03/11/2025
TO: Deans, Department Heads, MSO's
FR: Jim Corkill, Associate Vice Chancellor/Controller, Business & Financial Services
RE: Fiscal Closing, June 30, 2025
The fiscal closing instructions for 2024-2025 can be downloaded here: FY25 Closing Memo
Please note that the dates provided in the closing memo are PRELIMINARY dates based on the best information available and are subject to change.
If you have any questions regarding these instructions, please contact the appropriate individual noted in "Areas of Responsibility." Our staff is available to assist in the fiscal closing process.
This our last fiscal year that we will be closing with our legacy chart of accounts on PeopleSoft. As of July 1, 2025, we will be on the new Common Chart of Accounts (CCOA) and on Oracle Financials Cloud (OFC). After we go live on OFC, our journal deadlines will be different because the close process in OFC is different. Those deadlines for fiscal year 2025-2026 will be shared in a separate communication.
Thank you for your patience as we all navigate these changes together.
If you have any concerns or comments, please contact Olga Mery at olga.mery@ucsb.edu