Take these two steps to avoid position funding going to suspense
Do you have questions about what to do with newly created positions that cross the fiscal year, or how to prevent expired funding from going into suspense? Take a look at the helpful tips below.
Here’s what to do with newly created positions that cross the fiscal year:
1. Creating positions that are effective prior to July 1, 2017? You need to create a new July funding row in the CU Funding Entry Page after the position is created. For more information about how to treat PETs and ePAR transactions created in July for Fiscal Year 2017 funding, please review the funding matrix.
Prevent expired funding from going into suspense:
2. Fiscal Year 2018 Rollover funding rows effective July 1, 2017 with an updated funding end date of July 31, 2017 (from a Fiscal Year 2017 row funding end date equal to, or earlier than, June 30, 2017) must be identified and updated before August payroll.