To all departments:
Beginning this fiscal year end for 2016, there will no longer be a short period of time after June 30 where Disbursement Vouchers (DV’s) or Payment Requests (PREQ’s) will still post to your accounts. Instead, invoices submitted after June 30 as DV’s or PREQ’s will automatically post to period 1 in fiscal year 2017.
In order to properly record expenditures in the appropriate fiscal year, please review your KFS accounts for completeness and contact vendors as needed. Also, be sure to review contracts for any large invoices that are expected to be received and posted before June 30th.
Please contact Stacy Russolino (6-8109) or Robin Hoagland (6-3780) if you have any questions regarding the cut-off. If you have questions regarding invoice payments, please contact Accounts Payable (6-4137).
Annette Pavone, CPA
KFS Functional Coordinator & Accounting Manager
University of Connecticut
343 Mansfield Road
Storrs, CT 06269-1074
Phone: (860) 486-2934
Fax: (860) 486-0570