REMINDER: MAY 31 - FISCAL YEAR CLOSE | Sent on behalf of the Business Office

[Smith, Lauren]

REMINDER - MAY 31 IS FISCAL YEAR CLOSE

Athletics Staff --

The Business Office requests your assistance in helping us close out the 2024-25 fiscal year (June 1, 2024 - May 31, 2025).  While May 31 officially marks the close of fiscal year 2025, we are taking this opportunity to get a jump start on processing any outstanding expenses occurring between 6/1/24 - 5/31/25.  Please email your invoices and submit your expense reports to the Business Office ASAP.

For Baylor P-card users, please target Friday, May 23 as the final date to charge FY25 expenses to your p-card to allow adequate time for reconciliation and expense report submission.

Given the financial pressures (i.e., House Settlement, NIL, NCAA deregulation, residual inflation) we continue to face, it is critical we complete fiscal year 2025 processing in a timely manner.  Please also note that Monday, May 26, the University will recognize the Memorial Day holiday, meaning we will have one less processing day in May.  No one wants to start the new fiscal year by paying for last season's expenses out of their new year's budget! If you were expecting a bill, but have not seen it, please call the supplier and have them email you a copy so we can process immediately.  If you have not submitted an expense report because you have a question, email or call your Business Office contact and let's get it done together.

Thank you for your swift attention and intentional efforts. We are grateful for your hard work, sacrifices, and incredible leadership through a very complex fiscal year.

Let's close out strong!

Best,

Cody, Nancy, Chris, Alison, Katie, Erin, Megan, Nicole, and Abigail

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