Every year, without fail, someone on campus is going to be alarmed that their beginning fund balance is not showing up on July 1.  Please remain calm.  I’m perfectly happy to explain this repeatedly, but I hate to think of anyone being stressed or upset thinking their money is missing when it is not!

The June close window is extended, with the final close falling quite late in July.  I need that final June amount in order to roll forward the balance from the old year to the new year, otherwise I’d just be guessing at the amount.  That beginning balance will post before we close July business.

You can initiate transactions in July before the fund balance roll is posted.  You will not be blocked from creating purchase orders, paying vendors, charging payroll, or completing expense reports.