For a better experience, click the Compatibility Mode icon above to turn off Compatibility Mode, which is only for viewing older websites.

June

  • Introducing Multi-year Encumbrances for Externally Sponsored Research Funds

    June 07, 2021

    We are pleased to announce the launch of the multi-year labor encumbrance feature for externally sponsored research funds in Banner and Web*Finance beginning in July 2021 for FY’22.  Multi-year labor encumbrances are a feature in Banner that allows labor (salary and fringe) to be encumbered through the budget period end date on an award.  Currently, the system only calculates the encumbrance through June 30th of any fiscal year, regardless of the budget period end date on the award.  As those of you in the research community are aware, externally sponsored grants do not always follow a fiscal year and can have an end date of any month in the calendar.  Implementation of this feature will allow for improved financial administration of an externally funded award since your labor encumbrances will now match the corresponding budget period. 

    Read More

  • Reminder - Fiscal Year 2021 Exempt Leave Report Deadlines

    June 07, 2021

    Each year, as part of the fiscal year-end process, we ask that you complete and submit any exempt leave reports that remain outstanding for prior reporting periods. All exempt leave reports for the fiscal year must be completed to ensure that time-off balances are correct, since the balances are used in calculating the University’s vacation and sick liability for our financial statements.

    Read More