The foregoing procedures apply to transactions involving grants and contracts, including faculty project grants that terminate on June 30, 2001. A memo outlining closing procedures specific to grants and contracts is forthcoming. Departments responsible for maintaining student deposit accounts and student receivable accounts will be contacted separately to confirm outstanding balances as of June 30, 2001. All cash received on or before June 30 must be deposited with Bursar Operations by 3 p.m., June 29, 2001. As always, if an account goes into credit balance, it needs immediate attention.
Prompt action is even more important during the closing period.
Budget transfers for FY 2000-2001 must be received by the Office of the Comptroller by July 21, 2001. As previously stated, these dates should ensure an orderly closing process and are necessary to meet our annual reporting deadlines. Thank you for your continued cooperation.