End of FY2025 Information

Beginning on May 12, all Fiscal Year 2025 requisitions will be approved by the Financial Services Supervisor and confirmed by the university’s CFO.  

Exceptions: TRIO/Upward Bound and other grants 

 

Purchasing Cards (P-card):  

  • Please limit pcard use as much as possible. Each division will identify individuals that will pre-approve pcard spending. This will process will start on Monday, May 12 and will continue through June 30, 2025. 

  • Financial Management needs time to review and complete reconciliations and ensure proper documentation is completed by the end of the fiscal year. 

Important Dates: 

  • May 30, 2025: Last day to enter Expense Reports for employee reimbursement out of Fiscal Year 2025 Funds. If entered after this date, there is no guarantee funds will be expensed to FY25.  

  • Monday, June 23, 2025: Last day to submit Request for Invoice forms for FY25 (including intercompany transactions). Requests received after this date will be entered for FY26.  

  • Friday, May 16, 2025: Last day for Fiscal Year 2025 budget transfers. 

  • Reminder: Please continue to review open POs, obtain invoices from vendors and create receipts so payment can be processed.  

Starting June 1, departments can begin submitting Fiscal Year 2026 requisitions. Please encourage employees to review the FY26 Requisition Instructions and attend a Workday requisition training - noted below: 

Budget controls will initially be turned off, but they will be activated later in the fiscal year.  

Please note that budgets will not be carried forward from FY25 to FY26 unless they are pre-approved by the VP of Finance. 

Print Article