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 [ Read More ]
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 [ Read More ]
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 [ Read More ]
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. [ Read More ]