FY 2011-2012 Lapsing Funds Calendar
FINAL CUTOFF DATES
Please contact Procurement Commodities at 632-6046 and Procurement Services 632-9065 with any questions.
|
Cutoff Date for FY 2011-2012 Transactions |
Day of the Week |
Item |
| 11-May | Friday | Last day to submit all items between $5K to $50K with an expected delivery date no later than July 13, 2012, all services must be completed by June 29, 2012. |
| 23-May | Wednesday | Last day for Human Resource Services to submit salary refunds [must be received from OSC by July 18] |
| 25-May | Friday | Last day for VP rollovers to be identified. |
| 1-Jun | Friday | Letters sent to vendors notifying them of the cutoff dates. |
| 8-Jun | Friday | Last day to submit ALL requisitions to Procurement for all items up to $5K with an expected delivery date no later than July 13, 2012, all services must be completed by June 29, 2012. No exceptions. |
| 15-Jun | Friday | Last day to submit ALL requisitions to Procurement for all items up to $2,500.00 with an expected delivery date no later than July 13, 2012. No exceptions. |
| 29-Jun | Friday | Last Business Day of the fiscal year. |
| 13-Jul | Friday | For State and IFR accounts, last day for receipt of items to be paid against fiscal year 11/12 funds. |
| 20-Jul | Friday | Last day to submit all invoices to Procurement for processing. |
| Cancellation of all non-contract encumbrances. | ||
| 20-Jul | Friday | Last day to request an increase to contract encumbrances (AC340 transactions). |
| 27-Jul | Friday | Last day for contract payment (State & IFR) |
3-Aug |
Friday | => Cancellation of Service contract encumbrances. |
| => Last day for all lapsed procurement activity (State & IFR funds). | ||
10-Aug
|
Friday | => Last day for departments to submit budget transfers. |
| => Last day for departments to submit journal transfers. | ||
| => Last day for departments other than Accounting to process journal transfers and budget transfers. |
