Financial Oversight Instructions & Timelines

FY2019-20

Financial Review

Financial Review Process Timeline (updated 08/13/19)

TASK

DATE

FALL
REVIEW

WINTER
REVIEW

SPRING
REVIEW

RESPONSIBILITY

Accounting Period Close

Soon after end of calendar month

Oct 15, 2019

Jan 15, 2020

Apr 15, 2020

Fiscal

Preparation of reports

Soon after Accounting Period Close

Oct 15–22, 2019

Jan 15–22, 2020

Apr 15–22, 2020

BAO

Cabinet financial package sent to Cabinets by BAO

5 business days after Accounting Period Close

Oct 22, 2019

Jan 22, 2020

Apr 22, 2020

BAO

Financial analysis performed by Cabinets with one-on-one BAO assistance (by appt.), and training sessions provided at the cabinet level

Ongoing through duration of financial review process

BAO & Cabinets

Cabinet financial package submitted to BAO

2 weeks after BAO distributes reports

Nov 5, 2019

Feb 5, 2020

May 6, 2020

Vice Presidents

Cabinet/Division reports reviewed

2 weeks after receipt of Cabinet financial packages

Nov 5–19, 2019

Feb 5–19, 2020

May 6–20, 2020

BAO

Comprehensive financial report reviewed

After BAO office review

Nov 26, 2019

Feb 26, 2020

May 27, 2020

CFO and VPs

Financial report submitted to the University President

After CFO and VPs reviews

After CFO and VPs reviews

After CFO and VPs reviews

After CFO and VPs reviews

BAO

 

– For the Fiscal Year 2019-20, the Campus will be required to provide three (3) financial oversight reviews, in Fall, Winter and Spring.

 

 

 

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