Does your unit have State funds? If so, just a reminder that we are nearing the end of the lapse period. Thus, it’s very important to do a final review of all of your activity on the 100020 State fund to ensure that no final adjustments or reclassifications need made prior to the close of August business. Once August business closes, the 100020 State fund will be terminated and no further corrections or adjustments are allowed.
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For questions related to this topic, refer to the State Funds section of UAFR’s Who to Ask list.