Controller's Office Deadlines
The following information relates to the University’s April 30, 2024 year-end procedures. These procedures apply to operating and ancillary departments, OMAFRA, grants (regardless of the Grant’s individual year-end date) and capital and renovation projects. By complying with the following deadlines and procedures, you will be ensuring the completeness and accuracy of the 2023/24 University Financial Statements.
A) Accounting Deadlines
Please note the following accounting deadlines for fiscal year 2023/24. These deadlines need to be met to ensure the correct accounting data is included in the 2023/24 Financial Statements.
Document |
Due To |
Deadline Date |
Time |
Budget position changes for 2023/24 fiscal year |
Budget Office |
April 19, 2024 |
10:00 am |
Purchase Order de-commitment request for 2023/24 fiscal year |
Purchasing Services | April 19, 2024 | 4:30 pm |
Budget journal entry changes for 2023/24 fiscal year |
Budget Office |
April 24, 2024 |
10:00 am |
Requisitions for good to be received by end of day April 30, 2024 |
Purchasing Services | April 26, 2024 | 12:00 pm |
Revenue Remittance Vouchers |
Treasury Operations |
May 1, 2024 |
10:00 am |
Treasury Operations Invoices |
Treasury Operations |
May 1, 2024 |
10:00 am |
Expense Claims in Concur (fully approved claim submitted for processing) |
Payment Services |
May 1, 2024 |
4:30 pm |
Petty Cash |
Payment Services |
May 1, 2024 |
4:30 pm |
Requisitions for After-Fact HVPOs (for goods/services already received by April 30, 2024) |
Purchasing Services |
May 3, 2024
|
10:00 am |
Perceptive Content (WebNow) electronic routing for approval |
Payment Services |
May 6, 2024 |
10:00 am |
Coded Invoices |
Payment Services |
May 6, 2024 |
10:00 am |
Payment requisitions |
Payment Services |
May 6, 2024 |
10:00 am |
ADI - Journal Entries |
Controller’s Office |
May 10, 2024 |
1:00 pm |
B) Year-End Accounting Procedures
The following information provides additional details regarding year-end accounting procedures:
- Please forward any budget position changes for the 2023/24 fiscal year to Budget Office by April 19th, 2024 at 10:00 am.
- Requests for Budget Journal Entry changes for 2023/24 fiscal year must be sent to Budget Office by April 24th, 2024 at 10:00 am.
- It is the University’s policy that an HVPO should be issued prior to the delivery of goods or services of $5,000 or over. As a result, any invoices of $5,000 or over must be paid against HVPOs. In cases where there is no HVPO, invoices will be returned and an After-Fact HVPO must be issued before the invoice can be processed.
- Purchase requisitions for HVPO must include required documents such as multiple quotes or Non-Competitive Procurement Justification where applicable. Requisitions without the required documents will be returned. Purchase requisitions for After-Fact HVPO issued for the purpose of getting invoices paid in current 2023/24 fiscal year should also include a copy of the invoice.
- Purchase orders issued for the new 2024/25 fiscal year will not generate commitments in FRS until the Year-End accounting process is over.
- For Invoice payment, if the commitment is 2024/2025 fiscal however the invoice should be paid in fiscal 2023/2024, please contact Purchasing Services to have the HVPO updated. If the HVPO is for future period 2024/25 fiscal, which is the same as the commitment on the HVPO, please hold the invoice until after Year-end processing is complete.
- Cheque requisitions relating to the 2024/25 fiscal year must be noted as such in the “Purpose of Payment” section of the document.
- Revenue received up to and including April 30th, 2024 must be submitted to Treasury Operations by 10:00 am on May 1st, 2024.
Thank you for your co-operation. Please do not hesitate to contact one of the following managers, if you should have any questions:
Contact |
Name |
|
Controller’s Office |
Min Chen |
|
Payment Services |
Evan Campbell |
|
Purchasing Services |
Margaret Warren |
|
Treasury Operations |
Eric Hinse |
|
Budget Office |
Christine Philbert |