As part of the fiscal year-end process improvements, Cash Carryforward Budgets were not loaded for Fiscal Year 2026, except for funds that are not a part of the TM1 budgeting process (SRO and Safekeeping funds). This change was made to streamline budgeting practices and encourage timely budget entry by departments.
What this means: Some financial reports that departments commonly use rely on the cash carryforward budget to reflect beginning cash balances. As a result, these reports may currently display inaccurate information.
What you should do:
- Your cash as of June 30 is still available as of July 1.
- As long as departments have budgets in place, they will be able to continue spending.
- If you receive an NSF (Non-Sufficient Funds) error, work with your budget analyst to process a budget adjustment.
- In the meantime, use the FOBT00088 – Organization Financial Report for RU Funds for accurate beginning cash balances.
For more details, visit the Budget Transfers and Adjustments section on the Budget Maintenance Post Adoption website or contact the Budget Office directly.