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Fiscal Year 2005-2006 Summary of Closing Deadlines in Date Order

OUS » Controller's Division » Accounting & Reporting » Closing of the Books » Summary of Closing Deadlines

* NOTE: 
If a preformatted schedule is provided, please return the information to us in that format.  The information requested could have changed from the prior year so review the new schedule formats before beginning your work.  If you have questions, please call Mary Gaffney at (541)737-9550, or Paul Bartlett at (541)737-4361.
 
Due Date
Related
Detail
 
Related Schedules *
05-26-06
5:00 PM
Compensated absences information
  • Post all leave data to Banner; reflect accrual through May taken through April
 
 
06-30-06
5:00 PM
Purchase requests & orders, including contract release orders, for goods and services received by June 30, 2006, processed, approved, and posted  
Cash receipts and deposits  
Accounts receivable listing
  • Backup SIS TBRACCD table after all FY 2006 activities and application of payments
EA.1
07-03-06
8:00 AM
Personnel/payroll - for June manual payments, including adjustments
  • Aggregation of pay items June manual checks will be aggregated Friday, June 30
 
 
07-05-06
to
07-15-06
5:00 PM
FA Run Fixed Assets reports to aid in reconciliation  
 
07-11-06
5:00 PM
Last day for institutional input of inter-institutional journal vouchers that affect other institutions  
 
07-12-06
5:00 PM
Run FFPDEPR - depreciation for June 30, 2006  
Post June accumulated depreciation prior to period 12 close  
Two-year old outstanding revolving fund checks CI.1
 
Close Period 12
Period 12 should not be closed prior to or after this time (exceptions need to be approved by the Controller's Division)
 
 
07-14-06
5:00 PM
CB.11 Last day for institutional input of inter-institutional JVs that affect Chancellor's Office  
 
07-17-06
5:00 PM
Unpaid obligations/liabilities (leases and retainage)
  • Operating leases
  • Capital leases
  • Cash retainage on construction

FS.2.a
FS.2.b
FS.2.c
 
07-19-06
5:00 PM
Run FWRFAAX - replacement/insurance value inflation program for 2006  
Pledges of gifts  
 
07-21-06
5:00 PM

 
Inter-institutional journal vouchers
  • Processed at Controller's Division
 
Clearing Physical Plant prepaid expenses  
Eliminating overdrafts  
Proper coding of federal funds  
Close non-rolled encumbrances/reservations  
Non-expendable property received through gifts  
Monographs, serials, periodicals, films, museum collections, etc.  
Stores inventories FS.9
 
07-24-06
5:00 PM
Eliminating inactive operating funds  
 
07-26-06
5:00 PM
Accrue Grants and Contracts receivable  
Zero balancing clearing funds  
Reclassifying summer session income and expenses  
Recording uncollectible accounts receivable, miscellaneous grants/SIS  
Review and record Capital Asset Impairments and Insurance Recoveries  
Accounts receivable listings
  • Submit an aged detail listing supporting SIS accounts receivable as of June 30 with GL reconciliation

EA.1
Accrual of liabilities and expenses  
Cash held in trust  
Run FFPDEPR - Fixed Asset Depreciation process for June 2006  
Run FWRNIPR - Fixed Assets reconciliation as needed  
 
Close Period 14
Period 14 should not be closed prior to or after this time (exceptions need to be approved by the Controller's Division)
 
 
07-28-06
5:00 PM
 
Carrying amount of cash and cash equivalents FS.12
Invoices payable detailed listing with GL reconciliation  
Detail and aging of Other A/R
Detail and aging of Grant/Contract Receivable
 
Buildings and grounds - improvements and adjustments > $5,000  
Run Fixed Assets reports to be forwarded to the Controller's Division  
 
08-01-06
5:00 PM
Revolving fund report  
[FY2007 only] Designated operating funds report - carry forwards
[FY2007 only] Designated operating funds report - excess fund balances
CI.2.a
CI.2.b
CI.6 Service Department Working Capital CI.6
 
08-08-06
5:00 PM
Report of foundation net worth  
Operating lease receivables
  • Schedule of future lease receivables
  • Schedule of leased asset information
FS.13.a
FS.13.b
 
08-11-06
5:00 PM
  Capital Asset Impairments
Insurance Recoveries
 
 
08-15-06
5:00 PM
Abandoned property in agency funds  
 
08-22-06
5:00 PM
Allowance for doubtful accounts - method of calculation for (1) student accounts   
Detail of Perkins loans notes receivable reconciled to GL  
Scan post-closing check registers for items over $250,000  
Detail listing of inventory reconciled to GL  
 
9-25-06
University Foundation audited financial statements  
 
OPEN
Account reconciliations and detail lists  
  
Check stock control procedures  
  Service Department Working Capital Report  
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