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Suspense Clearing
By Marli Bober
The fiscal year end is upon us and suspense has
grown to $3 Million seemingly overnight. In
the last 8 months, suspense has averaged
around $1.5 million, so this represents a
significant increase. I realize that summer
poses a problem for some positions that are
not set up on time, but I am requesting that
the departments focus to reduce this to zero
as soon as possible.
Remember that we enter everything in the system
after we receive it from you by Friday. We run the suspense/reallocation process
every Friday and they should post in finance on Monday or Tuesday following
budget check. You can verify if yours have been entered by looking at the
reallocation pages.
ALL suspense must be cleared by 8/31/08. We appreciate your assistance.
Click here for instructions on how
to run the Fiscal Year Suspense Report.
