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What happens to my cash balances on June 30th fiscal year end?

April 26, 2017balances cash happens

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What happens to my cash balances on June 30th fiscal year end?

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The auxiliary ending cash balances on June 30th are rolled over as beginning cash balances on July 1st. Therefore, unlike E&G accounts that have there available balances swept at the end of the fiscal year, auxiliary accounts rollover all of their unused cash with no time limitation for spending of those funds.