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

[Post, Nancy]

REMINDER – MAY 31 IS FISCAL YEAR CLOSE



Athletics Staff --



Thank you so much to those who have submitted fiscal year 2025 items for processing over the last couple of weeks!



The Business Office requests your continued diligent 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 working all of May to process any and all 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 TODAY, 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.  IF you need to make a purchase applicable to FY25 after TODAY, Friday, May 23, please reach out to your Business Office contact for guidance.



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 this coming 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.  Search your inbox, search your desk, find those receipts so we can pay a supplier or reimburse you!



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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