FY14 Year End Training Powerpoint Presentation
FISCAL YEAR END INFORMATION-FY14
This site is intended to provide information that will assist your department with a smooth fiscal year-end closing. Your assistance is greatly appreciated.
You will notice these dates are much more expedient than in the past. This is due to a change mandated by the State of Kansas - Department of Administration beginning in FY13 that eliminated concurrent processing at fiscal year-end. We sincerely appreciate your cooperation. The various deadlines are important as there are several processes items must go through once they arrive at the Business Office. If you have any questions you may contact Barbara Winter at 4152, Misty Button at 4150, or Don Hartshorn at 4153.
CORRECTIONS & UNIT BALANCES: Please review your units for any corrections or changes in funding. Transactions may be reviewed through GL.LOOK or monthly unit reports. It is recommended that the account reconciler do a regular review of transactions as they post. This will allow issues to be addressed quickly as they arise. Please have any corrections or changes for FY14 to the Business Office by NOON on June 12, 2014. The State of Kansas is requesting all corrections be completed in the state system no later than June 13, 2014.
The Purchasing Office web site provides information about deadlines and procedures regarding the procurement card, DPR's, and purchase orders.
Pay Vendor (DPR): Use the Pay Vendor form to request an AP check for payment of goods and services that have already been received. FY14 Pay Vendor requests will be accepted through 6/30/14. To ensure payment is processed prior to June 30, FY14 Pay Vendor requests should be completed by 6/19/14. Please remember that forms submitted through Gorilla Marketplace must complete the workflow process, including all approvals, to be accepted as a valid FY14 payment request.
It is imperative that department's get Pay Vendor requests through Gorilla Marketplace by 06/19/14 so that the Business Office will have time to get the requests vouchered and into the SMART system by the State’s June 25th deadline. If the transaction is not vouchered by that date, it will be an outstanding purchase order/encumbrance for FY14 and paid in July thus the vendor will not receive payment by 6/30.
Travel Claims: All travel claims for FY14 should be submitted to the Business Office no later than 4:00p.m. on 6/16/14. If you do not have sufficient information to complete the travel claim, please contact Kim Wilson in the Business Office at Ext. 4168. All travel involving a travel advance must be processed by 6/16/14 so that the advance can be reimbursed by 6/18/14. Travel claims that are incomplete should be estimated and encumbered using the Encumber Funds form.
PCard Entry/Reconciliation (BPC): The PCard Entry Form is used to enter and approve funding on PCard transactions that are made outside the Gorilla Marketplace. These transactions should be entered and reconciled as quickly as possible to allow audit and posting of the transactions. All procurement card logs and supporting documents for the June 4th billing statement must be to the Purchasing Office by 4:30 p.m. on 6/09/14. Remember all charges posted to the BPC on or after June 5th will require FY15 funding, EXCEPT FOR FOUNDATION FUNDED BPC TRANSACTIONS. FOUNDATION FUNDED BPC TRANSACTIONS WILL USE FY14 FUNDS UNTIL 6/30/14.
Encumber Funds: An encumbrance is used at the end of the fiscal year to record obligations that have been incurred during the year but will not be paid before the close of the fiscal year. If you have any expenses for FY14 that you will not receive and/or pay until after 7/1/14, please complete the Encumber Funds form with the estimated charges including freight by June 30th. Please remember that forms submitted through Gorilla Marketplace must complete the workflow process, including all approvals, to be accepted as a valid FY 14 purchase order/encumbrance. The Encumber Funds form in Gorilla Marketplace will be available through 4:30 p.m. on 6/30/14.
Do Not use the Encumber Funds form if:
Do use the Encumber Funds form if:
Listed below are some general guidelines for determination of the appropriate fiscal year for some common departmental expenditures.
New Vendors: Any orders to be paid/encumbered to a new vendor requiring setup in the vendor file must be turned in with a completed W-9 by 06/11/14 to allow time for processing. Any questions concerning vendors should be directed to Shari Saia in the Purchasing Office at Ext. 4167.
SERVICE CLEARING: The Business Office will need all clearings by 12:00 p.m. Friday, June 13th. All clearing charges will be posted and visible on your units by 06/20/14.
DEPOSITS: All receipts or collections received and/or dated in June must be deposited BEFORE 3:30 p.m., Friday, June 20, 2014.
CHANGE FUNDS: All change funds must be returned to their authorized amounts by 06/30/14.
We sincerely appreciate your cooperation. The various deadlines are important as there are several processes items must go through once they arrive at the Business Office. If you have any questions you may contact Barbara Winter at 4152, Misty Button at 4150, or Don Hartshorn at 4153.