FY 2017-2018 Lapsing Funds Calendar
*Please note that your VP coordinator may share earlier dates, which you will be required to adhere to.*
For any questions, please contact Procurement Commodities at 632-6057 and Procurement Services 632-9849 .
|Cutoff Date for FY 2017-2018 Transactions for State Fund (1R) ONLY||Cutoff Date for FY 2017-2018 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, 2018. All services must be completed by June 30, 2018.
|1-May||1-May||Last day to submit all requisitions, between $5K and $50K, with an expected delivery date no later than July 5, 2018. All services must be completed by June 30, 2018.|
|18-May||18-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 3, 2018. All services must be completed by June 30, 2018. No exceptions.|
|31-May||31-May||Last day for VP identified rollovers to be processed.|
|8-June||8-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.|
|6-July||6-July||For State and IFR accounts, last day for receipt of items to be paid against fiscal year 17/18 funds.|
Last day to request an increase to contract encumbrances (AC340 transactions).
Last day for contract payment.