Key Dates and Important Reminders for August and As We Begin the New Fiscal Year

Summer is still in full swing, but preparations are already underway for the upcoming academic year. As we transition into FY27, Finance is sharing important August dates, reminders, and resources to help departments complete key fiscal year transition activities and prepare for a successful year ahead. These final steps help ensure a smooth start as we welcome back our returning students, faculty, and staff, along with the newest members of the Ohio University community. We look forward to another great year of serving our Bobcats and supporting the people who make Ohio University such a special place.

August Dates to Be Aware Of:

Please take a moment to review the important reminders below to help your department prepare for a successful start to the new fiscal year:

• Review Budgets and Accounts
  • Review your FY27 budget load and work with the Budget Office on any questions
• Plan for Purchases and Payments
  • Make sure you have created your blanket PO’s for FY2027
  • Remember to update the default cost centers in Concur, if there are changes for FY26
  • Ensure that Concur delegates/proxies are current
  • Be sure to review FARM and make any necessary updates to ensure approvers are current. Approvers often require an update due to new hires and departing employees with the change of the fiscal year
• Clear outstanding transactions
  • If you booked a prepaid or an accrual be sure that those reversed properly in FY27
• Update any asset or inventory records
  • If you did any summer cleaning, be sure to update your departmental equipment inventory to ensure that University assets are up-to-date for insurance purposes
• Train or Refresh          
  • If you have new hires please make them aware of all the resources Finance has available to help them learn how we do business at Ohio University. For returning employees, it never hurts to refresh your knowledge, and these are great resources to reference – even for our veteran Bobcats!
    • Make sure the folks in your area that handle financial transactions subscribe to the Business Matters list serve to receive the e-newsletter each month
    • Business Matters on-demand articles
    • Training Resources
    • Quick Reference Guides
    • Payment Cards (Pcards) Resources
    • Travel Resources
    • Finance Operating Calendar            
    • Purchasing Guide
    • And many more on the Finance website!   

As always, if you have questions please do not hesitate to reach out to us at financecustomercare@ohio.edu or enter a request ticket right off of our main page.