Known Issue: We’ve corrected the issue where available balances in FY22 appeared inflated in reports that included obligations.

Estimated Time to Resolution: Resolved.

Details: As reported previously, a timing issue with fiscal year end resulted in spend obligation liquidations processed between July 1 and July 12 having the potential to liquidate an obligation within FY22, but the corresponding FY21 obligation did not carry forward, leaving a negative obligation in FY22. This may have caused available balances for FY22 to appear inflated in reports that include obligations. Modernization and the Controller’s Office worked together to resolve the issue using a journal (JE0000051217), and are discussing how to avoid a similar issue in future fiscal years.