FY 2016-2017 Lapsing Funds Calendar
*Please contact Procurement Commodities at 632-6057 and Procurement Services 632-9849 with any questions.
**Please note that your VP coordinator may share earlier dates, which you will be required to adhere to.
|Cutoff Date for FY 2016-2017 Transactions for State Fund (1R) ONLY||Cutoff Date for FY 2016-2017 Transactions for IFR, DIFR, HIFR, VIFR Funds||Item|
Last day to submit all requisitions regardless of $ amount with a lead time requirement between 30 and 45 days and an expected delivery date no later than July 5, 2017. All services must be completed by June 30, 2017.
|1-May||1-May||Last day to submit all requisitions, between $5K and $50K, with an expected delivery no later than July 5, 2017. All services must be completed by June 30, 2017.|
|19-May||19-May||Letters sent by Purchasing to vendors notifying them of the cutoff dates.|
|31-May||31-May||Last day to submit ALL requistions to Procurement for all items under $5K with an expected delivery date no later than July 5, 2017. All services must be completed by June 30, 2017. No exceptions.|
|31-May||31-May||Last day for VP rollovers to be identifed.|
|6-June||6-June||Last day for Human Resource Services to submit salary refunds (must be received from OSC by July 17).|
|30-June||30-June||Last Business Day of the fiscal year.|
|7-July||7-July||For State and IFR accounts, last day for receipt of items to be paid against fiscal year 16/17 funds.|
Last day to request an increase to contract encumbrances (AC340 transactions).
Last day for contract payment.