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Fiscal Year 2016 financial close dates set

March 2, 2016

Photo of a calculator and a ledger bookNIU’s Division of Administration and Finance has begun planning for Fiscal Year 2016 financial close, scheduled for July 15.

The cooperation of all departments is needed to keep to this schedule. Key dates to report year-end data and information:

  • Notification of all purchase order rollovers and accruals to Procurement Services: April 1
  • All FY2016 approved invoices to Accounts Payable Services: May 31
  • Year-end cutoff date for posting any activity prior to June: June 17
  • Year-end cutoff date for posting any June activity: July 15

Reminder emails will be sent throughout the period beginning March 14 and ending June 1.

Accounts Payable Services and Procurement Services team members will contact those who need assistance with invoice approvals and/or rollovers. Both departments also will send notices to vendors in early May to send their invoices in time to meet the May 31 date.

For more information, call (815) 753-1671 or email [email protected].