Fiscal Year End Closing 2017

Prior to the close of the FY17 fiscal year on Friday, July 14th, users may not see all of their Fiscal Year Fund Balance type funds (i.e., PI Overhead and Department Discretionary funds) in SUMMIT:
o If the fund has not had any activity in FY18, the fund will not be listed on the Summary page in SUMMIT. Once the initial close of FY17 is done on Friday, July 14th, the FY17 ending balances will be carried forward as the FY18 beginning fund balances, and users will see all of their Fiscal Year Fund Balance type funds in SUMMIT.
o If a user’s fund has had activity in July, the fund will be listed on the summary page in SUMMIT, but the beginning fund balance will be 0.00 until the initial close of FY17 is done on Friday, July 14th.
o If a user changes the “Through Fiscal Period” filter back to 2017-12 (Jun, 2017), the user will see all of their Fiscal Year Fund Balance type funds and the ending balance at June 30, 2017.

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