Beginning March 13th, UVAFinance will start the process to discontinue the use of FD096; currently designated worktags using this fund are primarily used for SIF and Cornerstone fund sources.
On March 13, the default fund for the current FD096 designated worktags will change to FD002. Please use this new default fund moving forward. FY24 activity will be converted from FD096 to FD002 through a centrally led cleanup effort.
Aside from monitoring necessary transaction approvals, there are no other action items necessary for individuals at the school and unit levels.
Please remind fiscal administrators in your area of the upcoming change. Many users will only recognize the change due to the default updating to FD002 instead of FD096 which will begin on March 13th.
Central finance will begin this transition by correcting payroll costing allocations and purchase orders that could post to the incorrect fund in the future. Other FY24 activity that has already been posted will be corrected one business unit and designated worktag at a time. We will reach out to your unit directly when these clean-up efforts begin for your area.
Please remind fiscal administrators in your area of the upcoming change. Many users will only recognize the change due to the default updating to FD002 instead of FD096 which will begin on March 13th.
Central finance will begin this transition by correcting payroll costing allocations and purchase orders that could post to the incorrect fund in the future. Other FY24 activity that has already been posted will be corrected one business unit and designated worktag at a time. We will reach out to your unit directly when these clean-up efforts begin for your area.
Please refer to this slide deck from the March 6th Fiscal Administrators meeting which outlines the process for additional information. If you have questions, please reach out to AskFinance!
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