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Accounting & Financial Reporting

Fiscal-Year-End Deadlines for Labor Redistributions

Labor redistributions (PZAREDS) must be completed and processed according to the following dates at the close of the fiscal year.

July 6, 2017 (5:00 PM) - Labor redistributions must be completed and approved (disposition 60) to appear on June FY17 preliminary statements.

July 13, 2017 (5:00 PM) - Last day to post labor redistributions to FY17. Labor redistributions must be completed and approved (disposition 60) to appear on June FY17 period 12 statement.

  • For FY17 pay periods except MN 7 and BW 14 - Labor redistributions must have a manually entered override posting date in June 2017 to appear on the June FY17 period 12 statements. This field is in the upper left corner of the "Edit Labor Distribution" tab of the PZAREDS form and is labeled "Posting Date". The system date is automatically populated in this field, so the user MUST change the date unless the user wants the redistributions to post in July.
  • For FY17 pay period MN 7 - This pay period is for services rendered partially in FY17, but paid in FY18, and therefore may have expenditures in both FY17 and FY18. See the job aid for performing labor redistributions related to this payroll located in the Performing a Year End Labor Redistribution Job Aid [updated: 4/24/15] document.
  • For FY17 pay period BW 14 - This pay period is for services rendered partially in FY17, but paid in FY18, and therefore may have expenditures in both FY17 and FY18. See the job aid for performing labor redistributions related to this payroll located in the Performing a Year End Labor Redistribution Job Aid [updated: 4/24/15] document.
  • July 16 through July 29, 2017 - No labor redistributions will post to period 14.
  • Labor redistributions pertaining to FY17 state funds must be completed and approved (disposition 60) by 5:00 PM July 14, 2017 (and use the dating conventions as noted above).

July 16, 2017 - All labor redistributions completed and approved (disposition 60) on or after July 15, 2017 will post to FY18.

Refer to the Fiscal-Year-End Closing and Opening Procedures Web page for more information on the year-end closing schedule and critical dates and who to contact for questions.

Last Updated: February 7, 2017

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