---

Announcement on Reimbursement for Fringe Benefit Expenses:

The following message only pertains to the College Park Campus and only to College Park's KFS users' state-supported accounts. As previously communicated in the FY17 Budgetary Guidelines from the Provost back in July (http://www.provost.umd.edu/pers-bud/finpolanalysis/index.html), reimbursement for fringe benefit expenses to state-supported "fringe-reimbursable" accounts will be reflected in the August activity and on the August month-end KFS statements. A new object code, "2798 - Central Fringe Benefit Reimbursements" has been created and is being used for the monthly reimbursement. In August, you will see two sets of transactions: 1) credit for July fringe benefit expenses, and 2) credit for August fringe benefit expenses. We are using a newly created Automated Journal Entry (AJE) to post the credits to these state-supported accounts; the activity will post on the last day of the month. Going forward, each month the AJE will post a credit to reimburse the account for fringe benefit expenses charged to object codes 2701 - 2797 and 2799 during that month; the AJE process will always run at month-end and appear in the KFS activity for the current month in which the benefits expenses were charged. Please also note that reimbursable cost share accounts are being handled separately but in a manner consistent with the above; those accounts were previously reimbursed for July activity and will be credited for August expenses along with the upcoming month-end process. Please note that any corrections (there were a few accounts identified at the end of July) will be posted in August and these accounts should be fully reimbursed, on a year-to-date basis, as of the August month-end close. Please do not hesitate to let us know if you have any questions about this process. If you are in an academic unit, please contact your College Business Officer, particularly if you believe an account should have been included in the reimbursement process. College Business Officers should contact either Dylan Baker or Dan Ramia for additional guidance. For non-academic units, please contact Danny Catalano (x5-7827, dannyc@umd.edu) or Michael Simms (x5-2107, mksimms@umd.edu) in the Office of Budget and Fiscal Analysis. Many thanks for your support and patience as we implement this new process for FY17.

FY17 Monthly Accounting Closing Schedule
Month End	Day of the Week	Date	Payroll Pay Periods Included
July (FY17)	Friday	07/29/2016	PP01; PP02
August	Wednesday	08/31/2016	PP03; PP04
September	Friday	09/30/2016	PP05;PP06
October	Monday	10/31/2016	PP07; PP08
November	Wednesday	11/30/2016	PP09; PP10
December	Thursday	12/29/2016	PP11; PP12; PP13
January	Tuesday	01/31/2017	PP14; PP15
February	Tuesday	02/28/2017	PP16; PP17
March	Friday	03/31/2017	PP18; PP19
April	Friday	04/28/2017	PP20; PP21
May	Wednesday	05/31/2017	PP22; PP23
June	Friday	06/30/2017	PP24; PP25; PP26
June (Interim)	Friday	07/14/2017	N/A
June (Final)	Friday	07/21/2017	N/A
July (FY18)	Monday	07/31/2017	PP01; PP02

 

ANNOUNCEMENTS

---

Directions for removing Travel and PO Encumbrances can be found on these links:

Travel Encumbrance Removal

PO Encumbrance Removal

Month End Notice:

KFS month end processing will be Friday, 9/30/16. Please have your Auxiliary Vouchers, Distribution of Income and Expense, General Error Correction, Transfer of Funds and Salary Transfer documents into the Comptroller Office Reviewer Groups by Noon on 9/30/16 for inclusion in the September month end process.

Training:

Training registration is now available. Please go to the Training menu and select the Training Registration for more details.

Multi-Factor Announcment:

Information on Multi-Factor can be found on this link:

Multi-Factor Announcement