Reporting

Fiscal Year-End Reporting

Purpose

Due to the timing of the annual external audit, year end reporting timeframes and procedures are modified from the regular monthly closing process.

Reports and Online Query Information

1. End-users have access to online Workday information regarding their budget and expenses. Those with online access may look up budget vs. actual information at any time.
2. The Controller’s Office staff will post a message on First Class in Faculty/Staff to inform users of the preliminary year-end closing date. When you see this message, you may print out departmental reports for June fiscal year end preliminary close.
3. Carefully review these reports and note any discrepancies or adjustments that need to be made.
4. Send in correcting journal entries promptly, or contact the Controller’s Office for consultation.
5. Final reports will be accessible as soon as the external auditors perform their review and final statements have been prepared.
6. Actual expense information for the new fiscal year will be available for budget viewers via online query forms. New fiscal year budget data will be entered into Workday as soon as possible after July 1st.