CARAT End of Fiscal Year Deadlines
The end of
the fiscal year is fast approaching! This means that the University has
shorter processing periods in the month of June for all types of
financial transactions so that they can close out their books for the
year. Transactions requested after the University deadlines will be processed by the Central Offices after July 1st, 2025.
If
you have transactions that need to post to an award before June 30th,
in order for CARAT to process your requests in time, please be aware of
the following deadlines.
These dates are especially critical for Principal Investigators whose grants are closing!
Types of Transactions / COB Deadline to notify CARAT of transaction
Payroll Requests Friday, May 23, 2025 (check date 6/20/25)Paw Requisitions / Purchase Orders Tuesday, May 27, 2025
PAW Payment Requests Friday, June 6, 2025
Travel Reimbursements Friday, June 6, 2025(reimbursements, honorariums, etc.)
P Card Purchases Friday, June 6, 2025
Working Fund Requests / Reconciliations Friday, June 13, 2025
Transactions
may still be requested after these dates, but they may not be processed
by the Central Offices until after July 1st, 2025 when regular
processing resumes.
Please contact us as soon as possible using the CARAT RT Ticket System if
you would like to make a transaction this fiscal year or you have any
questions. If you have already sent a request, please know that it is in
our queue for processing. You can see the status of your ticket by
visiting rt.umbc.edu or by following up on the email sent when the ticket was generated.
Thank you for your attention to this matter,
CARAT
Posted: May 21, 2025, 12:33 PM