July 15, 2024
Hello Campus Partners,
In early December, FP&A sent out email notifications regarding your specific units’ 4% salary savings reductions and FYE 2023 deficit carry forward (see copy of screenshot of notification below).
This email is a follow up to remind you that deficit balances at the end of fiscal year 2023-24 will carry forward into FY 2024-25 at the financial HR unit level irrespective of the Org’s ending balances.
Any necessary cleanup at the fund and financial HR unit level should be done prior to the fiscal year-end deadlines.
Please share this information as needed. If you have any questions, please do not hesitate to email Budget@ucmerced.edu.
