Fiscal year 2026 updates from the Financial Services department

Fiscal year 2026 has commenced. The Financial Services department would like to thank everyone for their assistance in ensuring a smooth closure for Fiscal Year 2025.

Review the updates below that will impact Fiscal Year 2026:

Journal Voucher approvals – new requirement

Journal Voucher approvals will now require a second approval. All entries will continue to route to the appropriate approval queue. Once the initiator has submitted the entry, a second person in the queue must approve; however, initiators can still reject/disapprove their entries if corrections are needed before the second approval is processed.

Requisitions in Wu-Buy

Requisition functionality in Banner has officially retired. Moving forward, all requisitions must be submitted through Wu-Buy. If you have questions, please refer to the following resources:

Cash Carryforward Budgets

Cash Carryforward Budgets for Fiscal Year 2026 were not loaded, except for funds that aren’t budgeted in TM1. If you have questions, refer to the Budgets Transfers and Adjustments section on the Budget Maintenance Post Adoption website page or Budget Office.