Fiscal Year-End Closing

Lamar University Fiscal Year for 2025:

  • Begins on September 1, 2024
  • Ends on August 31, 2025

The following deadlines will ensure expenditures made during the year will be charged appropriately.

Additional Fiscal Year-End Procedures (PDF)

Department Date Task
Procurement

06/21/2024

Last day to submit requisitions that require a bid ($15,000+)
IT

07/05/2024

Last day to submit software requisitions for IT Compliance Review
IT

07/26/2024

Last day to submit hardware requisitions for IT Compliance Review
Procurement

08/02/2024

Last day to submit requisitions in Cardinal Purch (CP) - all dollar amounts
Procurement
08/02/2024 at 5 p.m.
08/19/2024 at 8 a.m.
CP Closed for Requisitioning / CP Open for Receipting
Procurement 08/19/2024 Start submitting requisitions for the new 2024-2025 Fiscal Year (FY25) into CP
Procurement 08/23/2024 - 08/30/2024 CP, Total Contract Manager (TCM) and Banner closed for Fiscal Year-End
Finance 08/30/2024 Banner will be closed for Fiscal Year-End
Procurement 09/02/2024 Procurement will release FY25 Purchase Orders (POs) to suppliers. Check your CP account to verify the PO was issued to your supplier before contacting them about your order.