As we approach the end of Fiscal Year 2024, below are the Labor Accounting dates and deadlines for this week. Please go to the Finance Gateway for the complete FY2024 year-end closing guidance.
- Friday, June 28, 2024 at 5 p.m.: Please ensure that there is a FY25 budget set up in the Budget Tool for all project/department combos for salary distributions to roll forward.
- Sunday, June 30, 2024: Employee salary distributions will be rolled forward from FY24 to FY25. All Salary Distributions that meet the criteria listed below will be rolled forward for FY25:
- Salary profiles that will roll over to FY25:
- Employees who have a funding end date of 6/30/2024 and are being charged to non-sponsored projects.
- Employees who have a funding end date greater than 6/30/2024 (e.g. 9/1/2024) regardless of the funding source.
- Salary profiles that will not roll over to FY25:
- Employees who have a funding end date earlier than 6/30/2024 regardless of the funding source (e.g., charged to a UR project but with an end date of 5/31/2024).
- Employees who have a funding end date of 6/30/2024 and are being charged to a sponsored project.
- Employees who have a current FY25 Salary Distribution with a funding start date greater than or equal to 7/1/2024 regardless of the funding source.
- If an employee’s admin department changes effective 7/1/2024 the old distribution will not roll forward.
- Monday, July 1, 2024: Departments can enter a new FY25 Salary Distribution for allocations that were not rolled forward.
If you have any questions, please contact the HR Service Center. You can log an incident or request a service by using a self-service web form, or you can contact the HR Service Center by phone: (212) 851-2888 Monday-Friday, 9 a.m. – 5 p.m.
