Clemson University’s business organization extends across a network of personnel from colleges and administrative divisions to the institutional financial area. The Fiscal Year Closing Schedule is established to communicate and assist in planning processes for current fiscal year-end closing. The objective of the year-end closing process is to record all receipts/revenues and disbursements/expenditures in the proper fiscal year. An accurate fiscal year-end cutoff is important for all funds, not merely State appropriated funds. Various audits, reports and financial statements require that even sponsored projects, capital projects, and the University’s related organizations accurately report their transactions as of the University’s June 30 fiscal year-end. Unless specifically noted, this Fiscal Year Closing Schedule applies to, not only Clemson University, but also to the Clemson University Foundation and the Clemson University Research Foundation.
Specifics can be found on the Controller Office’s website – take a look! https://www.clemson.edu/finops/controller/reports-schedules/closing-schedules/planning-details.html
