Key August Dates and Important Reminders for the New Fiscal Year
July 28, 2025
These final weeks mark the culmination of summer activities and preparations for the launch of the fall term. As we wrap up another successful fiscal year, we want to share important dates and reminders for August and a few reminders to smoothly transition into the new academic year - ready to welcome our new and returning Bobcats!
August Dates to Be Aware Of:
| Results available in OBI for 2nd Preclose June GL/Grans (does not include June IDC distribution) | Friday, August 1, 2025 |
| FY25 Indirect Distribution (IDC) JE and Grants Revenue Mass Allocation JE for June 2025 Posted | Friday, August 1, 2025 |
| Finance to review and clear all deficits for Internal Awards, Grants, and Capital Projects on PTAās | Monday, August 4, 2025 |
| Final June results available in OBI | Thursday, August 7, 2025 |
| FY26 balances available in OBI (rollforward complete) | Saturday, August 9, 2025 |
Please take a few moments to review the key reminders below and ensure your department is prepared to begin the new fiscal year:
- Review Budgets and Accounts
- Review your FY26 budget load and work with the Budget Office on any questions
- Review your carryforward balances after they rollforward on August 9th
- Plan for Purchases and Payments
- Make sure you have created your blanket POās for FY2026
- Remember to update the default cost centers in Concur, if there are changes for FY26
- Ensure that Concur delegates/proxies are current
- Be sure to review FARM and make any necessary updates to ensure approvers are current. Approvers often require an update due to new hires and departing employees with the change of the fiscal year
- Clear outstanding transactions
- If you booked a prepaid or an accrual be sure that those reversed properly in FY26
- Update any asset or inventory records
- If you did any summer cleaning, be sure to update your departmental equipment inventory to ensure that University assets are up-to-date for insurance purposes
- Train or Refresh
- If you have new hires please make them aware of all the resources Finance has available to help them learn how we do business at 51ĀŅĀ×. For returning employees, it never hurts to refresh your knowledge, and these are great resources to reference ā even for our veteran Bobcats!
- Make sure the folks in your area that handle financial transactions subscribe to the Business Matters list serve to receive the e-newsletter each month
- Business Matters on-demand articles
- Training Resources
- Quick Reference Guides
- Payment Cards (Pcards) Resources
- Travel Resources
- Finance Operating Calendar
- Purchasing Guide
- And many more on the Finance website!
- If you have new hires please make them aware of all the resources Finance has available to help them learn how we do business at 51ĀŅĀ×. For returning employees, it never hurts to refresh your knowledge, and these are great resources to reference ā even for our veteran Bobcats!
As always, if you have questions please do not hesitate to reach out to us at financecustomercare@ohio.edu or enter a request ticket right off of our main page.