This email is sent on behalf of Julie Ghayad, Senior Director Systems and Transaction Services
Dear Colleagues,
In order to reduce time spent on Email Management, we are pleased to announce that effective Monday, June 17th, Email Approval Notifications that are currently sent twice daily to FFMs/Delegates will be reduced to a daily process.
Current Process
This message is sent on behalf of Elvie Coletta, Senior Director, Research Financial Management Services (RFMS), Financial Services
The US Federal Grants Requirements have recently been updated. If you are a recipient of a US Federal Grant please review the requirements.
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To all Finance users,
The month of May 2024 is closed. You may pick up your Minerva Financial Statements by logging into Minerva via https://horizon.mcgill.ca/minerva
This link will bring you directly to the Finance (Fund) Administration Menu >> Financial Statements menu option.
This message is sent on behalf of Cristiane Tinmouth, Associate Vice-President, Financial Services & Richard Martin, Executive Director, Analysis, Planning and Budget
To all Finance users,
Budget carry forward balances for all applicable funds have been posted to May of Fiscal Year 25 (2024/25). This budget appears in account code 700421, 700422 or 700428 (depending on the Fund Type), and carries a document number starting with ‘CF’.
To all Finance users,
The University Fiscal Year 24 (2023/24) is officially closed. You may pick up your April Minerva Financial Statements by logging into Minerva via https://horizon.mcgill.ca/minerva.
This link will bring you directly to the Finance (Fund) Administration Menu >> Financial Statements menu option.
La version française suit.
Good Day,
Please note that due to the extended University year end period, the month of April will not be closing according to the usual month end schedule. April 2024 is scheduled to be closed on June 3rd. This means that financial statements for April are still not available. An email notification will be sent when the financial statements are ready to be picked up in Minerva.
Until April is closed, please be mindful that May fund balances do not include the budget carry forwards.
La version française suit.
To all Banner Finance Users,
In support of the Year-End effort, the processing of journals, IDC’s and manual encumbrances (Banner forms FGAJVCQ, FGADCSR, FGAJVCD and FGAENCB) will not be accessible from Tuesday, May 7th, 9:00 AM until Wednesday, May 8th, 9:00 AM. We apologize for the inconvenience.
Need HELP?
La version française suit.
To all Banner Finance Users,
In support of the Year-End effort, the processing of journals, IDC’s and manual encumbrances (Banner forms FGAJVCQ, FGAJVCD and FGAENCB) will not be accessible from Tuesday, May 7th, 9:00 AM until Wednesday, May 8th, 9:00 AM. We apologize for the inconvenience.
Need HELP?
** French to follow **
This message is sent on behalf of Serge Bergeron, Senior Director, Budget and Finance , Analysis, Planning and Budget and Lara Pereira, Controller, Financial Services
Dear Colleagues,
The overhead recovery fee currently being charged on actual revenues earned in non-1A unrestricted funds will remain at 7.5% in FY2025. This is unchanged from FY2024. The process for collecting and recording of this fee will continue to occur on a quarterly basis.
This message is sent on behalf of Julie Ghayad, Senior Director Systems and Transaction Services, Financial Services
Dear Colleagues,
The Payment Request Policy and Procedures has been updated:
La version française suit.
To all Finance Users,
May 1, 2024 is the first day of Fiscal Year 25 (May 1, 2024 to April 30, 2025). For your reference, attached are the FY25 Month End Deadlines for submitting financial transactions in Banner (including Finance Accounts Receivable and Feed File submissions).
These deadlines are posted on the Financial Services website.
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This message is sent out on behalf of Francois Pouliot, Senior Director, Procurement Services
Good day,
In line with our governing principles of integrity and responsibility, and to ensure cost effectiveness, it is vital to obtain competitive quotes. Per best practices, a minimum of 3 potential suppliers should be solicited.
To all Finance users,
The month of March 2024 is closed. You may pick up your Minerva Financial Statements by logging into Minerva via https://horizon.mcgill.ca/minerva
This link will bring you directly to the Finance (Fund) Administration Menu >> Financial Statements menu option.
La version française suit.
This message is sent on behalf of Cristiane Tinmouth, Associate Vice-President, Financial Services and Lara Pereira, Controller, Financial Services
Dear Colleagues,
Please see attached for the year-end memo to help orient your preparations for the close of Fiscal 2024. The memo is also available on the Financial Services website at the following link:
This message is sent on behalf of Chitra Sewsagur, Director, Application Services.
Ce message est envoyé au nom de Chitra Sewsagur, Directrice, Services Applicatifs.
La version française suit.
Good morning,
