BS5762 - Fiscal Year/Budget Year

1. Institutional Regulations
   
   The Business Office shall maintain the College’s accounting records on a fiscal year basis ending each June 30^th.
    
2. Procedure
   1. All accounting, budget data, year-end closing activities and reports shall be maintained on the fiscal year basis.
   2. Specially funded projects, which overlap fiscal years, will initially be established with a budget for the entire funding period. At the end of the fiscal year, unexpended budget balances will be reestablished as the budget for the project in the next fiscal year. This will allow the budget balance reports to reflect the actual budget balance remaining of the total funds authorized for the project.