A negative FM balance occurs when your Funds Center(s) have spent or committed more money than exists in your budget for a give fiscal year. These negative FM balances are
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Year-end Operating Reserves are a division's net overspending (deficit) or underspending (surplus) amount at the end of a fiscal year. Accurately calculating the operating reserves can play an important role
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Year-end Operating Reserves are a division's net overspending (deficit) or underspending (surplus) amount at the end of a fiscal year. Accurately calculating the operating reserves can play an important role
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The university policy requires that all departments reconcile their actual transaction with their Statement of Accounts on a monthly basis. This ensures that all transactions are completely/accurately recorded in FIS.
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