April 30, 2011 Fiscal Year-end Closing

PDAD&C#60, 2010-11

To:
 Principals, Deans, Academic Directors and Chairs
 Divisional Business Officers via AMS listserv
 Divisional Financial Officers via DFO listserv
From:
 Pierre Piché, Controller and Director of Financial Services
Date:
 March 10, 2011
Re:
 April 30, 2011 Fiscal Year-end Closing



As we approach the end of the 2011 fiscal year, it is important to ensure that all financial activity for the year is accurately recorded in your accounts prior to closing the accounts.  In order to assist you, please refer to the following pages on the Financial Services website:

The following link provides a detailed explanation of year-end accounting guidelines, reporting requirements (including the divisional carryforward), AMS system availability and available training sessions.  Please note that AMS will close for year-end processing on Tuesday, April 26, 2011 at 8pm, and during the week prior to year-end close, FIS will be closing in the early evening on most days:

http://www.finance.utoronto.ca/gtfm/fm/reporting/fyclose.htm

For a detailed listing of submission deadlines and contact information:

http://www.finance.utoronto.ca/gtfm/fm/reporting/fyclose/yedeadlines.htm

For special processing and reporting after year-end closing (April 27 to April 30, 2011):

http://www.finance.utoronto.ca/Assets/Finance+Digital+Assets/gtfm/fm/amsmatrix.pdf

Specific questions may be referred to the following individuals:

Accounting Services
Lou Ranalli
978-8185
Restricted Funds
Helen Choy978-2981
Training Sessions
Angela Namaro978-4675
AMS Availability
Lorena Gaudio
978-2802
High Value Purchases
Caroline Bogner
946-5621
UShop
Laura Bunston
978-7025