Administration and Finance

Please review and re-align your budgets to cover all commitments through the end of the fiscal year keeping the following close-out dates in mind:

• FY07-08 direct pays, travel reimbursements, and invoices are due to General Accounting by June 30
• FY07-08 inter-departmental recharges are due to General Accounting by July 3.
• The July 3 payroll (for both Salaried and OPS employees) will include 10 days that will be charged to the FY07-08. The July 18 warrant will include 1 day to be charged to FY07-08. Please ensure that you have sufficient budget to cover these 1.1 payperiods of OPS expenditures (11 days).
• FY07-08 P-card transactions incurred through June 30 and processed by Regions Bank must be coded in FAAINVT by July 3

Carefully estimate all of your expenditure needs, including travel, direct pay, invoices, interdepartmental charges, telephone, copy charges and OPS expenditures when you are calculating your budgetary requirements. Be sure to provide enough budget (and cash for non-E&G activities) to cover all anticipated commitments.

For questions concerning this tip, contact the Budget Office at extension 2502.