CARAT End of Fiscal Year Deadlines

Fri, 31 May 2024 09:50:51 -0400

Good morning!

The end of the fiscal year is fast approaching! This means that the University has shorter processing periods in the month of June for all types of financial transactions so that they can close out their books for the year. Transactions requested by CARAT after the University deadlines will be processed by the Central Offices after July 1st, 2024.

If you have transactions that need to post before June 30th, in order for CARAT to process your requests in time, please be aware of the following deadlines.

Types of Transactions / COB Deadline to notify CARAT of transaction

Today, May 31

PAW Requisitions / Purchase Orders

Friday, June 7

PAW Payment Requests (non-travel related reimbursements, honorariums, etc.)

Travel Reimbursements

P Card Purchases

Tuesday, June 11

Working Fund Requests / Reconciliation

You can still request transactions after these dates, but they may not be processed by the Central Offices until after July 1st, 2024 when regular processing resumes.

Please contact us as soon as possible using the CARAT RT Ticket System if you would like to make a transaction this fiscal year or you have any questions. If you have already sent a request, please know that it is in our queue for processing. You can see the status of your ticket by visiting rt.umbc.edu or by following up on the email sent when the ticket was generated.

Thank you for your attention to this matter,

CARAT