Cut-off date for charging expenses to 07-08 budget

We are quickly approaching the closing of our books for fiscal year 07-08.  Each year at this time we notify you of the cut-off date for anything that needs to be charged in last year.  That cut-off date for this year is July 23, 2008.  After that time, any costs associated with fiscal year 07-08 will have to go into your fiscal year 08-09 budget.

1.    Please forward any invoices to Financial Affairs for goods and/or services that were received prior to July 1, 2008.
2.    Please review your 2007-2008 budget report and notify Financial Affairs if there are any outstanding Purchase orders for goods and/or services that were not received prior to July 1 so they can be disencumbered.

Please continue to pray for us as we are aggressively coming up to speed on the new PeopleSoft systems, while trying keeping up with the year-end closing and the preparation for our annual audit.

Please call us if you have any questions on this.  (ext. 2160)

Financial Affairs

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