Year End Closing
Emily J. Hamby, Director
In order to facilitate an orderly year-end closing and to encumber remaining funds, it is necessary to establish cut-off dates for all requisitions to purchase. These dates do not apply to contract and grant funds that do not expire June 30, 2000.
Orders above $25,000 that require competitive bidding should be submitted as soon as possible: A sealed bid usually requires 45 days to specify, advertise, open, evaluate and award before a purchase order can be issued.
Requisitions requiring IRR approval (computer and communication purchases above $20,000) should be submitted no later than June 16.
Requisitions that must be processed by June 30 should be received in Purchasing by 5:00 p.m. on June 23, 2000 including contracts and grants, which expire June 30, 2000. The last working day is June 30.
The last day Disbursement Services can ensure payment of invoices is June 9.
If you have any questions concerning the schedule or have problems with a Purchase Order, please call your Purchasing Office.