To All KFS and KFDM Users:
The Final Close for Fiscal Year 2015 will take place tonight, Wednesday, August 26, 2015. By Thursday morning, August 27th, final balances from 2015 will be carried over into Fiscal Year 2016 as beginning balances. These amounts will no longer be seen as pending entries in Fiscal Year 2016; they will be final and posted amounts.
For contract and grant accounts, ending balances for 2015 will be seen in the “Contracts Grants Beginning Balance Amount” field on the General Ledger Balance Lookup for 2016.
For all other account types, ending balances for 2015 will be seen in the “Beginning Balance Line Amount” field on the General Ledger Balance Lookup for 2016.
The Kuali Financial Data Mart (KFDM) will also be updated to include the beginning balances for Fiscal Year 2016.
If you have any questions or concerns, please feel free to contact Annette Pavone at 486-2934 or Robin Hoagland at 486-3780.
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
For Kuali Project Information please visit www.financesystems.uconn.edu