University of California Davis Self-Supporting Recharge Operations - Fiscal Close
Considerations
- Ensure all expenses, income, and subsidy allocations have posted to the correct CoA Fund, Financial Department, and Project segments.
- Review Accounts Receivable reports.
- Complete invoice adjustments to write off invoices as needed.
- Send a request to [email protected] to transfer mark-up and departmental NUD to the associated 16200-Reserve Fund if there is a positive balance at fiscal year-end.
- Complete the Self-Supporting Reserves Transfer Request Template (.xlxs) which provides basic reporting guidance and instructions to help departments determine potential available balance to transfer to reserves.
- Review net position and compliance utilizing the Department P&L report.
- Revise rates and submit for approval as needed.
- If the activity has ended, close or deactivate the associated Project.
- PPM Project: Closing a PPM Non-Sponsored Project
- GL Project: GL Project values can be deactivated by submitting a ticket to the Aggie Enterprise Help Desk.
- Please contact [email protected] if you have any questions.