Monday, July 25, 2022

Fund Balance Realignment: Process & Timeline

Now that Workday Financials is live at UVA, the FST Team is working with finance professionals across Grounds to ensure that fund balances are distributed accurately in the new system.

On July 23, the team began to make updates to fund balances based on information schools and units shared.  By August 2, these updates will be reflected in Workday Financials.  School and unit partners will then receive further instructions for submitting additional fund balance realignment requests in August, a process that will repeat in September (the final fund balance realignment submission).

After the final realignment period in September, schools and units can continue to move balances, but they will be reflected in the period when the transfer is made.  

Fund balance realignment resources can be found here: 

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