Skip to main content Skip to navigation
Washington State University Fiscal Year End

Issue Resolved: FY21 Spend commitments liquidated in FY22

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

Estimated Time to Resolution: Resolved.

Details: A timing issue with fiscal year end resulted in spend commitment liquidations processed between July 1 and July 12 having the potential to liquidate a commitment within FY22, but the corresponding FY21 commitment did not carry forward, leaving a negative commitment in FY22. This may have caused available balances for FY22 to appear inflated in reports that include commitments. Modernization and the Controller’s Office worked together to resolve the issue using a journal (JE0000067477), and are discussing how to avoid a similar issue in future fiscal years.

Fiscal year end update: New date and details for carryforward

As part of fiscal year end close, core funds carryforward was scheduled for July 23. This will now occur on July 30 instead.

As a reminder, FY2021 core fund budget amendments must be completed by noon tomorrow. Any in-flight budget amendments will be canceled at close of business on Friday, July 23 to prepare for the carryforward process the following week.

Visit the Fiscal Year End web page for additional details and resources.

Questions? Submit here.

FY21 closed, roll forward complete

As planned, yesterday evening we closed fiscal year 2021 in Workday and rolled forward assets, liabilities, and retained earnings. You can now check balances in Workday.

As a reminder, FY2021 core fund budget amendments must be completed by noon this Thursday, July 22.

Core funds carryforward is scheduled to post this Friday, July 23.

View more details about fiscal year end here.

Fiscal year end close schedule adjustment

We’re extending part of the fiscal year end schedule to give central units time to process financial activities that must be reported to the state. FY21 will still close in Workday today.

What this does impact is the amount of time before you’ll see the roll forward of assets, liabilities, and retained earnings. We are targeting completing processing by July 19. We will inform you once carryforward is posted and available in Workday.

» More …