Ohio University

Balance Rollforward

The FY20 beginning fund balances for Foundation accounts and University endowment accounts were posted to OBI on Friday, 8/16/19. Any questions should be directed to Candice Casto at castoc@ohio.edu or 3-1901.

The FY20 beginning fund balances for Unrestricted and Designated cost centers were posted to OBI on Friday, 8/16/19. Consistent with prior years, Unrestricted cost-center activity for Administrative Units is being held in a central University account, and will be redistributed based on approved fund balance requests. Administrative Unit fund balance requests should be submitted to the Office of Budget Planning & Analysis (budgetplanning@ohio.edu) no later than 8/30/19. Any questions should be directed to budgetplanning@ohio.edu

The FY20 beginning fund balances for all Student Organization accounts (University, Foundation, & Student Funded Agency) & Restricted accounts were finished rolling forward on Friday, 8/16/19.  Any questions should be directed to Kris Sano at sanok@ohio.edu or 7-9933.

NOTE:

If you review FY20 transactions in the 300200-Fund Balance Special Close object code you will only see the transaction to rollforward the FY19 Net Activity.  This transaction brings your FY20 beginning balance to the correct amount.  This is a new process for FY19 to FY20 balance rollforward and will be the process moving forward.

Example of new process & drilldown from OBI GL Funds Available:

Screen #1:

Balance Rollforward 1-4

Screen #2:

Object Summary

Screen #3:

When drilling down from Object 300200 above for (7,495.52) you will only see the transaction for the net activity rolled forward from FY19 to FY20 to bring the beginning balance to the correct amount.

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