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[normative_]

Assuming you have a budget for expenses, do you lose what you don't spend, or can you carry on balances into 2010? And do you lose it if you don't submit by the beginning of December? Will you remember to submit everything in time / place orders to spend what you haven't yet?

For some of you, this is perhaps a friendly reminder. December always sneaks up on me faster than I expect. I have to spend some money now, probably on books, since I travelled on business less than usual this year.

[higherandhigher]

Every university I ever worked at had a fiscal year ending June 30 or July 31.

[shrek]

the end of my fiscal year isn't till Aug 31 plenty of time to spend out budgets

[madhatter]

I worked at one place that moved their fiscal year from the academic year to the calendar year. It was manageable, but, yes, we did have to get our expenditures taken care of by end of December. There was a bit of a grace period in January for submitting paperwork. (Because nobody is around at the end of December to close the books, anyway.)

[aneumey]

We can keep it for 2010. 

[stitch]

I worked at one place that moved their fiscal year from the academic year to the calendar year. It was manageable, but, yes, we did have to get our expenditures taken care of by end of December. There was a bit of a grace period in January for submitting paperwork. (Because nobody is around at the end of December to close the books, anyway.)

I know I'm late, but as an accountant, I must disagree.  Closing the books of a large university is a huge amount of work.  The period is open through part of January while we finish closing, not because we got to take extra time at the holidays.  In fact, I wouldn't be surprised that your accounting staff were not allowed to take any extra vacation days (beyond school wide shutdown days/holidays) in December due to prepping for close.

/gripe

[madhatter]

I'm not an accountant, so I just figured they were lazy. <ducks>