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Fiscal Year 2016 financial close dates set

May 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:

  • 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 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.

Miscellaneous Reminders from Procurement Services

  • Equipment costing $100 or more cannot be purchased using an open order.
  • When submitting purchase requisitions for services, please indicate the dates when services are required (start and end dates).

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