May

As previously communicated, the University has engaged Duff and Phelps to inventory equipment in 12 buildings (posted on our website) that have significant research activity as part of the Facilities and Administrative rate proposal.  Please review the information in the Fixed Asset Confirmation Tool by Friday, July 28, 2017, with emphasis on evaluating if the assets have been disposed since the last confirmation. Duff and Phelps will only confirm existence and current location of an asset. A list of frequently asked questions about the Fixed Asset Confirmation Tool has been posted to our website.

For the fiscal year 2016 close, the Comptroller's Office refined the methodology of handling the amortization of prepaid expense deferrals and the year-end accrual process. Both of these changes stem from feedback from the University community solicited after the completion of the fiscal year 2015 close-out.  The fiscal year 2017 close will utilize the same methodology as fiscal year 2016.

In preparation for the 2017 fiscal year-end close, the following guidelines and calendar outline the standard closing requirements. Please review and circulate this information so that everyone is familiar with the guidelines and important deadlines. This will assist in making the year-end closing process more efficient.  Procurement Services' year-end information is posted on their website.

As previously communicated on April 17, 2017, the University has engaged Duff and Phelps (formerly American Appraisal) to inventory equipment in 12 buildings that have significant research activity. Duff and Phelps has been on campus since Monday, May 1, 2017 completing this inventory for the Facilities and Administrative rate proposal.  The list of buildings and the estimated dates that Duff and Phelps will complete the inventory are posted on our website.