Responsible position(s):

• Controller

Required documents and access:

• Banner

Frequency and timing:

• Annually after period 12 month-end has been completed

Steps:

• Entries to post to accrual period:
• oChanges in accrued PTO
• oChanges in accrued assets/liabilities related to Pensions/OPEB
• oAccrued lease/bond interest payable
• oBad debt allowance / write off
• oCurrent portion of debt and lease liabilities calculations
• oDeferred revenue for tuition or grant prepayments
• oNon-current portion of prepaid expenses
• oInvestment accruals
• oDiscount on pledges/grants receivable
• oFixed assets adjustments

Fiscal Year-end Close

Once the audit has been issued and all audit adjustments have been posted, the fiscal year can be closed in the system.

Responsible position(s):

• Controller

Required documents and access:

• Banner - refer to Ellucian for step-by-step system requirements

Frequency and timing:

• Annually after the audit has been issued