The fiscal year 2024-25 (FY25) Department Budget Table (DBT) roll forward will occur on June 27.
Ensure that this year’s payroll (and effort) is allocated correctly before the close of the fiscal year.
Ensure that any earnings still due when an employment contract terminates early are successfully paid out with the correct funding.
To manage position funding between now and fiscal year-end, the “Apply to Next Fiscal Year” feature will be enabled beginning May 1.
Occasionally, you’ll need to correct errors in payroll after it processes. CU’s HCM Payroll Expense Transfer (PET) solution has a number of helpful features to make reallocating funding a breeze.
There are a few best practices to keep in mind while reviewing paychecks to ensure that employees are paid correctly and funding posts correctly. As we approach fiscal year-end, become acquainted with the tools to ensure all pay is posted correctly before fiscal year-end on June 30.
Follow these payroll funding “best practices” to avoid payroll funding headaches.
Avoid surprises by understanding how payroll funding may be affected when cross campus collaboration includes cross campus payroll funding.
There’s more to taxable income than regular salary — awards, tuition assistance, gift cards and even some family benefit costs can be subject to tax. Remember: Any unpaid employee taxes are redirected to the unit — see how to query for these charges.
In addition to the usual year-end tasks, specific situations can arise with grant-funded positions and the electronic Personnel Effort Reporting System (ePERS).

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