Lapsing Funds Calendar

Cutoff Date for FY 2005-2006 Transactions	Day of the Week	Item
February 24	Friday	Last day to submit all non-contract (which will require bidding) over $150K for State Accounts with an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006.
March 17	Friday	Last day to submit all contract items regardless of $ amount with a lead time requirement between 60 – 90 days and an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006.
March 24	Friday	Last day to submit all non-contracts (which will require bidding ) items between $20K and 150K with a lead time requirement between 30 – 45 days and an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006.
April 14	Friday	Last day to submit all contract items regardless of $ amount with a lead time requirement no greater than 60 days and an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006.
April 28	Friday	Last day to submit all contract items regardless of $ amount with a lead time requirement between 30 and 45 days and an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006.
May 5	Friday	Last day to submit all items between $5k to $20k with an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006.
May 19	Friday	Last day to submit requisitions to Procurement for all items under $5K with an expected delivery date no later than July 14, 2006, all services must be completed by June 30, 2006. No exceptions.
May 26	Friday	Last day for VP rollovers to be identified.
June 1	Thursday	Letters sent to departments and vendors notifying them of the cutoff dates.
June 30	Friday	End of the fiscal year.
July 14	Friday	For State and IFR accounts, last day for receipt of items to be paid against fiscal year 05/06 funds.
July 21	Friday	Last day to submit all invoices to Procurement for processing Cancellation of all non-contractual encumbrances.
August 18	Friday	Last day for departments to submit budget transfers. Last date for departments to submit journal transfers. Last day for departments other than Accounting to process journal transfers and budget transfers.