Taking time to proactively check for data mismatches and active funding status in HCM can prevent delayed paychecks.
The fiscal year 2022 (FY22) Department Budget Table (DBT) roll forward occurred on June 29.
Fiscal year 2022 (FY22) begins on July 1. Ensure that this year’s payroll (and effort) is allocated correctly before the close of fiscal year 2021.
The fiscal year 2022 (FY22) Department Budget Table (DBT) roll forward will occur on June 29.
A new department budget table is required for each new position, each time a position changes department, and each time the fiscal year changes.
Verify pay funding sources as soon as the payroll registers are ready and take action to amend errors.
June 30 marks the end of the fiscal year. Paying close attention to funding sources and project deadlines each payroll cycle will reduce errors.
The clock is ticking: Complete and approve Payroll Expense Transfers by 6 p.m. July 13.
In accordance 2018 legislation (SB 18-200), PERA contributions rates for employees and employers will increase on July 1. In addition, the Colorado legislature has advanced a bill to suspend a one-time $225 million state payment to PERA fund.
Watch for overpayment payroll credits and complete payroll expense transfers by FIN 2nd close.

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