Key dates for end of Financial Year
To ensure that all income and expenditure relating to 2014 is recorded correctly in the University's published financial statements, we must adhere strictly to the end-of-year schedule of key dates.
The University's Annual Report is the key public document that sets out our strategic and financial performance. It is of significant public interest and, as such, requires auditing by the auditor general for tabling in the NSW Parliament.
The Marketing, Council Services and Finance teams, with input from the Faculties and Divisions, work hard to make this document one that we can be proud of and we appreciate your assistance in achieving this.
Our primary aim in adhering to these dates is to ensure that The University Council has sufficient opportunity to review the draft financial statements before their submission to the Minister .
It is important that you review the summary because:
- you will need to update your calendars/work streams/work allocations/resourcing to ensure you can meet the due dates in the timetable
- the delivery dates are tight for all areas and failure to meet these delivery dates may affect the finalisation of the 2014 financial statements
- you will need to ensure that all your 2014 expenditure is recorded in 2014 and consumes your 2014 budget allocations. Similarly, any 2015 expenditure that is brought forward into the 2014 year as a prepayment will need to be removed from 2014 and allocated against your 2015 budget allocations.
If you have any questions in relation to this timetable, please email Paul Woolfe or contact your Business Operative for your area.
- Paul Woolfe, Manager, Financial Accounting and Compliance
- Phone: 4921 6636