferred, etc., which has been provided to each department routinely recording accounts receivable.

Budget Revisions:

Last day for approved budget revisions to be received in the Budget Office is Tuesday, July 16th. In accordance with approved university policy, any budget account which reflects an aggregate over-run on travel, operating and equipment at the end of the fiscal year may have the amount of the over-run deducted from the following year’s allocation. The reviewing official will identify the source for which the reduction will be made.

Any questions regarding the year-end processes can be addressed to the Office of Financial Services, ext. 94275 or the Budget Office, ext. 94383.