UCSD CAMPUS NOTICE University of California, San Diego |
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OFFICE OF THE ASSISTANT VICE CHANCELLOR - BUSINESS AND FINANCIAL SERVICES June 10, 1998 KEY ACADEMIC AND STAFF ADMINISTRATORS/ KEY SUPPORT STAFF SUBJECT: 1997/98 Fiscal Year End Processing Instructions and Cutoff - Purchasing IFIS Transactions This is a reminder to campus business administrators regarding deadline dates for processing LVPOs and Requisitions for year end requirements. The fiscal closing process this year will follow last year's model in that General Funds or other current unrestricted fund balances will not lapse at the departmental level. There should be very few situations where valid business requirements dictate specific fiscal year posting of low and high value purchase orders. However, for those situations that warrant such processing, these instructions should be followed. DEADLINE DATES To ensure that funds are encumbered, following are the processing deadline dates for Low Value Purchase Orders (LVPOs) and High Value Requisitions: June 12, 1998 Purchase Order Requisitions (Paper off-line) June 17, 1998: Purchase Order Requisitions (On-line) June 22, 1998: Low Value Purchase Orders (Paper off-line) June 30, 1998: Low Value Purchase Orders (On-line) July 10, 1998: High Value Purchase Order Processing (by Purchasing Department Staff) to satisfy encumbering funds for FY 97/98 ONLINE REQUISITIONS: On-line users submitting requisitions that impact the current fiscal year must include text clearly stating that order must be liened in the current fiscal year. Please enter this notation as the first line of text on REQCOMS screen of the IFIS purchase requisition to assure that the professional buyer promptly processes these documents into the current fiscal year. IFIS clause number 'key0026' which reads "ATTENTION: 97/98 EXPIRING FUNDS - PLEASE LIEN" has been established to make it easy for departments to communicate with the buyers. ON-LINE LOW VALUE PURCHASE ORDERS (LVPO): On-line LVPO transactions must be completed and approved in IFIS no later than the close of IFIS access on 6/30/98. All LVPO transactions that are entered into IFIS by this deadline will be liened in FY 97/98 and will be reflected on the preliminary ledger. We encourage everyone to access Purchasing's WWW site for more detailed information about fiscal year end processing instructions for high value requisition and low value purchase orders. These instructions can be accessed at http://www-bfs.ucsd.edu/pur/services/pursvcs/fisclose.htm. Should you have questions regarding IFIS Purchasing fiscal year end processing instructions, please contact the Purchasing office at X43084 or via email at purchasinginfo@ucsd.edu, or visit the above referenced WWW site. Linda Collins Purchasing Manager |