Administration & Finance Calendar Information and Deadlines

 

Current Information

Jun
25
Tue
Last day to submit Foundation check requests for FY24
Jun 25 all-day

Foundation check requests for FY24 must be received in the Foundation office by noon today. DO NOT submit FY25 check requests prior to July 1st.

Last day to order from the Storeroom. Orders must be received by 10am
Jun 25 @ 10:00 am
3pm – Storeroom closed for inventory – Last day to complete Stores adjustment entries
Jun 25 @ 3:00 pm

Last day to complete Stores adjusting/correcting entries, by 3pm. Store Room closed for Inventory

Jun
27
Thu
Credit Card receipts must be settled by close of business and submitted to Cashiers
Jun 27 all-day
CashNet taken Offline shortly before 5pm
Jun 27 @ 5:00 pm

Shortly before 5pm, Cashnet will be taken Off line.

Jun
28
Fri
Last FY24 pay date for Summer Student Aides
Jun 28 all-day
Last pay day in FY24 for wage and student employees
Jun 28 all-day
ALL cash receipts, deposits, payments and credit card settlements submitted to the Cashiers Office no later than 9am
Jun 28 @ 9:00 am

All cash receipts, deposits and credit card settlements submitted to the Cashiers Office no later
than 9am.

Banner down beginning at 3pm
Jun 28 @ 3:00 pm – Jul 1 @ 12:00 pm

Banner is taken down for year end processing. This includes SSB and Report Central.  Restricted Users are allowed access.  Banner is expected to be back on line on July 1st around noon.

Jul
1
Mon
Fiscal Year 2025 begins
Jul 1 all-day

Fiscal Year 2025 begins July 1, 2024 and ends June 30th, 2025

Jul
16
Tue
BUG Meeting 2:00-3:00 via ZOOM
Jul 16 all-day
Sep
20
Fri
Fixed And Aggregate Asset Refresh
Sep 20 all-day

As we head into the second quarter of FY25, it is a good time for a Fixed and Aggregate Asset refresh!

 

A fixed asset is a piece of equipment (or a group of components that make up a functional unit) with a useful life of at least one year and a cost of $2,000 or greater.  Fixed asset purchases require the use of an account code ending in an ‘F’ in both eVA and WORKS.  A few common examples are an AV System, office furniture, lab equipment, etc.

Aggregate assets are a group of identical pieces of equipment with a useful life of at least one year that have a cost of less than $2,000 individually, but combined together have a total cost of $10,000 or greater.  Aggregate assets require the use of an account code ending in an ‘A’ in both eVA and WORKS.  Common aggregate purchases include groups of identical pieces of furniture, computers, fixtures, etc.

For SPCC purchases of fixed and aggregate assets, please make sure that you take note of the date that the equipment was received and/or installed and record it either in your WORKS paper file or on the comment section of WORKS transaction.  This information is required for Banner entry of assets.

For annual software subscriptions – if you purchase software using 72218L, please include the subscription start and end dates in both eVA and WORKS.

As we move through the fiscal year, monthly WORKS reviews are completed for all purchases over $2,000 regardless of account code.  Information may be requested about a purchase you made to include: clarification of item(s) purchased, invoice, receiving/installation date, location and who the end-user of the equipment/purchase is.  Frequently, we find coding difference between eVA and WORKS, please be mindful that your coding in WORKS matches your original eVA order.

If you have a big equipment purchase coming up, please contact Arin in Fixed Assets (adoerfle@umw.edu) before entering your order in eVA!  As always, if you have any questions about fixed or aggregate assets reach out to Arin.