1. Presented By: Barb Shafer & Heather Hanna Business Services & Financial Services Presents: Updated 3-5-15

2. Cash – all funds must have positive balances  All funds must have positive cash balances by June 9, 2015.  To verify your fund balance, go to FGITBSR in Banner and put in your fund. **Please note that you do not need to check fund balances on general operating funds (funds beginning with 61xxxx).  Please contact Heather Hanna at x1682 if you have any questions or need additional information.

3. Expenditures/Revenue/Payroll Corrections:  All requests for journal corrections to be made for FY15 should be received in Financial Services office on or before 5:00 PM July 2, 2015. The Finance Expenditure Correction form can be found Online at: http://www.msubillings.edu/FinancialServices/forms/ExpenditureCorrectionReq uest.pdf  Please contact Heather Hanna at x1682 if you have any questions or need additional information.  All ETF’s for payroll corrections for FY15 should be submitted to Financial Services/Payroll by July 2 nd, 2015.

4. Warrant for Cancellation  Any payment that needs to be canceled should be received in Business Services by 11 AM June 10 th in order to get them processed before the state cutoff.

5. Change Fund Reconciliation  Any Department with approved change funds. Reconciliation of those funds is required by June 30 th.  If you do not have an approved change fund make sure any campus money is deposited by Noon on June 30 th.

6. Cash Deposits/Refunds  All cash deposits must be receipted in the Business Services, Cashier window by NOON, Monday June 30th.

7. Invoices/BPA’s/Travel Reimbursements  Vendors: All invoices with BPAs (Banner Payment Authorizations) must be received by Business Services, Accounts Payable, by Noon, July 2 nd.  Please process invoices as soon as possible before June 26 th ; this will greatly reduce “last day” workloads and the number of accruals.  Please anticipate your needs early and order accordingly; acquire items only in a reasonable quantity that will be consumed in the current fiscal year.

8. Purchasing Cards: PCARD Transactions: ** Purchases Made in June on the PCard are not guaranteed to process in time for FYE closing**  June P-Card Dates  Last Day to Charge: Saturday, June 20 th.  See Those Charges in Banner no later than: Tuesday, June 23 th, after 8:15 AM  All Charges for this cycle MUST be posted in Banner by: NOON, Wednesday, June 24 th  June 13th Month P-Card Dates  Last Day to Charge: Tuesday, June 30 th  See Those Charges in Banner by: Thursday, July 2 nd, after 8:15 AM  All Charges for this cycle MUST be posted in Banner by: NOON, Monday, July 6 th

9. Accruals  Accruals are processed for expenditures to outside sources for which the goods or services were ordered in FY15 but have either not been received or have not been paid.  There are two Types of Accruals.  A Accrual  B Accrual

10. Accruals Continued:  It is especially important that you answer the question “Were goods or services received on or before June 30 th ?”  If your answer to this question is “no”, you have an “A” accrual. The goods and services were received ‘A’fter June 30 th.  “A” accruals will only be recorded for expenditures using General Operating funds, as they are needed only for state budget purposes.  “A” accruals will only be processed for purchases greater than $1,000.  If your answer to this question is “yes”, you have a “B” accrual, the goods and services were received ‘B’efore June 30 th.

11. Accruals Continued:  If an invoice is not received by June 30 th, please use the following guidelines for all departments, regardless of funding source:  Purchases valued at less than $1000 will not be accrued.  Business Services will automatically review the PO’s and DPO’s on file and research if any need to be accrued.  Submit and/or contact Business Services about any outstanding order(s) or payments.

12. Purchase Requisition/DPO Schedule  The following Purchase Requisition (PR)/DPO cutoff dates have been coordinated with the State Procurement Bureau to synchronize with the processing times and deadlines set by the State of Montana. If you need to make purchase before the end of Fiscal Year 2015 Please Note: All dollar amounts shown represent Total Contract Value (TCV), which includes the value of any potential renewals.  Other than controlled commodities, MSU-Billings Purchasing has the authority to process Requisitions with a total contract value (including renewals and options) up to $150,000. If the TCV of the PR/DPO exceeds $150,000, we will send a Requisition to the MSU Bozeman Procurement Services for processing. REQUISITIONS FOR CURRENT FISCAL YEAR, FY 2015  Requisitions exceeding $150,000 will need to go through MSU Bozeman, as MSU Billings cannot spend over this amount within its delegated authority. If you have something of this magnitude on the horizon, please contact Business Services immediately.  Other requisitions (valued under $150,000) need to be turned in to Purchasing according to the following timetable to ensure adequate time for bids to be awarded:  Procurements that require Competitive Bidding: Monday, May 18 th  Procurements that do not require a competitive process (Sole Source, procurement exempt, etc.): Friday, May 29 th

13. Purchase Requisition/DPO Schedule Cont.  REQUISITIONS FOR NEXT FISCAL YEAR FY 2016  Requisitions/DPO’s involving FY 2016 funds may be processed prior to July 1, 2015; however, the Department must indicate the following on the Purchase Request: NOTE: THIS IS A JULY FY2016 ORDER.

14.  May 20, 2015: Purchases over $5,000 that require Competitive Bidding.  May 29, 2015: Purchases over $5,000 that do not require Competitive Bidding.  June 3, 2015: Technology Equipment Purchases  June 9 2015 : Positive Cash Balances & Warrant Cancellations  June 10, 2015: Purchases under $5,000, This will include purchases through eMarket (previously Central Stores)  June 15, 2015: Copy Room & Print Shop Orders  June 20, 2015: Credit Card Purchases  June 30, 2015: Deposits and Receipts and Change Fund Reconciliation  July 2, 2015: Vendor Payments for FY 2015, Accruals, Travel Reimbursements, Expenditure/Revenue/Payroll Corrections, Budget Adjustments. *** ALL DATES ARE TENATIVE TO CHANGE ***

15.  Contact Information:  Business Services – Barb Shafer 657-2151  Financial Services – Heather Hanna 657-1682  Budget Office – Dean Hanson 657-1680