blog posts Future Equipment Biennial Inventory Cycle Due Dates Announced Jan 18, 2022 10:00 amTravelAccounting and BudgetingBuying and ContractsFY 22Paying PeoplePayments to the UniversityUniversity Accounting and Financial Reporting has announced due dates and timelines for the next scheduled Biennial Inventory cycles. Based on all university Biennial Inventory cycles being completed in calendar year 2021, units will not be required to complete and certify the Biennial Inventory cycle in calendar year 2022. All cycles will be due for certification and completion in calendar year 2023. Future Biennial Cycles And Due DatesUICCycle start date- July 1, 2022Certification due date- March 31, 2023Cycle close date- June 30, 2023UISCycle start date- September 1, 2022Certification due date- May 31, 2023Cycle close date- August 31, 2023 UIUC Cycle start date- December 1, 2022Certification due date- August 31, 2023Cycle close date- November 30, 2023 Systems OfficeCycle start date- December 1, 2022Certification due date- August 31, 2023Cycle close date- November 30, 2023With this change, all university units will be completing their future Biennial cycle certifications on the odd calendar year and there will no longer be any university units certifying inventories on the even calendar years. This change is being implemented based on all university units completing their assigned cycles in 2021. The expectation is this change will make the Biennial cycles consistent and easier to manage for units moving forward.Units can also find the newly updated Biennial due dates in the Business Updates - CFO and the Equipment Management Bulletin.ContactFor questions regarding the new Biennial cycle due dates and future schedules, please contact Magdalena Jach at firstname.lastname@example.org or 312-585-9171, or Juana Rodriguez at email@example.com or 312-585-7321.