As the end of the 2015 fiscal year draws closer, the OVPR would like to remind faculty members who are funded through internal grant programs that these grants are subject to the university’s end-of-year deadlines for expenditures.
Depending on the type of purchase and mechanism of payment (voucher, requisition, departmental purchasing card, etc.), different cut-off times apply to ensure the transactions are recorded in the correct fiscal year.
Investigators are responsible for adhering to the end-of-year deadlines and no exceptions or extensions can be made, so faculty are encouraged to process grant-related transactions as early as possible to avoid any problems that may result from last-minute purchasing.
Click here to view a full list of FY 2015 end-of-year deadlines on the university’s TRAX Help website. Contact the Office of Sponsored Programs at 254-710-3817 with any questions.