What happens when a there is a change in Fund Year structure on a sponsored fund?
Any change in the fund year structure, which either eliminates or overwrites existing fund years, must be routed to the award setup manager for approval. If the award setup manager agrees to the change, transactions must be zeroed out at ALL account levels (expenditure, revenue, unexpended balance, accounts receivable, deferred revenue) before the account-fund profile is modified. Once the account-fund profile is modified, the changes will be passed to Accounts Payable’s Speedchart Desk, with a list of all ACTIVE speedcharts associated with the prior fund year structure. The speedchart desk will make appropriate changes to the speedchart and notify the department.
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