Please see the following documents for more information on the closing process.

  • Fiscal Year Closing Process (PDF)
  • Sample Fiscal Year Closing (PDF)


During the month of June, closing workshops are held jointly by the General Ledger Operations Group and the Budget Group to explain the closing process and applicable procedures. The schedule of the workshops will be sent by email and will be posted on the Budget Group home page.

Shortly before the end of the fiscal year, preliminary budget vs. actual reports will be sent to units from OBFT. During the following two weeks, units may need to process JVs to accrue/defer expenses and revenues to ensure that they are apportioned to the appropriate fiscal year and that there are no budget overruns.


  • FY2008 Closing Schedule